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REGISTERED NUMBER: 05539609 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Lakedev Investments Limited

Lakedev Investments Limited (Registered number: 05539609)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lakedev Investments Limited (Registered number: 05539609)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
Fixed assets
Tangible assets 4 833,374 783,832

Current assets
Debtors 5 10,000 10,000
Cash at bank 1,388 1,193
11,388 11,193
Creditors
Amounts falling due within one year 6 (138,272 ) (143,163 )
Net current liabilities (126,884 ) (131,970 )
Total assets less current liabilities 706,490 651,862

Creditors
Amounts falling due after more than
one year

7

(533,733

)

(533,733

)

Provisions for liabilities 9 (9,500 ) -
Net assets 163,257 118,129

Capital and reserves
Called up share capital 68 68
Share premium 10 138,657 138,657
Revaluation reserve 10 50,000 -
Capital redemption reserve 10 32 32
Retained earnings 10 (25,500 ) (20,628 )
Shareholders' funds 163,257 118,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lakedev Investments Limited (Registered number: 05539609)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 3 October 2024 and were signed by:





Dr Habib Akram - Director


Lakedev Investments Limited (Registered number: 05539609)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Lakedev Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05539609

Registered office: 436 Welford Road
Leicester
Leicestershire
LE2 6EL

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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.

Lakedev Investments Limited (Registered number: 05539609)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£ £ £
Cost or valuation
At 1 December 2022 782,000 5,762 787,762
Revaluations 50,000 - 50,000
At 30 November 2023 832,000 5,762 837,762
Depreciation
At 1 December 2022 - 3,930 3,930
Charge for year - 458 458
At 30 November 2023 - 4,388 4,388
Net book value
At 30 November 2023 832,000 1,374 833,374
At 30 November 2022 782,000 1,832 783,832

Cost or valuation at 30 November 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£ £ £
Valuation in 2023 50,000 - 50,000
Cost 782,000 5,762 787,762
832,000 5,762 837,762

5. Debtors: amounts falling due within one year
30.11.23 30.11.22
£ £
Trade debtors 10,000 10,000

6. Creditors: amounts falling due within one year
30.11.23 30.11.22
£ £
Trade creditors 138,272 143,163

Lakedev Investments Limited (Registered number: 05539609)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. Creditors: amounts falling due after more than one year
30.11.23 30.11.22
£ £
Bank loans (see note 8) 6,880 6,880
Hire purchase contracts 526,853 526,853
533,733 533,733

8. Loans

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 6,880 6,880

9. Provisions for liabilities
30.11.23 30.11.22
£ £
Deferred tax
Other timing differences 9,500 -

Deferred tax
£
Provided during year 9,500
Balance at 30 November 2023 9,500

10. Reserves
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£ £ £ £ £

At 1 December 2022 (20,628 ) 138,657 - 32 118,061
Deficit for the year (4,872 ) (4,872 )
Revaluation Reserves - - 50,000 - 50,000
At 30 November 2023 (25,500 ) 138,657 50,000 32 163,189