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REGISTERED NUMBER: 09800493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

LWHCP Limited

LWHCP Limited (Registered number: 09800493)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LWHCP Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: L Chiu





REGISTERED OFFICE: 3 Newlyn Close
Bricket Wood
St Albans
Hertfordshire
AL2 3UP





REGISTERED NUMBER: 09800493 (England and Wales)






LWHCP Limited (Registered number: 09800493)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,621 11,505

CURRENT ASSETS
Debtors 5 10,778 -
Cash at bank 74,364 101,985
85,142 101,985
CREDITORS
Amounts falling due within one year 6 10,024 42,853
NET CURRENT ASSETS 75,118 59,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,739

70,637

CREDITORS
Amounts falling due after more than one
year

7

7,874

11,004
NET ASSETS 75,865 59,633

CAPITAL AND RESERVES
Called up share capital 8 9 9
Retained earnings 9 75,856 59,624
SHAREHOLDERS' FUNDS 75,865 59,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 20th December 2024 and were signed by:





L Chiu - Director


LWHCP Limited (Registered number: 09800493)

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


1. STATUTORY INFORMATION

LWHCP Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.
Plant and machinery - 25% on reducing balance

LWHCP Limited (Registered number: 09800493)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ·Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities include creditors and bank loans.

Trade creditors and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Interest bearing borrowings are initially measured at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost. Interest expense is recognised on the basis of the effective interest method and included in interest payable.

Borrowings are classified as current unless the company has an unconditional right to defer settlement for at least 12 months after the reporting period.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

LWHCP Limited (Registered number: 09800493)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2023
and 31st March 2024 17,429
DEPRECIATION
At 1st April 2023 5,924
Charge for year 2,884
At 31st March 2024 8,808
NET BOOK VALUE
At 31st March 2024 8,621
At 31st March 2023 11,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,778 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 8,002 6,034
Directors' current accounts - 14,796
Accrued expenses 2,022 22,023
10,024 42,853

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,874 11,004

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4
5 Ordinary Class 2 £1 5 5
9 9

LWHCP Limited (Registered number: 09800493)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


9. RESERVES
Retained
earnings
£   

At 1st April 2023 59,624
Profit for the year 31,232
Dividends (15,000 )
At 31st March 2024 75,856

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
L Chiu
Balance outstanding at start of year (14,796 ) (12,110 )
Amounts advanced 14,796 -
Amounts repaid - (2,686 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (14,796 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Chiu.