Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity11truetruefalse 05515989 2023-04-01 2024-03-31 05515989 2022-04-01 2023-03-31 05515989 2024-03-31 05515989 2023-03-31 05515989 c:Director1 2023-04-01 2024-03-31 05515989 d:FurnitureFittings 2023-04-01 2024-03-31 05515989 d:FurnitureFittings 2024-03-31 05515989 d:FurnitureFittings 2023-03-31 05515989 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05515989 d:FreeholdInvestmentProperty 2024-03-31 05515989 d:FreeholdInvestmentProperty 2023-03-31 05515989 d:CurrentFinancialInstruments 2024-03-31 05515989 d:CurrentFinancialInstruments 2023-03-31 05515989 d:Non-currentFinancialInstruments 2024-03-31 05515989 d:Non-currentFinancialInstruments 2023-03-31 05515989 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05515989 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05515989 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05515989 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05515989 d:ShareCapital 2024-03-31 05515989 d:ShareCapital 2023-03-31 05515989 d:RetainedEarningsAccumulatedLosses 2024-03-31 05515989 d:RetainedEarningsAccumulatedLosses 2023-03-31 05515989 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05515989 c:OrdinaryShareClass1 2024-03-31 05515989 c:OrdinaryShareClass1 2023-03-31 05515989 c:FRS102 2023-04-01 2024-03-31 05515989 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05515989 c:FullAccounts 2023-04-01 2024-03-31 05515989 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05515989 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05515989









LPD UK INCORPORATED LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LPD UK INCORPORATED LTD
REGISTERED NUMBER: 05515989

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
762
953

Investment property
  
193,438
193,438

  
194,200
194,391

Current assets
  

Debtors: amounts falling due within one year
 5 
10,500
10,500

Cash at bank and in hand
 6 
3,257
5,597

  
13,757
16,097

Creditors: amounts falling due within one year
 7 
(289,996)
(277,772)

Net current liabilities
  
 
 
(276,239)
 
 
(261,675)

Total assets less current liabilities
  
(82,039)
(67,284)

Creditors: amounts falling due after more than one year
 8 
(12,204)
(22,403)

  

Net liabilities
  
(94,243)
(89,687)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(94,343)
(89,787)

  
(94,243)
(89,687)


Page 1

 
LPD UK INCORPORATED LTD
REGISTERED NUMBER: 05515989
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 comprehensive income 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 behalf by: 




Alrubaei Haider
Director

Date: 13 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LPD UK INCORPORATED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

LPD UK Incorporated Limited is a private company limited by shares and incorporated in England & Wales (registered number 05515989). The registered office is 11-15 Collingham Place, London, England, SW5 0QE.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LPD UK INCORPORATED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
LPD UK INCORPORATED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
11,575



At 31 March 2024

11,575



Depreciation


At 1 April 2023
10,622


Charge for the year
191



At 31 March 2024

10,813



Net book value



At 31 March 2024
762



At 31 March 2023
953


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
193,438



At 31 March 2024
193,438

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




Page 5

 
LPD UK INCORPORATED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
10,500
10,500

10,500
10,500



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,257
5,597

3,257
5,597



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,204
9,952

Other creditors
276,792
264,820

Accruals and deferred income
3,000
3,000

289,996
277,772



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,204
22,403

12,204
22,403



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100

Page 6

 
LPD UK INCORPORATED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.Share capital (continued)



10.


Related party transactions

Included in other creditors is an amount of £42,091 (2023: £30,118) due to the director.

 
Page 7