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REGISTERED NUMBER: 09534120 (England and Wales)















LSC INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LSC INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S Morley
A Morley-Doidge
R L Morley





REGISTERED OFFICE: 1-7 Fallbarn Road
Rawtenstall
Rossendale
Lancashire
BB4 7NT





REGISTERED NUMBER: 09534120 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 31,818,579 32,591,250
Investment property 5 390,946 390,946
32,209,525 32,982,196

CURRENT ASSETS
Debtors 6 29,675,762 28,055,607
Cash at bank and in hand 30,482 432,333
29,706,244 28,487,940
CREDITORS
Amounts falling due within one year 7 (20,177,802 ) (21,028,532 )
NET CURRENT ASSETS 9,528,442 7,459,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,737,967

40,441,604

PROVISIONS FOR LIABILITIES (147,109 ) (172,577 )
NET ASSETS 41,590,858 40,269,027

CAPITAL AND RESERVES
Called up share capital 38,145,500 38,145,500
Other reserves 60,914 60,914
Retained earnings 3,384,444 2,062,613
SHAREHOLDERS' FUNDS 41,590,858 40,269,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 29 November 2024 and were signed on its behalf by:





S Morley - Director


LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

LSC Investments Limited is a private company, limited by shares, registered in England and Wales, registered number 09534120. The registered office is 1-7 Fallbarn Road, Rawtenstall, Rossendale, Lancashire, BB4 7NT.

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 as modified by the revaluation of certain assets.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Determining the fair value of the investment properties relies on the judgement of the directors.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement in the period during which the charge arises.

Financial instruments
The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.


LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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 statement of financial position 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short term liquid investments with original maturities of three months or less.

Investments
Listed investments are initially recognised at cost and are subsequently re-measured at their fair value. Changes in fair value are recognised in the income statement.

Income from fixed asset investments
Income from fixed asset investments is received in the form of dividends and is credited to the income statement when received.

Rental income is received from investment properties, and is credited to the income statement in the period to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 32,591,250
Additions 4,958,806
Disposals (6,760,501 )
Change in market value 1,029,024
At 29 February 2024 31,818,579
NET BOOK VALUE
At 29 February 2024 31,818,579
At 28 February 2023 32,591,250

LSC INVESTMENTS LIMITED (REGISTERED NUMBER: 09534120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 31,818,579

The historic cost of the fixed asset investments is £30,542,470 (2023: £30,958,158).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 390,946
NET BOOK VALUE
At 29 February 2024 390,946
At 28 February 2023 390,946

The investment properties have been valued by the directors at fair value using observable market data as at 29 February 2024.

The historic cost of the investment properties is £390,946 (2023: £390,946).

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 390,946

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,675,762 28,055,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 451,713 193,640
Other creditors 19,726,089 20,834,892
20,177,802 21,028,532