Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-012falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08127266 2023-01-01 2023-12-31 08127266 2022-01-01 2022-12-31 08127266 2023-12-31 08127266 2022-12-31 08127266 2022-01-01 08127266 c:Director1 2023-01-01 2023-12-31 08127266 d:Buildings 2023-01-01 2023-12-31 08127266 d:Buildings 2023-12-31 08127266 d:Buildings 2022-12-31 08127266 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08127266 d:PlantMachinery 2023-01-01 2023-12-31 08127266 d:PlantMachinery 2023-12-31 08127266 d:PlantMachinery 2022-12-31 08127266 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08127266 d:FurnitureFittings 2023-01-01 2023-12-31 08127266 d:FurnitureFittings 2023-12-31 08127266 d:FurnitureFittings 2022-12-31 08127266 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08127266 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08127266 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 08127266 d:FreeholdInvestmentProperty 2023-12-31 08127266 d:FreeholdInvestmentProperty 2022-12-31 08127266 d:CurrentFinancialInstruments 2023-12-31 08127266 d:CurrentFinancialInstruments 2022-12-31 08127266 d:Non-currentFinancialInstruments 2023-12-31 08127266 d:Non-currentFinancialInstruments 2022-12-31 08127266 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08127266 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08127266 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08127266 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08127266 d:ShareCapital 2023-12-31 08127266 d:ShareCapital 2022-12-31 08127266 d:RevaluationReserve 2023-01-01 2023-12-31 08127266 d:InvestmentPropertiesRevaluationReserve 2023-12-31 08127266 d:InvestmentPropertiesRevaluationReserve 2022-12-31 08127266 d:RetainedEarningsAccumulatedLosses 2023-12-31 08127266 d:RetainedEarningsAccumulatedLosses 2022-12-31 08127266 c:FRS102 2023-01-01 2023-12-31 08127266 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08127266 c:FullAccounts 2023-01-01 2023-12-31 08127266 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08127266 d:OtherDeferredTax 2023-12-31 08127266 d:OtherDeferredTax 2022-12-31 08127266 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08127266









LAMPCO MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LAMPCO MANAGEMENT LIMITED
REGISTERED NUMBER: 08127266

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
730,356
730,271

Investment property
 5 
3,250,755
1,614,285

  
3,981,111
2,344,556

Current assets
  

Debtors: amounts falling due within one year
 6 
872
180,273

Cash at bank and in hand
 7 
98,994
776,774

  
99,866
957,047

Creditors: amounts falling due within one year
 8 
(7,668)
(33,687)

Net current assets
  
 
 
92,198
 
 
923,360

Total assets less current liabilities
  
4,073,309
3,267,916

Creditors: amounts falling due after more than one year
 9 
(2,675,000)
(1,950,000)

Provisions for liabilities
  

Deferred tax
 10 
(86,184)
(86,184)

  
 
 
(86,184)
 
 
(86,184)

Net assets
  
1,312,125
1,231,732


Capital and reserves
  

Called up share capital 
  
90
90

Investment property reserve
 11 
420,784
420,784

Profit and loss account
 11 
891,251
810,858

  
1,312,125
1,231,732

Page 1

 
LAMPCO MANAGEMENT LIMITED
REGISTERED NUMBER: 08127266
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 statement of income and retained earnings 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: 




................................................
Mr M Vekaria
Director

Date: 16 August 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lampco Management Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Cardoc House, Station Road, North Harrow, Middlesex, HA2 6AE. The registered number is 08127266. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Plant and machinery
-
20%
Reducing balance
Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
727,685
16,400
7,772
751,857


Additions
-
-
647
647



At 31 December 2023

727,685
16,400
8,419
752,504



Depreciation


At 1 January 2023
-
14,639
6,947
21,586


Charge for the year on owned assets
-
352
210
562



At 31 December 2023

-
14,991
7,157
22,148



Net book value



At 31 December 2023
727,685
1,409
1,262
730,356



At 31 December 2022
727,685
1,761
825
730,271

Page 6

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,614,285


Additions at cost
1,636,470



At 31 December 2023
3,250,755

The 2023 valuations were made by the director, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 January 2023
420,784
420,784

At 31 December 2023
420,784
420,784





6.


Debtors

2023
2022
£
£


Other debtors
-
179,492

Prepayments and accrued income
872
781

872
180,273



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
98,994
776,774

98,994
776,774


Page 7

 
LAMPCO MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
26,321

Accruals and deferred income
7,668
7,366

7,668
33,687



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
1,300,000
1,300,000

Other creditors
1,375,000
650,000

2,675,000
1,950,000



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(86,184)
(86,184)



At end of year
(86,184)
(86,184)

2023
2022
£
£


Fair value movement in investment properties
(86,184)
(86,184)


11.


Reserves

Revaluation reserve

Capital and reserves includes net non-distributable reserves of £420,784 (2022: £420,784) due to fair value gains on investment property, after related deferred tax charge of £86,184.

 
Page 8