Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01No description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11473816 2022-10-01 2023-09-30 11473816 2021-10-01 2022-09-30 11473816 2023-09-30 11473816 2022-09-30 11473816 c:Director1 2022-10-01 2023-09-30 11473816 d:CurrentFinancialInstruments 2023-09-30 11473816 d:CurrentFinancialInstruments 2022-09-30 11473816 d:Non-currentFinancialInstruments 2023-09-30 11473816 d:Non-currentFinancialInstruments 2022-09-30 11473816 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11473816 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11473816 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11473816 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11473816 d:ShareCapital 2023-09-30 11473816 d:ShareCapital 2022-09-30 11473816 d:RetainedEarningsAccumulatedLosses 2023-09-30 11473816 d:RetainedEarningsAccumulatedLosses 2022-09-30 11473816 c:OrdinaryShareClass1 2022-10-01 2023-09-30 11473816 c:OrdinaryShareClass1 2023-09-30 11473816 c:OrdinaryShareClass1 2022-09-30 11473816 c:FRS102 2022-10-01 2023-09-30 11473816 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11473816 c:FullAccounts 2022-10-01 2023-09-30 11473816 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11473816 6 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11473816










LIFESTYLE LOANS HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
LIFESTYLE LOANS HOLDINGS LTD
REGISTERED NUMBER: 11473816

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
101
101

  
101
101

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,340,522
1,664,126

Cash at bank and in hand
 6 
100
100

  
2,340,622
1,664,226

Creditors: amounts falling due within one year
 7 
(4,091)
(3,203)

Net current assets
  
 
 
2,336,531
 
 
1,661,023

Total assets less current liabilities
  
2,336,632
1,661,124

Creditors: amounts falling due after more than one year
 8 
(1,833,137)
(1,361,203)

  

Net assets
  
503,495
299,921


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
503,395
299,821

  
503,495
299,921


Page 1

 
LIFESTYLE LOANS HOLDINGS LTD
REGISTERED NUMBER: 11473816
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider 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 directors acknowledge their 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 profit and loss account 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 A Swift
Director

Date: 8 July 2024

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

Page 2

 
LIFESTYLE LOANS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Lifestyle Loans Holdings Ltd, 11473816, is a private limited company limited by shares, incorporated in England and Wales, with its registered office at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, United Kingdom, SY2 6LG.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualifies as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue represents charges to group companies in respect of interest arising on loans made to group companies. 

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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

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
Page 3

 
LIFESTYLE LOANS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
101



At 30 September 2023
101




Page 4

 
LIFESTYLE LOANS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors


Due after more than one year

Amounts owed by group undertakings
2,340,522
1,664,126

2,340,522
1,664,126



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100
100

100
100



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
3,317
2,489

Accruals and deferred income
774
714

4,091
3,203



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,833,137
1,361,203

1,833,137
1,361,203



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £0.01 each
100
100


Page 5

 
LIFESTYLE LOANS HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Contingent liabilities

A fixed and floating charge is secured against the assets of the company in respect of a loan facility provided to a subsidiary company.

 
Page 6