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REGISTERED NUMBER: 12452986 (England and Wales)












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: Mr J S Zemmel
Mrs N B Zemmel





Registered office: Highbury
19 Hill Top
Hale
Altrincham
WA15 0NN





Registered number: 12452986 (England and Wales)





Accountants: Warr & Co Limited
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 3,394 3,875
Investments 5 - 1,750
Investment property 6 495,507 495,507
498,901 501,132

Current assets
Debtors 7 9,711 4,229
Cash at bank 500,000 1,295
509,711 5,524
Creditors
Amounts falling due within one year 8 56,100 24,744
Net current assets/(liabilities) 453,611 (19,220 )
Total assets less current liabilities 952,512 481,912

Creditors
Amounts falling due after more than one
year

9

18,897

28,898
Net assets 933,615 453,014

Capital and reserves
Called up share capital 10 10
Retained earnings 933,605 453,004
933,615 453,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lapwing Lane Holdings Ltd (Registered number: 12452986)

Balance Sheet - continued
31 August 2023


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 29 August 2024 and were signed on its behalf by:





Mr J S Zemmel - Director


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 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.

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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 September 2022
and 31 August 2023 4,805
Depreciation
At 1 September 2022 930
Charge for year 481
At 31 August 2023 1,411
Net book value
At 31 August 2023 3,394
At 31 August 2022 3,875

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 1,750
Disposals (1,750 )
At 31 August 2023 -
Net book value
At 31 August 2023 -
At 31 August 2022 1,750

6. Investment property
Total
£   
Fair value
At 1 September 2022
and 31 August 2023 495,507
Net book value
At 31 August 2023 495,507
At 31 August 2022 495,507

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 2,000 2,000
Amounts owed by group undertakings 143 143
Other debtors 7,568 2,086
9,711 4,229

8. Creditors: amounts falling due within one year
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 3,731 10,964
Other creditors 42,369 3,780
56,100 24,744

9. Creditors: amounts falling due after more than one year
31.8.23 31.8.22
£    £   
Bank loans 18,897 28,898

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
£    £   
Mr J S Zemmel
Balance outstanding at start of year (1,601 ) 38,670
Amounts advanced 118,792 105,896
Amounts repaid (117,191 ) (146,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,601 )

The loan attracts interest at the commercial rate and is fully repayable upon demand.