Registered number
12202139
LPH Group Holdings Limited
Accounts
For the Year ended
30 September 2023
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
LPH Group Holdings Limited
Registered number: 12202139
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,230 -
Investments 4 4 4
11,234 4
Current assets
Debtors 5 1,286,766 1,010,418
Cash at bank and in hand 29 280,563
1,286,795 1,290,981
Creditors: amounts falling due within one year 6 (7,976) (4,317)
Net current assets 1,278,819 1,286,664
Total assets less current liabilities 1,290,053 1,286,668
Creditors: amounts falling due after more than one year 7 (634,994) (626,888)
Net assets 655,059 659,780
Capital and reserves
Called up share capital 1 1
Profit and loss account 655,058 659,779
Shareholder's funds 655,059 659,780
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Dias
Director
Approved by the board on 15 August 2024
LPH Group Holdings Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 12,834
At 30 September 2023 12,834
Depreciation
Charge for the year 1,604
At 30 September 2023 1,604
Net book value
At 30 September 2023 11,230
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 4
At 30 September 2023 4
5 Debtors 2023 2022
£ £
Other debtors 1,286,766 1,010,418
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,566 -
Trade creditors 4,317 3,584
Other creditors 1,093 733
7,976 4,317
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,106 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 581,936 581,936
Other creditors 44,952 44,952
634,994 626,888
8 Related party transactions
Included in creditors owed to group undertakings is an amount of £581,936 (2022 - £581,936) which is owed by the company to its subsidiaries.
9 Other information
LPH Group Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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