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Registration number: 11392956

Lane Rental Infrastructure Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Lane Rental Infrastructure Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lane Rental Infrastructure Services Ltd

Company Information

Director

M A Reay

Registered office

Highway House
Hereford Road
Pocklington Industrial Estate
York
YO42 1NR

 

Lane Rental Infrastructure Services Ltd

(Registration number: 11392956)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

187,582

187,582

Current assets

 

Debtors

5

107,000

157,000

Cash at bank and in hand

 

56,700

460

 

163,700

157,460

Creditors: Amounts falling due within one year

6

(345,269)

(343,940)

Net current liabilities

 

(181,569)

(186,480)

Net assets

 

6,013

1,102

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

5,013

102

Shareholders' funds

 

6,013

1,102

For the financial year ending 31 March 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 year 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 19 November 2024
 

.........................................
M A Reay
Director

 

Lane Rental Infrastructure Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Highway House
Hereford Road
Pocklington Industrial Estate
York
YO42 1NR

These financial statements were authorised for issue by the director on 19 November 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 (including Section 1A) - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The financial statements contain information about Lane Rental Infrastructure Limited as an individual company and do not contrain consolidated financial information as the parent of a group. The company is exempt under Section399(2A) of the Companies Act 2006 from the requirments to prepare consolidated financial statements..

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.

Investments

Investments are held as fixed assets are stated at cost less provision for any permanent diminuation in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, 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.

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.

 

Lane Rental Infrastructure Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

187,582

187,582

Subsidiaries

£

Cost or valuation

At 1 April 2023

187,582

Carrying amount

At 31 March 2024

187,582

At 31 March 2023

187,582

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

7

106,000

156,000

Other debtors

 

1,000

1,000

 

107,000

157,000

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,152

-

Accruals and deferred income

1,310

1,247

Other creditors

342,807

342,693

345,269

343,940

7

Related party transactions

The comany has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

 

Lane Rental Infrastructure Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Summary of transactions with other related parties

At the year end, the Company was owed £1,000 in respect of unpaid share capital.

Lane Rental Services Limited (a Company under common control)

At the year end, the amount due to Lane Rental Services Limited was £342,807 (2023: £342,693). The amount is unsecured, interest-free and repayable on demand. Intercompany transfers and transactions amounted to £114 (2023: £1,134). There were no sales to Lane Rental Services Limited during the year. Net purchases from Lane Rental Services Limited totalled £92,800 (2023: £Nil).