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REGISTERED NUMBER: 01608125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LANCASTER CAPITAL VENTURES LTD

LANCASTER CAPITAL VENTURES LTD (REGISTERED NUMBER: 01608125)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANCASTER CAPITAL VENTURES LTD

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTOR: M E J Thomas





REGISTERED OFFICE: Lancaster House
Barrack Lane
Windsor
Berks
SL4 1HD





REGISTERED NUMBER: 01608125 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

LANCASTER CAPITAL VENTURES LTD (REGISTERED NUMBER: 01608125)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 581,627 894,554

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 167 440
267 540
CREDITORS
Amounts falling due within one year 6 1,272,222 1,235,674
NET CURRENT LIABILITIES (1,271,955 ) (1,235,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(690,328

)

(340,580

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (690,428 ) (340,680 )
SHAREHOLDERS' FUNDS (690,328 ) (340,580 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 August 2024 and were signed by:





M E J Thomas - Director


LANCASTER CAPITAL VENTURES LTD (REGISTERED NUMBER: 01608125)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Lancaster Capital Ventures Ltd 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 894,554
Additions 10,710
Impairments (323,637 )
At 31 December 2023 581,627
NET BOOK VALUE
At 31 December 2023 581,627
At 31 December 2022 894,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amount due from associated
companies 100 100
100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 102,440 101,940
Other creditors 1,169,782 1,133,734
1,272,222 1,235,674

Other creditors includes £271,845 (2022 £261,135) due to Windsor Estates Finance Ltd, a company in the associated group.

It also includes £897,437 (2022 £872,098) due to Thameside Property Company Ltd, a company in the associated group.

LANCASTER CAPITAL VENTURES LTD (REGISTERED NUMBER: 01608125)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (340,680 )
Deficit for the year (349,748 )
At 31 December 2023 (690,428 )

9. RELATED PARTY DISCLOSURES

During the year, loan interest of £25,339 (2022 £25,136) was charged from Thameside Property Company Limited, a company in the associated group.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wayseal Investments Limited registered in England, of which the ultimate controlling party is D E M Thomas.

Wayseal Investments Limited is also the immediate parent company, within the group, which will draw up consolidated financial statements.