Caseware UK (AP4) 2023.0.135 2023.0.135 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01true2Holding company2 10073759 2023-04-01 2024-03-31 10073759 2024-03-31 10073759 2022-04-01 2023-03-31 10073759 2023-03-31 10073759 c:Director1 2023-04-01 2024-03-31 10073759 d:CurrentFinancialInstruments 2024-03-31 10073759 d:CurrentFinancialInstruments 2023-03-31 10073759 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10073759 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10073759 d:ShareCapital 2024-03-31 10073759 d:ShareCapital 2023-03-31 10073759 d:RetainedEarningsAccumulatedLosses 2024-03-31 10073759 d:RetainedEarningsAccumulatedLosses 2023-03-31 10073759 c:FRS102 2023-04-01 2024-03-31 10073759 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10073759 c:FullAccounts 2023-04-01 2024-03-31 10073759 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10073759 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10073759













LATO Holdings Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
LATO Holdings Ltd


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
 5 
93,673
193,673

Bank and cash balances
  
194
344

  
93,867
194,017

Creditors: amounts falling due within one year
 6 
(117,315)
(204,806)

Net current liabilities
  
 
 
(23,448)
 
 
(10,789)

Total assets less current liabilities
  
(23,348)
(10,689)

  

Net liabilities
  
(23,348)
(10,689)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(23,448)
(10,789)

Shareholders' deficit
  
(23,348)
(10,689)


1

 
LATO Holdings Ltd

    
Balance sheet (continued)
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 profit and loss account 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 2 October 2024.




Mr M Clare
Director

Company registered number: 10073759
The notes on pages 3 to 4 form part of these financial statements. 

2

 
LATO Holdings Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is The Old Rectory, Northorpe Road, Halton Holegate, Lincolnshire, PE23 5NZ, United Kingdom. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.3

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
 
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023: 2).

3

 
LATO Holdings Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
100



At 31 March 2024
100





5.


Debtors

2024
2023
£
£


Other debtors
93,673
193,673

93,673
193,673



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
115,580
203,083

Accruals and deferred income
1,735
1,723

117,315
204,806



7.


Related party transactions

The company owns 100% of the issued share capital of Drayton Norwich Limited, a company registered in England and Wales.
During the year the company operated an intercompany account with Drayton Norwich Limited to record amounts due to and from the subsidiary. At 31 March 2024 the company was owed £93,673 (2023: £193,673).
During the year the company operated an intercompany account with Lincoln Orthodontics Limited to record amounts due to and from the company. At 31 March 2024 the company owed Lincoln Orthodontics £93,794 (2023: £193,794).

 
4