Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied: The following principal accounting policies have been applied:2023-03-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11203941 2023-03-01 2024-02-29 11203941 2022-03-01 2023-02-28 11203941 2024-02-29 11203941 2023-02-28 11203941 2023-03-01 11203941 2022-03-01 11203941 c:Director1 2023-03-01 2024-02-29 11203941 d:FreeholdInvestmentProperty 2023-03-01 2024-02-29 11203941 d:FreeholdInvestmentProperty 2024-02-29 11203941 d:FreeholdInvestmentProperty 2023-02-28 11203941 d:CurrentFinancialInstruments 2024-02-29 11203941 d:CurrentFinancialInstruments 2023-02-28 11203941 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11203941 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11203941 d:ShareCapital 2024-02-29 11203941 d:ShareCapital 2023-02-28 11203941 d:ShareCapital 2022-03-01 11203941 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 11203941 d:RetainedEarningsAccumulatedLosses 2024-02-29 11203941 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 11203941 d:RetainedEarningsAccumulatedLosses 2023-02-28 11203941 d:RetainedEarningsAccumulatedLosses 2022-03-01 11203941 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11203941 c:OrdinaryShareClass1 2024-02-29 11203941 c:OrdinaryShareClass1 2023-02-28 11203941 c:OrdinaryShareClass2 2023-03-01 2024-02-29 11203941 c:OrdinaryShareClass2 2024-02-29 11203941 c:OrdinaryShareClass2 2023-02-28 11203941 c:FRS102 2023-03-01 2024-02-29 11203941 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11203941 c:FullAccounts 2023-03-01 2024-02-29 11203941 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11203941 2 2023-03-01 2024-02-29 11203941 6 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11203941









LARKRISE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
LARKRISE INVESTMENTS LIMITED
REGISTERED NUMBER: 11203941

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
327,441
313,051

Investment property
 5 
-
25,000

  
327,441
338,051

Current assets
  

Debtors: amounts falling due within one year
 6 
28,651
-

Current asset investments
 7 
350,000
-

Cash at bank and in hand
 8 
877,546
4,590

  
1,256,197
4,590

Creditors: amounts falling due within one year
 9 
(303,698)
(37,385)

Net current assets/(liabilities)
  
 
 
952,499
 
 
(32,795)

Total assets less current liabilities
  
1,279,940
305,256

  

Net assets
  
1,279,940
305,256


Capital and reserves
  

Called up share capital 
 10 
325,000
325,000

Profit And Loss Account
 11 
954,940
(19,744)

  
1,279,940
305,256


Page 1

 
LARKRISE INVESTMENTS LIMITED
REGISTERED NUMBER: 11203941
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Alan Benton
Director

Date: 14 November 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
LARKRISE INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2022
325,000
(4,429)
320,571


Comprehensive income for the year

Loss for the year
-
(15,315)
(15,315)



At 1 March 2023
325,000
(19,744)
305,256


Comprehensive income for the year

Profit for the year
-
974,684
974,684


At 29 February 2024
325,000
954,940
1,279,940


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Larkrise Investments Limited is a limited company with shares, domiciled and incorporated in England and Wales. Company number 11203941. The registered office is Forvis Mazars, 30 Old Bailey, London, United Kingdom, EC4M 7AU.
The principal activity of the company is to be that of an investment company.
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 £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is deemed to be a going concern and therefore the accounts have been prepared on the going concern basis. The Director and parent company will pay liabilities as they fall due and fulfil negative reserves through the continued support of cash injections. On the basis of the above, the shareholders consider the Company to be a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
 

Page 4

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.3
Revenue (continued)

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

  
2.6

Investment property

The investment property is freehold land and is therefore held and measured at the initial cost to the company. No depreciation is provided.
The investment property has been disposed of in the year ending 29 February 2024 with the profit being recognised in the Statement of Comprehensive Income.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 6

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Fixed asset investments








Listed investments

£



Cost or valuation


At 1 March 2023
313,051


Additions
127,302


Disposals
(123,367)


Revaluations
10,455



At 29 February 2024
327,441





5.


Investment property





Freehold investment property

£





At 1 March 2023
25,000


Additions at cost
88,928


Disposals
(113,928)



At 29 February 2024
-

The additions being recognised relate to the development costs spent in preparation for the sale.




Page 7

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
28,651
-



7.


Current asset investments

29 February
28 February
2024
2023
£
£

Deposit account
350,000
-



8.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
877,546
4,590



9.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
1,813
1,813

Corporation tax
291,795
-

Other creditors
1,933
28,527

Accruals and deferred income
8,157
7,045

303,698
37,385


Page 8

 
LARKRISE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



25,000 (2023 - 25,000) Ordinary A shares of £1.00 each
25,000
25,000
300,000 (2023 - 300,000) Ordinary B shares of £1.00 each
300,000
300,000

325,000

325,000

Ordinary A shares have dividend rights and voting rights but they do not have capital distribution rights.
Ordinary B shares have dividend and capital distribution rights but they do not have voting rights.



11.


Reserves

Profit and loss account

This reserve represents cumulative profits and losses less dividends paid.


12.


Related party transactions

At 29 February 2024 David Payne,director has a total creditor loan value of £1,933 (2023: £28,527). The loan is available for repayment on demand, with no fixed repayment terms or interest chargeable.


13.


Controlling party

David Payne and Stephen Payne each own 50% of ordinary A shares. The ordinary B shares are held by DWP 2018 trust with the trustees being David Payne and Stephen Payne.  

 
Page 9