Company registration number 11065076 (England and Wales)
CREDO LAVENE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CREDO LAVENE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CREDO LAVENE LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
30 September 2022
Notes
£
£
£
£
Fixed assets
Investments
3
913
913
Current assets
Debtors
4
41,855
45,135
Cash at bank and in hand
1,251
251
43,106
45,386
Creditors: amounts falling due within one year
5
(1,455)
(1,788)
Net current assets
41,651
43,598
Net assets
42,564
44,511
Capital and reserves
Called up share capital
60
60
Share premium account
211,262
211,262
Profit and loss reserves
(168,758)
(166,811)
Total equity
42,564
44,511
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 June 2024
Mr S Rickman
Director
Company registration number 11065076 (England and Wales)
CREDO LAVENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Credo Lavene Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Turcan Connell, 12 Stanhope Gate, London, United Kingdom, W1K 1AW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
Preparation of consolidated financial statements
The financial statements contain information about Credo Lavene Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Related party exemption
The company 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.
Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2022
Number
Number
Total
1
1
3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
913
913
CREDO LAVENE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
41,855
45,135
5
Creditors: amounts falling due within one year
2024
2022
£
£
Other creditors
1,455
1,788
7
Parent company
The company's parent undertaking is The Rickman Family Windfarm LLP, an LLP registered in Scotland. The registered office of of The Rickman Family Windfarm LLP is The Pink House, Newton Mill, Brechin, Angus, DD9 7PZ. and the LLP's accounts are available from Companies House.