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REGISTERED NUMBER: 09038859 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 28 FEBRUARY 2023

FOR

LF INFRASTRUCTURE LIMITED

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 FEBRUARY 2022 TO 28 FEBRUARY 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 782 1,068
Investments 5 360,382 1,100,190
361,164 1,101,258

CURRENT ASSETS
Debtors 6 973,408 454,935
Cash at bank and in hand 685 543
974,093 455,478
CREDITORS
Amounts falling due within one year 7 117,795 203,541
NET CURRENT ASSETS 856,298 251,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,462

1,353,195

CREDITORS
Amounts falling due after more than one
year

8

24,059

34,837
NET ASSETS 1,193,403 1,318,358

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,193,402 1,318,357
1,193,403 1,318,358

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 15 March 2024 and were signed by:





Mr F Kane - Director


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 FEBRUARY 2022 TO 28 FEBRUARY 2023

1. STATUTORY INFORMATION

LF Infrastructure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09038859

Registered office: 6 Water End Barns
New Water End
Eversholt
Bedfordshire
MK17 9EA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts cover the 13 month period from 1st February 2022 to 28th February 2023. The accounting reference date was shortened in order to align the year ends of the group entities. For this reason the comparative figures may not be entirely comparable.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Revenue is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance
Motor vehicle - 25% on reducing balance


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 FEBRUARY 2022 TO 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Investments
Investments are measured at cost less accumulated impairment.

3. EMPLOYEES AND DIRECTORS

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

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 FEBRUARY 2022 TO 28 FEBRUARY 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 February 2022
and 28 February 2023 3,148
DEPRECIATION
At 1 February 2022 2,082
Charge for period 284
At 28 February 2023 2,366
NET BOOK VALUE
At 28 February 2023 782
At 31 January 2022 1,066

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022 1,100,190
Additions 11,027
Disposals (750,835 )
At 28 February 2023 360,382
NET BOOK VALUE
At 28 February 2023 360,382
At 31 January 2022 1,100,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Trade debtors 51,929 128,721
Amounts owed by connected companies 500,082 -
Other debtors 421,397 326,214
973,408 454,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Bank loans and overdrafts 9,890 9,646
Trade creditors 10,674 44,744
Amounts owed to connected companies 5,500 55,400
Taxation and social security 90,675 88,116
Other creditors 1,056 5,635
117,795 203,541

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 FEBRUARY 2022 TO 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
(Unaudited)
£    £   
Bank loans 24,059 34,837

9. SECURED DEBTS

There is a Debenture in place dated 23 September 2021 secured by way of a negative pledge and a fixed and floating charge over the assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alexos Christofi (Senior Statutory Auditor)
for and on behalf of AGK Partners

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors less than one year is an amount of £175,326 (2022: 180,300) due from connected companies under common control.

Included in other creditors less than one year is an amount of £5,500 (2022: £55,400) due to a connected company under common control.

The loans were interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is AOI Holdings Ltd.

13. COMPARATIVES

The comparative figures in the financial statements are unaudited.