Registered number
12388383
LHAPC Ltd
Unaudited Filleted Accounts
31 March 2024
LHAPC Ltd
Registered number: 12388383
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 696,464 721,339
Current assets
Debtors 4 42,680 55,000
Cash at bank and in hand 156,073 132,204
198,753 187,204
Creditors: amounts falling due within one year 5 (765,661) (836,470)
Net current liabilities (566,908) (649,266)
Total assets less current liabilities 129,556 72,073
Provisions for liabilities (22,408) -
Net assets 107,148 72,073
Capital and reserves
Called up share capital 100 100
Profit and loss account 107,048 71,973
Shareholders' funds 107,148 72,073
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. Epps
Director
Approved by the board on 24 September 2024
LHAPC Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 20 years
Fixtures, fittings, tools and equipment over 3-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 833,863 29,877 863,740
Additions 20,587 3,198 23,785
At 31 March 2024 854,450 33,075 887,525
Depreciation
At 1 April 2023 124,110 18,291 142,401
Charge for the year 42,904 5,756 48,660
At 31 March 2024 167,014 24,047 191,061
Net book value
At 31 March 2024 687,436 9,028 696,464
At 31 March 2023 709,753 11,586 721,339
4 Debtors 2024 2023
£ £
Trade debtors 42,580 54,900
Other debtors 100 100
42,680 55,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,230 8,564
Other creditors 762,431 827,906
765,661 836,470
6 Other information
LHAPC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Eastnor Road
Reigate
RH2 8NE
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