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COMPANY REGISTRATION NUMBER: 05532944
SPV 1023J LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
25 August 2022
SPV 1023J LTD
STATEMENT OF FINANCIAL POSITION
25 August 2022
25 Aug 22
26 Aug 21
Note
£
£
£
Current assets
Debtors
5
1,557,421
1,564,045
Cash at bank and in hand
341
198
-------------
-------------
1,557,762
1,564,243
Creditors: amounts falling due within one year
6
42,100
44,718
-------------
-------------
Net current assets
1,515,662
1,519,525
-------------
-------------
Total assets less current liabilities
1,515,662
1,519,525
-------------
-------------
Net assets
1,515,662
1,519,525
-------------
-------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,515,660
1,519,523
-------------
-------------
Shareholders funds
1,515,662
1,519,525
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 25 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SPV 1023J LTD
STATEMENT OF FINANCIAL POSITION (continued)
25 August 2022
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mr L J Cottingham
Director
Company registration number: 05532944
SPV 1023J LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 27 AUGUST 2021 TO 25 AUGUST 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. Reversal of interest charges
Interest charges totalling £13,836, which were previously provided in the accounts for the period ended 26 August 2020, were reversed in the previous year's accounts as non-payable.
5. Debtors
25 Aug 22
26 Aug 21
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,548,783
Other debtors
8,638
1,564,045
-------------
-------------
1,557,421
1,564,045
-------------
-------------
6. Creditors: amounts falling due within one year
25 Aug 22
26 Aug 21
£
£
Corporation tax
19,331
30,732
Social security and other taxes
2,435
Other creditors
22,769
11,551
---------
---------
42,100
44,718
---------
---------
7. Controlling party
The ultimate parent company is LC365 Ltd who own all of the company's issued share capital. A dividend of £1,529,939 was voted to LC365 Ltd on 6th March 2023 to exhaust the company's retained earnings at that date. At the balance sheet date, the company was owed £26,925 by LC365 Ltd (2022: £1,548,783).