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REGISTERED NUMBER: 10259682 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

LAKESIDE INVESTMENTS HOLDINGS LIMITED

LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAKESIDE INVESTMENTS HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Dr G Singh
Mrs B K Singh



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 10259682 (England and Wales)



BANKERS: Handelsbanken
2nd Floor Olympus House
Olympus Avenue
Leamington Spa
CV34 6BF

LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,259 -
Investment property 5 43,689,679 43,589,679
43,792,938 43,589,679

CURRENT ASSETS
Debtors 6 517,253 705,504
Cash at bank 70,677 304,099
587,930 1,009,603
CREDITORS
Amounts falling due within one year 7 1,001,025 822,008
NET CURRENT (LIABILITIES)/ASSETS (413,095 ) 187,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,379,843

43,777,274

CREDITORS
Amounts falling due after more than one
year

8

19,496,560

20,088,396
NET ASSETS 23,883,283 23,688,878

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 17,233,609 17,233,609
Retained earnings 6,649,574 6,455,169
SHAREHOLDERS' FUNDS 23,883,283 23,688,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Dr G Singh - Director


LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Lakeside Investments Holdings 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover represents income from the letting of properties recognised on an accruals basis. The whole of the turnover is attributable to the principal activity of the company, being the letting of properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks.

Debt instruments (other than those wholly repayable or receivable within one year), including loans, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 137,679
At 31 July 2024 137,679
DEPRECIATION
Charge for year 34,420
At 31 July 2024 34,420
NET BOOK VALUE
At 31 July 2024 103,259

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 43,589,679
Additions 100,000
At 31 July 2024 43,689,679
NET BOOK VALUE
At 31 July 2024 43,689,679
At 31 July 2023 43,589,679

LAKESIDE INVESTMENTS HOLDINGS LIMITED (REGISTERED NUMBER: 10259682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 510,306 705,399
Other debtors 6,947 105
517,253 705,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 415,825 415,825
Taxation and social security - 105,501
Other creditors 585,200 300,682
1,001,025 822,008

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 19,496,560 20,088,396

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 17,833,260 18,425,096

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 415,825 415,825

Amounts falling due between one and two years:
Bank loans - 1-2 years 415,825 415,825

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,247,475 1,247,475

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 17,833,260 18,425,096

At the balance sheet date Svenska Handelsbanken held charges on a number of the properties and a fixed and floating charge on all the property or undertaking of the company.