Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31falseNo description of principal activity2023-09-0100falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04263472 2023-09-01 2024-08-31 04263472 2022-09-01 2023-08-31 04263472 2024-08-31 04263472 2023-08-31 04263472 2022-09-01 04263472 5 2023-09-01 2024-08-31 04263472 d:Director3 2023-09-01 2024-08-31 04263472 e:Buildings 2023-09-01 2024-08-31 04263472 e:Buildings 2024-08-31 04263472 e:Buildings 2023-08-31 04263472 e:CurrentFinancialInstruments 2024-08-31 04263472 e:CurrentFinancialInstruments 2023-08-31 04263472 e:CurrentFinancialInstruments e:WithinOneYear 2024-08-31 04263472 e:CurrentFinancialInstruments e:WithinOneYear 2023-08-31 04263472 e:ShareCapital 2023-09-01 2024-08-31 04263472 e:ShareCapital 2024-08-31 04263472 e:ShareCapital 2022-09-01 2023-08-31 04263472 e:ShareCapital 2023-08-31 04263472 e:ShareCapital 2022-09-01 04263472 e:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 04263472 e:RetainedEarningsAccumulatedLosses 2024-08-31 04263472 e:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 04263472 e:RetainedEarningsAccumulatedLosses 2023-08-31 04263472 e:RetainedEarningsAccumulatedLosses 2022-09-01 04263472 d:FRS102 2023-09-01 2024-08-31 04263472 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04263472 d:FullAccounts 2023-09-01 2024-08-31 04263472 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04263472 f:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 04263472










LANTERN INVESTMENTS (HITCHIN) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
REGISTERED NUMBER: 04263472

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
250,000

  
-
250,000

Current assets
  

Cash at bank and in hand
  
289,139
19,470

  
289,139
19,470

Creditors: amounts falling due within one year
 5 
(14,721)
(55,481)

Net current assets/(liabilities)
  
 
 
274,418
 
 
(36,011)

Total assets less current liabilities
  
274,418
213,989

  

Net assets
  
274,418
213,989


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
274,018
213,589

  
274,418
213,989


Page 1

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
REGISTERED NUMBER: 04263472
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




B Smith
Director

The notes on pages 5 to 7 form part of these financial statements.

Page 2

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2023
400
213,589
213,989


Comprehensive income for the year

Profit for the year

-
137,497
137,497

Deficit on revaluation of freehold property
-
(77,068)
(77,068)


Other comprehensive income for the year
-
(77,068)
(77,068)


Total comprehensive income for the year
-
60,429
60,429


Total transactions with owners
-
-
-


At 31 August 2024
400
274,018
274,418


The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2022
400
198,078
198,478


Comprehensive income for the year

Profit for the year

-
15,511
15,511


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
15,511
15,511


Total transactions with owners
-
-
-


At 31 August 2023
400
213,589
213,989


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 countries where the Company operates and generates income.

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)


1.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, the freehold property is not depreciated.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Lantern Investments (Hitchin) Limited is a private company, limited by shares and incorporated in England.
Its registered number is 04263472
Its registered office address is:
Invision House
Wilbury Way
Hitchin
SG4 0TY


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
LANTERN INVESTMENTS (HITCHIN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Freehold property

£





At 1 September 2023
250,000


Disposals
(250,000)



At 31 August 2024

-






Net book value



At 31 August 2024
-



At 31 August 2023
250,000


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
373

Amounts owed to related companies and joint ventures
-
39,462

Corporation tax
9,488
3,638

Other taxation and social security
-
1,000

Other creditors
4,513
5,136

Accruals and deferred income
720
5,872

14,721
55,481


 
Page 7