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REGISTERED NUMBER: 07094994 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LCF Activities Limited

LCF Activities Limited (Registered number: 07094994)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCF Activities Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A J Fitzgerald
Mrs C A Waghorn
G J Waghorn
C S Giles
Mrs L E Giles





REGISTERED OFFICE: 6 Rowan Court
19 The Avenue
Beckenham
Kent
BR3 5LH





REGISTERED NUMBER: 07094994 (England and Wales)






LCF Activities Limited (Registered number: 07094994)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,686 4,573
Investments 6 100 100
Investment property 7 2,449,000 1,248,705
2,453,786 1,253,378

CURRENT ASSETS
Stocks - 122,466
Debtors 8 83,723 109,870
Investments 9 40,000 50,000
Cash at bank 541,118 574,401
664,841 856,737
CREDITORS
Amounts falling due within one year 10 90,369 65,537
NET CURRENT ASSETS 574,472 791,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,028,258

2,044,578

CREDITORS
Amounts falling due after more than one year 11 (133,599 ) (147,173 )

PROVISIONS FOR LIABILITIES (235,125 ) -
NET ASSETS 2,659,534 1,897,405

LCF Activities Limited (Registered number: 07094994)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 13 748,822 -
Retained earnings 1,910,512 1,897,205
2,659,534 1,897,405

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 directors acknowledge their 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





A J Fitzgerald - Director


LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

LCF Activities 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 (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about LCF Activities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost and 25% on reducing balance

Investments in subsidiaries
Investment in the subsidiary undertaking is recognised at cost.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,906
Additions 1,675
At 31 December 2023 10,581
DEPRECIATION
At 1 January 2023 4,333
Charge for year 1,562
At 31 December 2023 5,895
NET BOOK VALUE
At 31 December 2023 4,686
At 31 December 2022 4,573

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,248,705
Additions 2,740
Revaluations 983,947
Reclassification/transfer 213,608
At 31 December 2023 2,449,000
NET BOOK VALUE
At 31 December 2023 2,449,000
At 31 December 2022 1,248,705

The investment properties are valued by the directors on an open market existing use basis.

The historical cost of the investment properties amount to £1,465,053 (2022: £1,248,705).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 77,234 105,850
Other debtors 6,489 4,020
83,723 109,870

9. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other investments 40,000 50,000

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,626 17,406
Taxation and social security 10,625 10,864
Other creditors 64,118 37,267
90,369 65,537

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 133,599 147,173

LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 123,391 128,743

The bank loan is secured by way of fixed and floating charge over the company's assets.

13. RESERVES
Fair
value
reserve
£   
Revaluation of investment properties 983,947
Deferred tax on revaluation (235,125 )

At 31 December 2023 748,822