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REGISTERED NUMBER: 10256218 (England and Wales)















LPS Holdings Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






LPS Holdings Limited (Registered number: 10256218)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

LPS Holdings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: L P Soave





SECRETARY: Mrs S V Soave





REGISTERED OFFICE: 42 Bretforton Road
Badsey
Evesham
Worcestershire
WR11 7XQ





REGISTERED NUMBER: 10256218 (England and Wales)





ACCOUNTANTS: D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE

LPS Holdings Limited (Registered number: 10256218)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 501,716 461,092

CURRENT ASSETS
Debtors 5 - 4,972
Cash at bank 18,639 44,327
18,639 49,299
CREDITORS
Amounts falling due within one year 6 65,732 80,535
NET CURRENT LIABILITIES (47,093 ) (31,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,623

429,856

CREDITORS
Amounts falling due after more than one year 7 (300,000 ) (300,000 )

PROVISIONS FOR LIABILITIES - (706 )
NET ASSETS 154,623 129,150

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 154,503 129,030
154,623 129,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LPS Holdings Limited (Registered number: 10256218)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 February 2024 and were signed by:





L P Soave - Director


LPS Holdings Limited (Registered number: 10256218)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

LPS Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and Straight line over 3 years

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 3 (2022 - 3 ) .

LPS Holdings Limited (Registered number: 10256218)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 457,376 4,598 461,974
Additions - 41,747 41,747
At 30 June 2023 457,376 46,345 503,721
DEPRECIATION
At 1 July 2022 - 882 882
Charge for year - 1,123 1,123
At 30 June 2023 - 2,005 2,005
NET BOOK VALUE
At 30 June 2023 457,376 44,340 501,716
At 30 June 2022 457,376 3,716 461,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 4,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,219 87
Taxation and social security 19,155 15,121
Other creditors 44,358 65,327
65,732 80,535

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 300,000 300,000

8. RELATED PARTY DISCLOSURES

The Director has a loan to the Company at 30 June 2023 of £326,592 (2022 £352,999). Interest is being charged on this loan at a rate of 2.5% per annum.

LPS Holdings Limited

Report of the Accountants to the Director of
LPS Holdings Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE


20 February 2024