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Registered number: 11004581









LANRICK HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
LANRICK HOLDINGS LIMITED
REGISTERED NUMBER: 11004581

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
                                                                Note
£
£

Fixed assets
  

Investments
 4 
847
847

Current assets
  

Debtors
 5 
1,239,998
745,998

Cash at bank and in hand
 6 
220,595
708,907

  
1,460,593
1,454,905

Creditors: amounts falling due within one year
 7 
(1,005)
-

Net current assets
  
 
 
1,459,588
 
 
1,454,905

Total assets less current liabilities
  
1,460,435
1,455,752

  

Net assets
  
1,460,435
1,455,752


Capital and reserves
  

Called up share capital 
  
845
845

Share premium account
  
395,760
395,760

Capital redemption reserve
  
240
240

Profit and loss account
  
1,063,590
1,058,907

  
1,460,435
1,455,752


Page 1

 
LANRICK HOLDINGS LIMITED
REGISTERED NUMBER: 11004581
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 March 2024.


D J Godden
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
LANRICK HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 July 2021
845
-
-
1,277,079
1,277,924



Profit for the year
-
-
-
296,203
296,203

Dividends: Equity capital
-
-
-
(137,500)
(137,500)

Purchase of own shares
-
-
240
(376,875)
(376,635)

Shares issued during the year
-
395,760
-
-
395,760



At 1 July 2022
845
395,760
240
1,058,907
1,455,752



Profit for the year
-
-
-
154,683
154,683

Dividends: Equity capital
-
-
-
(150,000)
(150,000)


At 30 June 2023
845
395,760
240
1,063,590
1,460,435


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
LANRICK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Lanrick Holdings Limited ("the company") is a company limited by shares, incorporated in England and Wales. Its registered office is 3 Blackwall Trading Estate, Lanrick Road, London, E14 0JP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 4

 
LANRICK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

  
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and othe rthird parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cashflows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 5

 
LANRICK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
847



At 30 June 2023
847





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Superior Shopfitting Limited
Ordinary A to E
100%
Blackwall Property Group Limited
Ordinary A to B
100%
Blackwall Property (No.1) Limited*
Ordinary
100%
Blackwall Property (No.2) Limited*
Ordinary
100%
Blackwall Property (No.3) Limited*
Ordinary
100%

*Indirect subsidiary.


5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
1,239,000
745,000

1,239,000
745,000

Due within one year

Amounts owed by group undertakings
998
998

1,239,998
745,998


Page 6

 
LANRICK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
220,595
708,907



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,005
-



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



240 (2022 - 240) Ordinary A shares of £1.00 each
240
240
230 (2022 - 230) Ordinary B shares of £1.00 each
230
230
270 (2022 - 270) Ordinary C shares of £1.00 each
270
270
20 (2022 - 20) Ordinary D shares of £1.00 each
20
20
85 (2022 - 85) Ordinary E shares of £1.00 each
85
85

845

845

During the prior year the company re-purchased 240 Ordinary A shares of £1 each for consideration of £376,875.
During the prior year the company issued 240 Ordinary A shares £1 shares of £1 each for consideration of £396,000.



9.


Related party transactions

During the year, the company received dividends of £150,000 (2022 - £300,000) from its subsidiary undertaking.
During the year, the shareholders had an interest in dividends of £150,000 
(2022 - £137,500).
At the year end the company was owed £1,239,998 
(2022 - £745,998) from its subsidiary undertakings.

 
Page 7