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REGISTERED NUMBER: 06663022 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

LAKE INVESTMENTS NORTH WEST LIMITED

LAKE INVESTMENTS NORTH WEST LIMITED (REGISTERED NUMBER: 06663022)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAKE INVESTMENTS NORTH WEST LIMITED

Company Information
for the year ended 31 January 2024







Director: Raymond Chhung





Registered office: 6 Suite 59
6 Wilmslow Road
Manchester
M14 5TP





Registered number: 06663022 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

LAKE INVESTMENTS NORTH WEST LIMITED (REGISTERED NUMBER: 06663022)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 5 2,287,000 2,287,000

Current assets
Debtors 6 127,731 -
Cash at bank 3,664 1,700
131,395 1,700
Creditors
Amounts falling due within one year 7 596,932 522,067
Net current liabilities (465,537 ) (520,367 )
Total assets less current liabilities 1,821,463 1,766,633

Creditors
Amounts falling due after more than one
year

8

(1,184,395

)

(1,118,824

)

Provisions for liabilities (35,769 ) (35,769 )
Net assets 601,299 612,040

Capital and reserves
Called up share capital 10 3 3
Fair value reserve 11 493,060 493,060
Retained earnings 108,236 118,977
Shareholders' funds 601,299 612,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LAKE INVESTMENTS NORTH WEST LIMITED (REGISTERED NUMBER: 06663022)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Raymond Chhung - Director


LAKE INVESTMENTS NORTH WEST LIMITED (REGISTERED NUMBER: 06663022)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Lake Investments North West 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. Employees and directors

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

5. Investment property
Total
£
Fair value
At 1 February 2023
and 31 January 2024 2,287,000
Net book value
At 31 January 2024 2,287,000
At 31 January 2023 2,287,000

The investment properties class of fixed assets were revalued on 31 January 2023 by the director who is internal to the company. The basis of this valuation was open market value with existing use. This class of assets has a current value of £2,287,000 (2023 - £2,287,000) and a carrying amount at historical cost of £1,793,940 (2023 - £1,793,940).

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 127,731 -

LAKE INVESTMENTS NORTH WEST LIMITED (REGISTERED NUMBER: 06663022)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 35,793 47,126
Taxation and social security 25,747 39,056
Other creditors 535,392 435,885
596,932 522,067

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 1,184,395 1,118,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 1 255,731 275,849
Bank loan 2 156,170 165,598
411,901 441,447

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 1,220,188 1,165,950

The bank loans and overdrafts are secured by fixed and floating charges over all the assets of the company.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3 Ordinary shares of £1 each 3 3

11. Reserves
Fair value
reserve
£
At 1 February 2023
and 31 January 2024 493,060