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REGISTERED NUMBER: 12496946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

2Lakes Limited

2Lakes Limited (Registered number: 12496946)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2Lakes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R V O'Toole
Mrs D J O'Toole





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 12496946 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

2Lakes Limited (Registered number: 12496946)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 923 1,385

CURRENT ASSETS
Debtors 5 - 8,573
Cash at bank 16,200 8,003
16,200 16,576
CREDITORS
Amounts falling due within one year 6 522 216
NET CURRENT ASSETS 15,678 16,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,601

17,745

PROVISIONS FOR LIABILITIES 7 176 263
NET ASSETS 16,425 17,482

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 16,325 17,382
SHAREHOLDERS' FUNDS 16,425 17,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

2Lakes Limited (Registered number: 12496946)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by:





R V O'Toole - Director


2Lakes Limited (Registered number: 12496946)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

2Lakes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

2Lakes Limited (Registered number: 12496946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 3,117
DEPRECIATION
At 1 April 2022 1,732
Charge for year 462
At 31 March 2023 2,194
NET BOOK VALUE
At 31 March 2023 923
At 31 March 2022 1,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 8,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security (284 ) (284 )
Other creditors 806 500
522 216

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 176 263

Deferred
tax
£   
Balance at 1 April 2022 263
Credit to Income Statement during year (87 )
Balance at 31 March 2023 176

2Lakes Limited (Registered number: 12496946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 17,382
Deficit for the year (1,057 )
At 31 March 2023 16,325

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
R V O'Toole
Balance outstanding at start of year 8,573 -
Amounts advanced - 8,573
Amounts repaid (8,573 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,573

11. ULTIMATE CONTROLLING PARTY

The controlling party is R V O'Toole.