Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-01-01falseNo description of principal activity11false 09833187 2022-01-01 2022-12-31 09833187 2021-01-01 2021-12-31 09833187 2022-12-31 09833187 2021-12-31 09833187 c:Director1 2022-01-01 2022-12-31 09833187 d:MotorVehicles 2022-01-01 2022-12-31 09833187 d:MotorVehicles 2022-12-31 09833187 d:MotorVehicles 2021-12-31 09833187 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09833187 d:CurrentFinancialInstruments 2022-12-31 09833187 d:CurrentFinancialInstruments 2021-12-31 09833187 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09833187 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09833187 d:ShareCapital 2022-12-31 09833187 d:ShareCapital 2021-12-31 09833187 d:RetainedEarningsAccumulatedLosses 2022-12-31 09833187 d:RetainedEarningsAccumulatedLosses 2021-12-31 09833187 c:FRS102 2022-01-01 2022-12-31 09833187 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09833187 c:FullAccounts 2022-01-01 2022-12-31 09833187 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 09833187













LAKEBRIDGE PARTNERS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


 
LAKEBRIDGE PARTNERS LIMITED
REGISTERED NUMBER:09833187


BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
3,799

  
-
3,799

Current assets
  

Debtors: amounts falling due within one year
 4 
756
756

  
756
756

Creditors: amounts falling due within one year
 5 
(744,572)
(743,072)

Net current liabilities
  
 
 
(743,816)
 
 
(742,316)

  

Net liabilities
  
(743,816)
(738,517)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(743,817)
(738,518)

  
(743,816)
(738,517)


Page 1


 
LAKEBRIDGE PARTNERS LIMITED
REGISTERED NUMBER:09833187

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers 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 director acknowledges her 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 by: 




................................................
P Chou
Director

Date: 30 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2


 
LAKEBRIDGE PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Lakebridge Partners Limited is a limited liability company incorporated in England. The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.

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

Going concern

During the year ended 31 December 2022 the company sustained a loss, giving rise to a balance sheet deficit of £743,816 at the year end. At the balance sheet date there was a liability of £743,372 (see note 6) owing to P Chou, a director and shareholder of the company, who has confirmed that she will not withdraw funds whilst the company strengthens its financial position.
In light of the above and after taking into account all information that could reasonably be expected to be available, the director is confident that the company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the company's accounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3


 
LAKEBRIDGE PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.7

Taxation

Tax is recognised in the Income statement, except that a change 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 reporting date in the countries where the company operates and generates income.

Page 4


 
LAKEBRIDGE PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2022
25,317



At 31 December 2022

25,317



Depreciation


At 1 January 2022
21,518


Charge for the year on owned assets
3,799



At 31 December 2022

25,317



Net book value



At 31 December 2022
-



At 31 December 2021
3,799


4.


Debtors

2022
2021
£
£


Other debtors
756
756



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
743,372
741,677

Accruals and deferred income
1,200
1,395

744,572
743,072


Page 5


 
LAKEBRIDGE PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Related party transactions

 Material balances with related parties arising during the year were as follows:


2022
2021
£
£

P Chou
743,372
741,677

P Chou is a director of Lakebridge Partners Limited

 
Page 6