Company registration number 12476376 (England and Wales)
3 L C HOLDINGS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
3 L C HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr L Tanton
Mr L A Tanton
Mr C B Fitzgerald
Mr L B Ginger
Company number
12476376
Registered office
4 Bloors Lane
Rainham
Gillingham
Kent
ME8 7EG
Accountants
J.A.D. Associates Ltd
4 Bloors Lane
Rainham
Kent
ME8 7EG
3 L C HOLDINGS LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Statement of comprehensive income
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 9
Accountants' report
10
3 L C HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2024.

Principal activities

The principal activity of the company continued to be that of Investment Holding company.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr L Tanton
Mr L A Tanton
Mr C B Fitzgerald
Mr L B Ginger
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr C B Fitzgerald
Director
29 October 2024
3 L C HOLDINGS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(725)
(1,761)
Operating loss
(725)
(1,761)
Interest receivable and similar income
4
135,685
344,774
Profit before taxation
134,960
343,013
Tax on profit
-
0
-
0
Profit for the financial year
134,960
343,013

The profit and loss account has been prepared on the basis that all operations are continuing operations.

3 L C HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2024
2023
£
£
Profit for the year
134,960
343,013
Other comprehensive income
-
-
Total comprehensive income for the year
134,960
343,013
3 L C HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
6
1,253
1,253
Current assets
Debtors
8
20,000
-
0
Creditors: amounts falling due within one year
9
(23,635)
(2,914)
Net current liabilities
(3,635)
(2,914)
Net liabilities
(2,382)
(1,661)
Capital and reserves
Called up share capital
10
104
100
Profit and loss reserves
(2,486)
(1,761)
Total equity
(2,382)
(1,661)

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 October 2024 and are signed on its behalf by:
Mr C B Fitzgerald
Director
Company registration number 12476376 (England and Wales)
3 L C HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2022
-
0
-
0
-
Year ended 31 March 2023:
Profit and total comprehensive income
-
343,013
343,013
Issue of share capital
10
100
-
100
Dividends
5
-
(344,774)
(344,774)
Balance at 31 March 2023
100
(1,761)
(1,661)
Year ended 31 March 2024:
Profit and total comprehensive income
-
134,960
134,960
Issue of share capital
10
4
-
4
Dividends
5
-
(135,685)
(135,685)
Balance at 31 March 2024
104
(2,486)
(2,382)
3 L C HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
1
Accounting policies
Company information

3 L C Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Bloors Lane, Rainham, Gillingham, Kent, ME8 7EG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3 L C HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3 L C HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
-
0
4
Interest receivable and similar income
2024
2023
£
£
Income from fixed asset investments
Income from shares in group undertakings
135,685
344,774
5
Dividends
2024
2023
£
£
Final paid
-
0
344,774
Interim paid
135,685
-
0
135,685
344,774
6
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
7
1,253
1,253
7
Subsidiaries

Details of the company's subsidiaries at 31 March 2024 are as follows:

3 L C HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Subsidiaries
(Continued)
- 9 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
TBL Property Services Ltd
U.K.
Ordinary shares
100.00
Trident Environmental Solutions Ltd
U.K.
Ordinary shares
60.00
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
20,000
-
0
9
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
600
-
0
Amounts owed to group undertakings
1,227
1,227
Other creditors
21,083
1,087
Accruals and deferred income
725
600
23,635
2,914
10
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
104
100
104
100
3 L C HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 3 L C HOLDINGS LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 10 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 3 L C Holdings Limited for the year ended 31 March 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of 3 L C Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of 3 L C Holdings Limited and state those matters that we have agreed to state to the board of directors of 3 L C Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3 L C Holdings Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that 3 L C Holdings 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 3 L C Holdings Limited. You consider that 3 L C Holdings 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 3 L C Holdings 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.

J.A.D. Associates Ltd
28 October 2024
Chartered Accountants
4 Bloors Lane
Rainham
Kent
ME8 7EG
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