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LBH Group Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 12697000

 

LBH Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

LBH Group Limited

Balance Sheet

31 March 2024

Note

31 March
2024
£

31 March
2023
£

Fixed assets

 

Investments

4

226,499

226,499

Current assets

 

Debtors

5

1

1

Net assets

 

226,500

226,500

Capital and reserves

 

Called up share capital

6

226,500

226,500

Shareholders' funds

 

226,500

226,500

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr J S Martin
Director

Company Registration Number: 12697000

 

LBH Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

Classification
The company holds short term other debtors with all financial instruments classified as basic.
 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

 

LBH Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investments

Subsidiary undertakings
£

Cost or valuation

At 1 April 2023

226,499

At 31 March 2024

226,499

Carrying amount

At 31 March 2024

226,499

At 31 March 2023

226,499

 

LBH Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Halco Products Limited

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

England and Wales

A Ordinary shares

100%

100%

OK Vape Limited*

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

England and Wales

Ordinary shares

100%

100%

Vape Products Limited*

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

England and Wales

Ordinary shares

100%

100%

OK CBD Limited*

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

England and Wales

Ordinary shares

100%

100%

* Held by Halco Products Limited.

The principal activity of Halco Products Limited is the wholesale of goods.

OK Vape Limited, Vape Products Limited and OK CBD Limited are dormant.

 

LBH Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

5

Debtors

31 March
2024
£

31 March
2023
£

Other debtors

1

1

1

1

6

Share capital

Allotted, called up and fully paid shares

 

31 March
2024

31 March
2023

 

No.

£

No.

£

A Ordinary of £1 each

11,500

11,500

11,500

11,500

Preference of £1 each

215,000

215,000

215,000

215,000

 

226,500

226,500

226,500

226,500