Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activityfalse22023-04-012truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03001563 2023-04-01 2024-03-31 03001563 2022-04-01 2023-03-31 03001563 2024-03-31 03001563 2023-03-31 03001563 c:Director1 2023-04-01 2024-03-31 03001563 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 03001563 d:CurrentFinancialInstruments 2024-03-31 03001563 d:CurrentFinancialInstruments 2023-03-31 03001563 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03001563 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03001563 d:ShareCapital 2024-03-31 03001563 d:ShareCapital 2023-03-31 03001563 d:RetainedEarningsAccumulatedLosses 2024-03-31 03001563 d:RetainedEarningsAccumulatedLosses 2023-03-31 03001563 c:FRS102 2023-04-01 2024-03-31 03001563 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03001563 c:FullAccounts 2023-04-01 2024-03-31 03001563 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03001563 2 2023-04-01 2024-03-31 03001563 3 2024-03-31 03001563 3 2023-03-31 03001563 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03001563










LEXUS (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LEXUS (HOLDINGS) LIMITED
REGISTERED NUMBER: 03001563

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 3 
909,815
930,583

  
909,815
930,583

Current assets
  

Debtors: amounts falling due within one year
 4 
55,000
51,999

Cash at bank and in hand
  
45,200
25,431

  
100,200
77,430

Creditors: amounts falling due within one year
 5 
(13,320)
(12,519)

Net current assets
  
 
 
86,880
 
 
64,911

Total assets less current liabilities
  
996,695
995,494

  

Net assets
  
996,695
995,494


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
996,595
995,394

  
996,695
995,494


Page 1

 
LEXUS (HOLDINGS) LIMITED
REGISTERED NUMBER: 03001563
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 income statement 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 1 September 2024.




Mr M R Adam
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Lexus (Holdings) Ltd is a private company, limited by share capital, incorporated in England and Wales under registration number 03001563. The address of the registered office is Level 5A, Maple Hosue, 149 Tottenham Court Road, London W1T 7NF.

2.Accounting policies

 
2.1

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:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

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.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
2%
Straight line

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.

Page 3

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.5

Investment properties

Investment properties is carried at fair value which, in director's opinion, is not materially different from market value. Changes in fair value are recognised in the Profit and loss account. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.


3.


Fixed asset investments





Investment Leasehold properties

£



Cost or valuation


At 1 April 2023
1,038,402



At 31 March 2024

1,038,402



Impairment


At 1 April 2023
107,819


Charge for the period
20,768



At 31 March 2024

128,587



Net book value



At 31 March 2024
909,815



At 31 March 2023
930,583

Page 4

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Amounts owed by associated company
55,000
51,999

55,000
51,999



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,153
4,745

Directors' loan account
6,187
5,794

Accruals and deferred income
1,980
1,980

13,320
12,519



6.


Controlling party

The company is a 100% subsidiary of Lexus (Parent) Limited, a company incorporated in the United Kingdom.
The parent company, Lexus (Parent) Limited, is under the control of the directors, Mr M R Adam (51% shares) and Mrs Z Adam (49% shares), by virtue of the fact that between them they own 100% of the issued share capital of the company.

 
Page 5