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REGISTERED NUMBER: 10058083 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

FOR

LAKEVIEW COMMERCIAL TWO LIMITED

LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAKEVIEW COMMERCIAL TWO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023







DIRECTORS: J Schreiber
D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 10058083 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 17.9.22
Notes £    £   
FIXED ASSETS
Investment property 4 2,126,120 2,126,120

CURRENT ASSETS
Debtors 5 1,792,246 1,728,187
Cash at bank and in hand 6,784 24,651
1,799,030 1,752,838
CREDITORS
Amounts falling due within one year 6 (1,334,332 ) (1,346,590 )
NET CURRENT ASSETS 464,698 406,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,590,818

2,532,368

CREDITORS
Amounts falling due after more than one
year

7

(993,371

)

(1,015,234

)
NET ASSETS 1,597,447 1,517,134

CAPITAL AND RESERVES
Called up share capital 8 29,004 29,004
Revaluation reserve 9 11,611 11,611
Other reserves 9 1,362,330 1,362,330
Retained earnings 9 194,502 114,189
SHAREHOLDERS' FUNDS 1,597,447 1,517,134

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 10 September 2024 and were signed on its behalf by:





D Schreiber - Director


LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Lakeview Commercial Two 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 18 September 2022
and 30 September 2023 2,126,120
NET BOOK VALUE
At 30 September 2023 2,126,120
At 17 September 2022 2,126,120

LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

4. INVESTMENT PROPERTY - continued

The director has confirmed that there is no significant change in the market value of the properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 17.9.22
£    £   
Amounts owed by group undertakings 35 -
Amounts owed by participating interests 5,405 5,405
Other debtors 1,786,806 1,722,782
1,792,246 1,728,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 17.9.22
£    £   
Bank loans and overdrafts 26,667 36,667
Trade creditors 41,187 44,342
Amounts owed to group undertakings 233 -
Amounts owed to participating interests 1,012,777 1,012,777
Taxation and social security 22,082 21,478
Other creditors 231,386 231,326
1,334,332 1,346,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 17.9.22
£    £   
Bank loans 993,371 1,015,234

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 993,371 1,015,234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 17.9.22
value: £    £   
29,004 Ordinary £1 29,004 29,004

9. RESERVES
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 18 September 2022 131,218 11,611 1,362,330 1,505,159
Profit for the period 63,284 63,284
At 30 September 2023 194,502 11,611 1,362,330 1,568,443

LAKEVIEW COMMERCIAL TWO LIMITED (REGISTERED NUMBER: 10058083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

10. RELATED PARTY DISCLOSURES

Other debtors (Note 5) include amounts totalling £1,703,193 (2019 - £798) due from connected undertakings which are repayable on demand. These are companies of which the directors and/or members of their families are directors and/or shareholders