LP 65 Limited 14635358 false 2023-02-02 2024-02-28 2024-02-28 The principal activity of the company is sports coaching. Digita Accounts Production Advanced 6.30.9574.0 true 14635358 2023-02-02 2024-02-28 14635358 2024-02-28 14635358 core:RetainedEarningsAccumulatedLosses 2024-02-28 14635358 core:ShareCapital 2024-02-28 14635358 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 14635358 bus:SmallEntities 2023-02-02 2024-02-28 14635358 bus:AuditExemptWithAccountantsReport 2023-02-02 2024-02-28 14635358 bus:FilletedAccounts 2023-02-02 2024-02-28 14635358 bus:SmallCompaniesRegimeForAccounts 2023-02-02 2024-02-28 14635358 bus:RegisteredOffice 2023-02-02 2024-02-28 14635358 bus:Director1 2023-02-02 2024-02-28 14635358 bus:PrivateLimitedCompanyLtd 2023-02-02 2024-02-28 14635358 countries:EnglandWales 2023-02-02 2024-02-28 iso4217:GBP xbrli:pure

Registration number: 14635358

LP 65 Limited

Unaudited Financial Statements

for the Period from 2 February 2023 to 28 February 2024

 

LP 65 Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

LP 65 Limited

Company Information

Director

Mr L P Phillips

Registered office

18 The Avenue
Clevedon
Somerset
BS21 7EA

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

LP 65 Limited

(Registration number: 14635358)
Balance Sheet as at 28 February 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

3,411

Creditors: Amounts falling due within one year

4

(1,908)

Net assets

 

1,503

Capital and reserves

 

Called up share capital

5

1

Retained earnings

1,502

Shareholders' funds

 

1,503

For the financial period ending 28 February 2024 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2024
 

.........................................
Mr L P Phillips
Director

 

LP 65 Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 The Avenue
Clevedon
Somerset
BS21 7EA

These financial statements were authorised for issue by the director on 29 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

LP 65 Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 28 February 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

LP 65 Limited

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 28 February 2024

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

714

Accruals and deferred income

600

Other creditors

594

1,908

5

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

1

1

   

During the year one ordinary share has been allotted at par value.