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REGISTERED NUMBER: 06390547 (England and Wales)

























Financial Statements

for the Year Ended 31 December 2023

for

Lansdown Place Group Holdings Limited

Lansdown Place Group Holdings Limited (Registered number: 06390547)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lansdown Place Group Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs N C Mould
C Lawson
G Lewis





SECRETARY: Mrs N C Mould





REGISTERED OFFICE: 2 Oakfield Road
Clifton
Bristol
BS8 2AL





REGISTERED NUMBER: 06390547 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Lansdown Place Group Holdings Limited (Registered number: 06390547)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 120 120

CURRENT ASSETS
Debtors 5 16,495 44,935

CREDITORS
Amounts falling due within one year 6 1,161,076 1,189,516
NET CURRENT LIABILITIES (1,144,581 ) (1,144,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,144,461

)

(1,144,461

)

CREDITORS
Amounts falling due after more than one
year

7

239,950

239,950
NET LIABILITIES (1,384,411 ) (1,384,411 )

CAPITAL AND RESERVES
Called up share capital 1,184 1,184
Share premium 164,934 164,934
Retained earnings (1,550,529 ) (1,550,529 )
SHAREHOLDERS' FUNDS (1,384,411 ) (1,384,411 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2024 and were signed on its behalf by:



Mrs N C Mould - Director


Lansdown Place Group Holdings Limited (Registered number: 06390547)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lansdown Place Group Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention, on a going concern basis and in accordance with Financial Reporting Standard 102 (FRS 102), 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland', and the Companies Act 2006.

The Directors believe that preparing the financial statements on the going concern basis is appropriate due to the financial support of a parent company LP Holdco Limited. The Directors have received confirmation that LP Holdco Limited intend to support the Company for a period of at least one year from the date these financial statements are signed.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. No significant accounting judgements have been made.

The principal accounting policies, which have been applied consistently throughout the period, are set out below.

Financial instruments
The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets
The Company classifies all of its financial assets as financial assets held at amortised cost.

At amortised cost
Financial assets held at amortised cost are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services to customers (e.g. trade receivables), but also incorporate other types of contractual and monetary asset. They are initially recognised at fair value plus transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment.

Financial assets held at amortised cost are impaired using an expected credit loss model. Expected credit losses are based on the historic levels of loss experienced for the financial assets, with due consideration given to the forward looking information.

Financial liabilities
The Company classifies all of its financial liabilities as liabilities at amortised cost.

At amortised cost
Financial liabilities at amortised cost are initially recognised at fair value net of any transactions costs directly attributable to the issue of the instrument. Such interest-bearing liabilities are subsequently measured at amortised cost using the effective interest rate method, which ensures that any interest expense over the period to repayment is at a constant rate on the balance of the liability carried into the Statement of Financial Position.


Lansdown Place Group Holdings Limited (Registered number: 06390547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Tax is recognised in the Statement of Comprehensive Income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom, where the Company operates and generates income.

Investments in subsidiaries
Investments in subsidiary companies are held at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 120
NET BOOK VALUE
At 31 December 2023 120
At 31 December 2022 120

Investments in subsidiary companies are held at cost less accumulated impairment losses. Cost represents the amount paid in cash and deferred consideration.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 9,810 38,250
Other debtors 6,685 6,685
16,495 44,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 28,440
Amounts owed to group undertakings 1,161,076 1,161,076
1,161,076 1,189,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 239,950 239,950

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 239,950 239,950

Lansdown Place Group Holdings Limited (Registered number: 06390547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

LP Financial Management Limited incurred expenses of £Nil (2022 - £Nil) on behalf of the company which were recharged back to lansdown Place Group Holdings Limited.

At 31 December 2023, the following amounts were outstanding:
2023 2021
£    £   

Intra-Group payables
LP Financial Management Limited 528,922 518,361
LP Holdco Limited 632,155 632,155
1,161,077 1,150,516
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

2022 2021
£    £   

Intra-Group receivables
LP Wealth Management Limited 9,810 -
9,810 -
Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

NCG Group Holdings Ltd is the single ultimate controlling party.