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REGISTERED NUMBER: SC651897 (Scotland)




















Lighthouse Workspace Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Lighthouse Workspace Limited (Registered number: SC651897)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lighthouse Workspace Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A T Hadden
N C Watson





REGISTERED OFFICE: The Lighthouse
Unit 2
Heugh Road Industrial Estate
North Berwick
East Lothian
EH39 5PX





REGISTERED NUMBER: SC651897 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

Lighthouse Workspace Limited (Registered number: SC651897)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 4 136,135 134,502
NET CURRENT LIABILITIES (136,135 ) (134,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(136,135

)

(134,502

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (136,235 ) (134,602 )
(136,135 ) (134,502 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 August 2024 and were signed on its behalf by:





N C Watson - Director


Lighthouse Workspace Limited (Registered number: SC651897)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lighthouse Workspace Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents invoiced consultancy fees. Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
All loans with related parties are repayable on demand.

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.

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.

Lighthouse Workspace Limited (Registered number: SC651897)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
It is expected that the company will continue to trade for at least 12 months following the signing of the financial statements. The company will continue to receive support from its immediate parent company Tartan Commercial Limited.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Government grants
Government grants in relation to tangible fixed asset are credited to the profit and loss account
over the useful lives of the related assets, whereas those in relation to expenditure are credited
when the expenditure is charged to profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,423 1,764
Other creditors 133,712 132,738
136,135 134,502

5. ULTIMATE CONTROLLING PARTY

The controlling party is Chardon Commercial Properties Limited.

Included within other creditors is an amount of £132,512 (2022 - £131,538), due to its immediate parent company Tartan Commercial Limited.