Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03788959 2023-01-01 2023-12-31 03788959 2022-01-01 2022-12-31 03788959 2023-12-31 03788959 2022-12-31 03788959 2022-01-01 03788959 c:Director1 2023-01-01 2023-12-31 03788959 d:MotorVehicles 2023-01-01 2023-12-31 03788959 d:FurnitureFittings 2023-01-01 2023-12-31 03788959 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03788959 d:OtherPropertyPlantEquipment 2023-12-31 03788959 d:OtherPropertyPlantEquipment 2022-12-31 03788959 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03788959 d:CurrentFinancialInstruments 2023-12-31 03788959 d:CurrentFinancialInstruments 2022-12-31 03788959 d:Non-currentFinancialInstruments 2023-12-31 03788959 d:Non-currentFinancialInstruments 2022-12-31 03788959 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03788959 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03788959 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03788959 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03788959 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 03788959 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 03788959 d:ShareCapital 2023-12-31 03788959 d:ShareCapital 2022-12-31 03788959 d:ShareCapital 2022-01-01 03788959 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03788959 d:RetainedEarningsAccumulatedLosses 2023-12-31 03788959 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 03788959 d:RetainedEarningsAccumulatedLosses 2022-12-31 03788959 d:RetainedEarningsAccumulatedLosses 2022-01-01 03788959 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03788959 c:OrdinaryShareClass1 2023-12-31 03788959 c:OrdinaryShareClass1 2022-12-31 03788959 c:FRS102 2023-01-01 2023-12-31 03788959 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03788959 c:FullAccounts 2023-01-01 2023-12-31 03788959 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03788959 d:Associate1 2023-01-01 2023-12-31 03788959 d:Associate1 2022-01-01 2022-12-31 03788959 d:Associate1 2023-12-31 03788959 d:Associate1 2022-12-31 03788959 d:Associate2 2023-01-01 2023-12-31 03788959 d:Associate2 2022-01-01 2022-12-31 03788959 d:Associate3 2023-12-31 03788959 d:Associate3 2022-12-31 03788959 2 2023-01-01 2023-12-31 03788959 d:Associate1 2023-01-01 2023-12-31 03788959 d:Associate1 1 2023-01-01 2023-12-31 03788959 d:Associate2 2023-01-01 2023-12-31 03788959 d:Associate2 1 2023-01-01 2023-12-31 03788959 d:Associate3 2023-01-01 2023-12-31 03788959 d:Associate3 1 2023-01-01 2023-12-31 03788959 d:Associate4 2023-01-01 2023-12-31 03788959 d:Associate4 1 2023-01-01 2023-12-31 03788959 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03788959









LIGHTHOUSE DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LIGHTHOUSE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03788959

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
As restated
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,432
9,162

Investments
 5 
199
149

  
15,631
9,311

Current assets
  

Stocks
 6 
97,939
72,500

Debtors due after more than 1 year
 7 
48,978
61,317

Debtors due within 1 year
 7 
219,987
525,962

Cash at bank and in hand
 8 
54,996
3,402

  
421,900
663,181

Creditors: amounts falling due within one year
 9 
(165,837)
(81,750)

Net current assets
  
 
 
256,063
 
 
581,431

Creditors: amounts falling due after more than one year
 10 
(10,649)
(15,204)

  

Net assets
  
261,045
575,538


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
260,945
575,438

  
261,045
575,538


Page 1

 
LIGHTHOUSE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03788959

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




G F Thomas
Director

Date: 17 September 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
711,321
711,421


Comprehensive income for the year

Loss for the year
-
(75,883)
(75,883)

Dividends: Equity capital (as restated)
-
(60,000)
(60,000)



At 1 January 2023 (as restated)
100
575,438
575,538



Loss for the year
-
(254,493)
(254,493)

Dividends: Equity capital
-
(60,000)
(60,000)


At 31 December 2023
100
260,945
261,045


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lighthouse Developments Limited is a private Company, limited by shares, and is incorporated in England and Wales. The registration number is 03788959 and the address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4BH.
The financial statements are presented in sterling which is the functional currency of the Company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
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.

Page 4

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Motor vehicles
-
20%
on cost
Fixtures and fittings
-
25%
reducing balance

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.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 January 2023
30,617


Additions
16,365


Disposals
(12,325)



At 31 December 2023

34,657



Depreciation


At 1 January 2023
21,455


Charge for the year on owned assets
6,481


Disposals
(8,711)



At 31 December 2023

19,225



Net book value



At 31 December 2023
15,432



At 31 December 2022
9,162

Page 6

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in associates

£



Cost


At 1 January 2023
149


Additions
50



At 31 December 2023
199





Associates


The following were associates of the company:


Name

Class of shares

Holding

Aroncorp Limited
'A' Ordinary
50%
Aroncorp Limited
'B' Ordinary
50%
Landstone Limited
Ordinary
25%
Land Regeneration Ltd
Ordinary
50%


6.


Stocks

2023
2022
£
£

Work in progress (property developments)
97,939
72,500



7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
48,978
61,317

48,978
61,317

Due within one year

Amounts owed by joint ventures and associated undertakings
-
178,050

Other debtors
216,158
227,912

Prepayments and accrued income
3,829
120,000

268,965
587,279


Page 7

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
54,996
3,402



9.


Creditors: Amounts falling due within one year

2023
2022
As restated
£
£

Bank loans
7,942
6,211

Trade creditors
42,696
3,599

Amounts owed to other participating interests
104,065
68,740

Other taxation and social security
7,684
-

Accruals and deferred income
3,450
3,200

165,837
81,750



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,649
15,204



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,942
6,211

Amounts falling due 1-2 years

Bank loans
10,649
15,204



18,591
21,415


Page 8

 
LIGHTHOUSE DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



13.


Prior year adjustment

A prior year adjustment of £60,000 has been made to reflect the payment of a dividend omitted from during the year ended 31 December 2022.  The result of this is that it reduces the net assets at 31 December 2022 by £60,000 and increases dividends by the same sum in the year then ended. 


14.


Related party transactions

During the year the company received management fees of £- (2022 - 120,000) and interest of £- (2022 - £13,200) from participating interests. Of the management fees, £- (2022 - 120,000) had been accrued but not invoiced and is included in other debtors. The amount due to participating interests at the balance sheet date was £54,485 (2022 – £68,740). The amount owed to participating interests is unsecured, interest free and due within one year. 
The amount owed by participating interests of £- (2022 - £178,050) is unsecured and beared interest at 6% per annum (2022 – 6%) and was due within one year. Outstanding amounts receivable for accrued interest of £272,748 (2022 - £272,748), have been fully impaired and these sums include £- (2022 - £13,200) impaired in the current year.  


Page 9