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REGISTERED NUMBER: 13226012 (England and Wales)















LRS FINANCIAL INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






LRS FINANCIAL INVESTMENTS LTD (REGISTERED NUMBER: 13226012)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LRS FINANCIAL INVESTMENTS LTD

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTORS: K Steele
Mrs S Steele





REGISTERED OFFICE: 2 Highgrove
Battle
East Sussex
TN33 0EL





REGISTERED NUMBER: 13226012 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

LRS FINANCIAL INVESTMENTS LTD (REGISTERED NUMBER: 13226012)

ABRIDGED BALANCE SHEET
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291 437
Investments 5 1,000 1,000
1,291 1,437

CURRENT ASSETS
Debtors 78 241
Cash at bank 4,996 3,567
5,074 3,808
CREDITORS
Amounts falling due within one year 4,655 4,182
NET CURRENT ASSETS/(LIABILITIES) 419 (374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,710

1,063

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,708 1,061
SHAREHOLDERS' FUNDS 1,710 1,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

LRS FINANCIAL INVESTMENTS LTD (REGISTERED NUMBER: 13226012)

ABRIDGED BALANCE SHEET - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 November 2023 and were signed on its behalf by:





K Steele - Director


LRS FINANCIAL INVESTMENTS LTD (REGISTERED NUMBER: 13226012)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

LRS Financial Investments Ltd 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.

Due to the shortened accounting period in the previous period, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of investment holding and management services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

LRS FINANCIAL INVESTMENTS LTD (REGISTERED NUMBER: 13226012)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 583
DEPRECIATION
At 1 March 2022 146
Charge for year 146
At 28 February 2023 292
NET BOOK VALUE
At 28 February 2023 291
At 28 February 2022 437

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2022
and 28 February 2023 1,000
NET BOOK VALUE
At 28 February 2023 1,000
At 28 February 2022 1,000