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REGISTERED NUMBER: 02809235 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LAKESHAW LIMITED

LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAKESHAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G H Ford





SECRETARY: G H Ford





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 02809235 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,367 2,959
Investment property 6 1,300,000 1,022,000
1,302,367 1,024,959

CURRENT ASSETS
Debtors 7 9,583 -
Cash at bank 75,310 61,735
84,893 61,735
CREDITORS
Amounts falling due within one year 8 50,443 42,503
NET CURRENT ASSETS 34,450 19,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,817

1,044,191

PROVISIONS FOR LIABILITIES 9 145,829 76,329
NET ASSETS 1,190,988 967,862

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,190,888 967,762
SHAREHOLDERS' FUNDS 1,190,988 967,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 14 August 2024 and were signed by:





G H Ford - Director


LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lakeshaw 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received, excluding value added tax. Turnover is recognised on an accruals basis.

Revenue is recognised at the point the property has been occupied and the tenant is liable for the rental charge.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 22,272
DEPRECIATION
At 1 April 2023 19,313
Charge for year 592
At 31 March 2024 19,905
NET BOOK VALUE
At 31 March 2024 2,367
At 31 March 2023 2,959

LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,022,000
Revaluations 278,000
At 31 March 2024 1,300,000
NET BOOK VALUE
At 31 March 2024 1,300,000
At 31 March 2023 1,022,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2001 85,704
Valuation in 2007 547,000
Valuation in 2018 25,000
Valuation in 2024 278,000
Cost 364,296
1,300,000

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

2024 2023
£    £   
Cost 364,296 364,296

Investment property was valued on an open market basis on 31 March 2024 by St John Chartered Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,313 -
Prepayments 3,270 -
9,583 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40 -
Tax 18,755 13,057
Other creditors 11,500 11,500
Accruals and deferred income 20,148 17,946
50,443 42,503

LAKESHAW LIMITED (REGISTERED NUMBER: 02809235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 145,829 76,329

Deferred
tax
£   
Balance at 1 April 2023 76,329
Provided during year 69,500
Balance at 31 March 2024 145,829

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1.00 100 100