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REGISTERED NUMBER: 08114691 (England and Wales)















LIGHTHOUSE CAPITAL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHTHOUSE CAPITAL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Bennett
S Bennett
J Bennett





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6JS





REGISTERED NUMBER: 08114691 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,871 338
Investments 5 100 100
Investment property 6 2,231,116 2,231,116
2,293,087 2,231,554

CURRENT ASSETS
Debtors 7 1,897,188 1,044,814
Cash at bank and in hand 65,193 177,554
1,962,381 1,222,368
CREDITORS
Amounts falling due within one year 8 (1,734,667 ) (1,086,149 )
NET CURRENT ASSETS 227,714 136,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,520,801

2,367,773

CREDITORS
Amounts falling due after more than one
year

9

(1,205,611

)

(1,294,045

)
NET ASSETS 1,315,190 1,073,728

CAPITAL AND RESERVES
Called up share capital 750 750
Revaluation reserve 11 131,882 131,882
Capital redemption reserve 253 253
Retained earnings 1,182,305 940,843
SHAREHOLDERS' FUNDS 1,315,190 1,073,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





M Bennett - Director


LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lighthouse Capital Investments 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 as modified by the revaluation of certain assets.

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.
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 - 3,167 3,167
Additions 82,156 - 82,156
At 31 March 2023 82,156 3,167 85,323
DEPRECIATION
At 1 April 2022 - 2,829 2,829
Charge for year 20,539 84 20,623
At 31 March 2023 20,539 2,913 23,452
NET BOOK VALUE
At 31 March 2023 61,617 254 61,871
At 31 March 2022 - 338 338

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,231,116
NET BOOK VALUE
At 31 March 2023 2,231,116
At 31 March 2022 2,231,116

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 2,231,116

LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,099,234 2,099,234

Investment property was valued on an open market basis basis on 30 April 2020 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors 26,003 26,003
LSM (UK) Limited 72,684 72,684
Acorn (Kent) Limited 743,297 743,297
Essence Media Ltd 103,608 103,608
CWPS Ltd 18,651 18,651
Blu Trading Ltd 161 161
SRG Loan 80,000 80,000
Directors' current accounts 852,374 -
Prepayments and accrued income 410 410
1,897,188 1,044,814

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 137,475 137,475
Social security and other taxes 7,719 4,599
Pension liability - 2,343
Sundry creditors 8,046 -
Acorn Homes (UK) Ltd 1,577,162 934,842
Directors' current accounts - 3,026
Accrued expenses 4,265 3,864
1,734,667 1,086,149

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 137,475 137,475
Bank loans - 2-5 years 362,237 386,031
Bank loans more 5 yr by instal 705,899 770,539
1,205,611 1,294,045

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 705,899 770,539

LIGHTHOUSE CAPITAL INVESTMENTS LIMITED (REGISTERED NUMBER: 08114691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,343,086 1,431,520

A legal mortgage dated 30 April 2015 was executed on the freehold property known as St Nicholas Lodge, 78 Gladstone Road, securing the mortgage due from the company to HSBC UK Bank PLC.

A second legal mortgage dated 30 April 2015 was executed on the freehold property known as Oak House, 14 Brockenhurst Road, securing the mortgage due from the company to HSBC UK Bank PLC

A legal mortgage dated 29 March 2021 over the freehold property known as 81 Island Road, Sturry, Canterbury, Kent, securing the mortgage due from the company to HSBC UK Bank PLC

A legal mortgage dated 12 March 2021 over the freehold property known as The Hollies, Lower Road, Staple, Canterbury, Kent, securing the mortgage due from the company to HSBC UK Bank PLC

HSBC also hold a fixed and floating charge over all the assets of the company.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 131,882