LOUSADA INVESTMENTS HOLDINGS LIMITED |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH SEPTEMBER 2023 |
LOUSADA INVESTMENTS HOLDINGS LIMITED |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30TH SEPTEMBER 2023 |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Statement of Comprehensive Income | 3 |
Balance Sheet | 4 |
Statement of Changes in Equity | 5 |
Notes to the Financial Statements | 6 |
Reconciliation of Equity | 8 |
Reconciliation of Profit | 10 |
LOUSADA INVESTMENTS HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Trading as Haines Watts |
First Floor, Woburn Court |
2 Railton Road |
Woburn Rd Ind Est |
Kempston |
Bedfordshire |
MK42 7PN |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
The directors present their report with the financial statements of the company for the year ended 30th September 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of a holding company. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st October 2022 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
STATEMENT OF COMPREHENSIVE |
INCOME |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
2023 | 2022 |
£ | £ |
TURNOVER |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
BALANCE SHEET |
30TH SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
STATEMENT OF CHANGES IN EQUITY |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1st October 2021 | ( |
) |
Changes in equity |
Balance at 30th September 2022 | ( |
) |
Changes in equity |
Balance at 30th September 2023 | ( |
) |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Lousada Investments Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to al periods presented unless otherwise stated. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st October 2022 |
and 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Preference shares | 16,667 | 16,667 |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
8. | FIRST YEAR ADOPTION |
No transitional adjustments were deemed necessary to equity or retained earnings on transition to FRS 102 1A. |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
RECONCILIATION OF EQUITY |
1ST OCTOBER 2021 |
(DATE OF TRANSITION TO FRS 102) |
Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
£ | £ | £ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
- |
- |
NET LIABILITIES | - | - |
RESERVES | - | - | - |
**ERROR - DATA SCREEN - RECONCILIATION OF EQUITY - MUST BE COMPLETED |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
RECONCILIATION OF EQUITY - continued |
30TH SEPTEMBER 2022 |
Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
£ | £ | £ |
FIXED ASSETS |
Investments | 1,016,667 | 1,016,667 |
CREDITORS |
Amounts falling due within one year | (744 | ) | (744 | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
1,015,923 |
1,015,923 |
CREDITORS |
Amounts falling due after more than one year |
(16,667 |
) |
(16,667 |
) |
NET ASSETS | 999,256 | 999,256 |
CAPITAL AND RESERVES |
Called up share capital | 1,000,000 | 1,000,000 |
Retained earnings | (744 | ) | (744 | ) |
SHAREHOLDERS' FUNDS | 999,256 | 999,256 |
LOUSADA INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 09221499) |
RECONCILIATION OF PROFIT |
FOR THE YEAR ENDED 30TH SEPTEMBER 2022 |
Effect of |
UK | transition |
GAAP | to FRS 102 | FRS 102 |
£ | £ | £ |
TURNOVER | 500,000 | ( |
) | - |
OPERATING PROFIT | 500,000 | ( |
) | - |
and |
PROFIT BEFORE TAXATION | 500,000 | ( |
) | - |
Tax on profit | - | - |
PROFIT FOR THE FINANCIAL YEAR | 500,000 | ( |
) | - |