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REGISTERED NUMBER: 06421084 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Lpguk Limited

Lpguk Limited (Registered number: 06421084)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Lpguk Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: A C Cooper





SECRETARY: H Cooper





REGISTERED OFFICE: 1 Trafford Road
Eccles
Lancashire
M30 0JX





REGISTERED NUMBER: 06421084 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Lpguk Limited (Registered number: 06421084)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Cash at bank 11,050 3,941

CREDITORS
Amounts falling due within one year 5 (28,068 ) (28,503 )
NET CURRENT LIABILITIES (17,018 ) (24,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,982

175,438

CAPITAL AND RESERVES
Called up share capital 6 100 100
Non-distributable reserves 7 38,379 38,379
Retained earnings 7 144,503 136,959
SHAREHOLDERS' FUNDS 182,982 175,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 October 2024 and were signed by:





A C Cooper - Director


Lpguk Limited (Registered number: 06421084)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Lpguk 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 in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Having reviewed the future cash flows of the business, the director is satisfied that the company will have adequate resources to meet its liabilities as they fall due. On this basis, the director believes it appropriate to prepare the accounts on a going concern basis.

Investment property
Investment properties are initially measured at cost plus costs directly attributable to the acquisition. Subsequent measurement is with reference to fair value with any increases credited to the Income Statement and transferred to a non-distributable reserve. Any diminution in fair value, below that of amounts already credited to this reserve, are charged to the Income Statement. Any increases in property values which were previously charged to the Income Statement are credited from the Income Statement to the extent that the original charge is reversed.

Turnover
Turnover represents net invoiced rental income excluding value added tax.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 200,000
NET BOOK VALUE
At 30 June 2024 200,000
At 30 June 2023 200,000

Lpguk Limited (Registered number: 06421084)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£
Valuation in 2018 3,379
Valuation in 2020 35,000
Cost 161,621
200,000

During 2020, the director took professional advice from an estate agent and revalued the assets within investment properties accordingly. At the year end a review was undertaken and the values reflect their fair values at the reporting date.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 1,037
Taxation and social security 2,482 2,050
Other creditors 25,586 25,416
28,068 28,503

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

7. RESERVES
Retained Non-distributable
earnings reserves Totals
£ £ £

At 1 July 2023 136,959 38,379 175,338
Profit for the year 7,544 - 7,544
At 30 June 2024 144,503 38,379 182,882

Non-distributable reserves hold revaluation movements on the investment properties held, net of deferred tax.

During the year, revaluation gains net of deferred tax were transferred from retained earnings to the non-distributable reserve.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lpguk Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lpguk Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lpguk Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lpguk Limited and state those matters that we have agreed to state to the director of Lpguk Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lpguk Limited and its director for our work or for this report.

It is your duty to ensure that Lpguk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lpguk Limited. You consider that Lpguk Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lpguk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


10 October 2024