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REGISTERED NUMBER: 08255571 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

L.P.E ISLAY LIMITED

L.P.E ISLAY LIMITED (REGISTERED NUMBER: 08255571)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.P.E ISLAY LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTOR: Mr O Green





REGISTERED OFFICE: High Ingham House
Hanlith
Skipton
BD23 4BP





REGISTERED NUMBER: 08255571 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

L.P.E ISLAY LIMITED (REGISTERED NUMBER: 08255571)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 750 40,750

CURRENT ASSETS
Debtors 5 1,199,250 1,199,250
Cash at bank 548 752
1,199,798 1,200,002
CREDITORS
Amounts falling due within one year 6 138,017 130,722
NET CURRENT ASSETS 1,061,781 1,069,280
TOTAL ASSETS LESS CURRENT LIABILITIES 1,062,531 1,110,030

CREDITORS
Amounts falling due after more than
one year

7

1,000,000

1,100,000
NET ASSETS 62,531 10,030

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 62,521 10,020
62,531 10,030

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

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

The director acknowledges his 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.

L.P.E ISLAY LIMITED (REGISTERED NUMBER: 08255571)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 24 April 2024 and were signed by:





Mr O Green - Director


L.P.E ISLAY LIMITED (REGISTERED NUMBER: 08255571)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

L.P.E Islay 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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

L.P.E ISLAY LIMITED (REGISTERED NUMBER: 08255571)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 August 2022 40,750
Disposals (60,030 )
Revaluations 20,030
At 31 July 2023 750
NET BOOK VALUE
At 31 July 2023 750
At 31 July 2022 40,750

Cost or valuation at 31 July 2023 is represented by:

Shares in
group
undertakings
£   
Cost 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,199,250 1,199,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 138,017 130,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,000,000 1,100,000

8. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year is an amount of £126,415 (2022 - £126,415) due to the director of the company.