REGISTERED NUMBER: |
Lapwing Lane Holdings Ltd |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
REGISTERED NUMBER: |
Lapwing Lane Holdings Ltd |
Unaudited Financial Statements |
for the Year Ended 31 August 2023 |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Lapwing Lane Holdings Ltd |
Company Information |
for the Year Ended 31 August 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Balance Sheet |
31 August 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Balance Sheet - continued |
31 August 2023 |
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 |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | Statutory information |
Lapwing Lane Holdings Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Lapwing Lane Holdings Ltd 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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents the |
amounts invoiced during the period. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. |
Investments in subsidiaries are assessed for impairment at each reporting date. Any impairments losses or reversals of impairment losses are recognised immediately in profit or loss. |
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. |
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. |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
2. | 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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 September 2022 |
and 31 August 2023 |
Depreciation |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 September 2022 |
Disposals | ( |
) |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 September 2022 |
and 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
Fair value at 31 August 2023 is represented by: |
£ |
Valuation in 2023 | 495,507 |
If investment property had not been revalued it would have been included at the following historical cost: |
31.8.23 | 31.8.22 |
£ | £ |
Cost | 495,507 | 495,507 |
Investment property was valued on an open market basis on 31 August 2023 by the directors . |
Lapwing Lane Holdings Ltd (Registered number: 12452986) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
7. | Debtors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
8. | Creditors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
31.8.23 | 31.8.22 |
£ | £ |
Bank loans |
10. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022: |
31.8.23 | 31.8.22 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
The loan attracts interest at the commercial rate and is fully repayable upon demand. |