LP3 Limited 13947042 false 2022-03-01 2023-03-31 2023-03-31 The principal activity of the company is financial investment. Digita Accounts Production Advanced 6.30.9574.0 true true 13947042 2022-03-01 2023-03-31 13947042 2023-03-31 13947042 core:RetainedEarningsAccumulatedLosses 2023-03-31 13947042 core:ShareCapital 2023-03-31 13947042 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 13947042 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13947042 bus:SmallEntities 2022-03-01 2023-03-31 13947042 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-03-31 13947042 bus:FullAccounts 2022-03-01 2023-03-31 13947042 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-03-31 13947042 bus:RegisteredOffice 2022-03-01 2023-03-31 13947042 bus:Director1 2022-03-01 2023-03-31 13947042 bus:Director2 2022-03-01 2023-03-31 13947042 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-03-31 13947042 1 2022-03-01 2023-03-31 13947042 countries:EnglandWales 2022-03-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13947042

LP3 Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 March 2022 to 31 March 2023

 

LP3 Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

LP3 Limited

(Registration number: 13947042)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Other financial assets

4

67,432

Current assets

 

Cash at bank and in hand

 

3,403

Creditors: Amounts falling due within one year

(37,325)

Net current liabilities

 

(33,922)

Net assets

 

33,510

Capital and reserves

 

Called up share capital

100

Profit and loss account

33,410

Total equity

 

33,510

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 

Mr G Field

Director

Mrs E Field

Director

 

LP3 Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Somerset Lodge
Caswell
Swansea
SA3 4RT

These financial statements were authorised for issue by the Board on 29 November 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared longer than one year from 01 March 2022 to the 31 March 2023 to coincide with the date of incorporation and the financial period end date.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

LP3 Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2022 to 31 March 2023

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Fair value adjustments

-

(7)

Additions

45,225

67,439

At 31 March 2023

45,225

67,432

Carrying amount

At 31 March 2023

45,225

67,432