Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activitytrue2023-04-01false12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04578003 2023-04-01 2024-03-31 04578003 2022-04-01 2023-03-31 04578003 2024-03-31 04578003 2023-03-31 04578003 c:Director1 2023-04-01 2024-03-31 04578003 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 04578003 d:FreeholdInvestmentProperty 2024-03-31 04578003 d:FreeholdInvestmentProperty 2023-03-31 04578003 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04578003 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04578003 d:ShareCapital 2024-03-31 04578003 d:ShareCapital 2023-03-31 04578003 d:RetainedEarningsAccumulatedLosses 2024-03-31 04578003 d:RetainedEarningsAccumulatedLosses 2023-03-31 04578003 c:FRS102 2023-04-01 2024-03-31 04578003 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04578003 c:FullAccounts 2023-04-01 2024-03-31 04578003 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04578003 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04578003









LANECARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
LANECARE LIMITED
REGISTERED NUMBER: 04578003

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
544,070
432,185

  
544,070
432,185

  

Creditors: amounts falling due within one year
  
(612,404)
(436,041)

Net current liabilities
  
 
 
(612,404)
 
 
(436,041)

Total assets less current liabilities
  
(68,334)
(3,856)

  

Net liabilities
  
(68,334)
(3,856)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
(68,337)
(3,859)

  
(68,334)
(3,856)


The director considers 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 director acknowledges his 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 income and retained earnings 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
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LANECARE LIMITED
REGISTERED NUMBER: 04578003
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

behalf by: 




................................................
B Lindley
Director
Date: 26 November 2024

The notes on pages 3 to 5 form part of these financial statements.

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LANECARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of Lanecare Limited was property investment.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is Stonecross, Trumpington High Street, Cambridge, CB2 9SU

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has the backing of the shareholders which is forecast to continue for the next 12 months and beyond. Accordingly, the directors consider that it is appropriate to prepare the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

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 reporting date in the countries where the Company operates and generates income.

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LANECARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -2).

Page 4

 
LANECARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
432,185


Additions at cost
111,885



At 31 March 2024
544,070

The 2024 valuations were made by the director, on an open market value for existing use basis.







5.


Related party transactions

The company was sold to a third party in November 2021. All of the related party loans were settled and are now owed to a parent company . The amount owed to the parent company is £607,114 (2023: £430,951). 


6.


Controlling party

The parent undertaking is BL Property Development Limited, a company incorporated in the United Kingdom. The registered address is: Stonecross, Trumpington High Street, Cambridge, CB2 9SU. The ultimate controlling parties are Brian Lindley and Christopher Proctor. 

 
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