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REGISTERED NUMBER: 11000358 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

LAKE LANE PROPERTY LIMITED

LAKE LANE PROPERTY LIMITED (REGISTERED NUMBER: 11000358)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAKE LANE PROPERTY LIMITED

Company Information
for the year ended 31 October 2023







DIRECTOR: R I MacGuffog





REGISTERED OFFICE: Thorne Lancaster Parker
5th Floor Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 11000358 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

LAKE LANE PROPERTY LIMITED (REGISTERED NUMBER: 11000358)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 165,967 165,967
Cash at bank 2,131 2,131
168,098 168,098
CREDITORS
Amounts falling due within one year 5 48,275 48,275
NET CURRENT ASSETS 119,823 119,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,823

119,823

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 119,723 119,723
SHAREHOLDERS' FUNDS 119,823 119,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 25 July 2024 and were signed by:





R I MacGuffog - Director


LAKE LANE PROPERTY LIMITED (REGISTERED NUMBER: 11000358)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

Lake Lane Property 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.

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 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 1,800 1,800
Directors' current accounts 164,167 164,167
165,967 165,967

The directors loan account was repaid after the year end.and Interest is charged on overdrawn director loan account.

LAKE LANE PROPERTY LIMITED (REGISTERED NUMBER: 11000358)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 45,000 45,000
Tax (38 ) (38 )
Accruals and deferred income 3,313 3,313
48,275 48,275

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
R I MacGuffog
Balance outstanding at start of year (164,167 ) (162,140 )
Amounts advanced - (2,027 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (164,167 ) (164,167 )

8. RELATED PARTY DISCLOSURES

Jonny Pebble Property Ltd

At the balance sheet date the company owed £45,000 to Jonny Pebble Property Ltd of which M J Macguffog & R I Macguffog are the directors.The amount is unsecured and interest free, and there is no fixed date of repayment.