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REGISTERED NUMBER: 12195978 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Lake Place Properties Ltd

Lake Place Properties Ltd (Registered number: 12195978)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lake Place Properties Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mrs A M Beaumont





REGISTERED OFFICE: 130 Allport Road
Bromborough
Wirral
Merseyside
CH62 6BB





REGISTERED NUMBER: 12195978 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Lake Place Properties Ltd (Registered number: 12195978)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 222,309 222,309

CURRENT ASSETS
Debtors 5 41,361 40,545
Cash at bank 9,136 50,013
50,497 90,558
CREDITORS
Amounts falling due within one year 6 255,682 295,184
NET CURRENT LIABILITIES (205,185 ) (204,626 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,124

17,683

CREDITORS
Amounts falling due after more than one
year

7

14,142

22,921
NET ASSETS/(LIABILITIES) 2,982 (5,238 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,980 (5,240 )
2,982 (5,238 )

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

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

The director acknowledges her 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.

Lake Place Properties Ltd (Registered number: 12195978)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





Mrs A M Beaumont - Director


Lake Place Properties Ltd (Registered number: 12195978)

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


1. STATUTORY INFORMATION

Lake Place Properties 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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Lake Place Properties Ltd (Registered number: 12195978)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 222,309
NET BOOK VALUE
At 30 September 2023 222,309
At 30 September 2022 222,309

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 536 -
Other debtors 40,825 40,545
41,361 40,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 101
Amounts owed to group undertakings 1,214 -
Taxation and social security 1,928 36
Other creditors 242,540 285,047
255,682 295,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 14,142 22,921

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 24,142 32,921

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Lloyds Bank PLC in the year.

Lake Place Properties Ltd (Registered number: 12195978)

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


9. RELATED PARTY DISCLOSURES

At the year end, the company was owed £40,000 from a loan to Amber Properties (NW) Limited, a company under common control. This loan is interest free and payable on demand.