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REGISTERED NUMBER: 00750518 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

LRG INVESTMENTS (MARGATE) LIMITED

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LRG INVESTMENTS (MARGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs M L Wilton



REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ



BUSINESS ADDRESS: Quiet Waters
14 Eastern Esplanade
BROADSTAIRS
Kent
CT10 1DR



REGISTERED NUMBER: 00750518 (England and Wales)



ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ



BANKERS: HSBC Bank Plc
244 Northdown Road
Cliftonville
MARGATE
Kent
CT9 2PZ

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,176 1,826
Investments 6 1,824,104 1,767,256
1,826,280 1,769,082

CURRENT ASSETS
Debtors 7 217,044 191,309
Cash at bank 65,725 97,639
282,769 288,948
CREDITORS
Amounts falling due within one year 8 8,404 5,648
NET CURRENT ASSETS 274,365 283,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,100,645

2,052,382

PROVISIONS FOR LIABILITIES 497 23,526
NET ASSETS 2,100,148 2,028,856

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,100,048 2,028,756
SHAREHOLDERS' FUNDS 2,100,148 2,028,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 13th January 2025 and were signed by:





Mrs M L Wilton - Director


LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

LRG Investments (Margate) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 etc - 33% on a straight line basis

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st May 2023 2,725
Additions 1,299
At 30th April 2024 4,024
DEPRECIATION
At 1st May 2023 899
Charge for year 949
At 30th April 2024 1,848
NET BOOK VALUE
At 30th April 2024 2,176
At 30th April 2023 1,826

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023 1,767,256
Additions 112,565
Disposals (86,356 )
Revaluations 30,639
At 30th April 2024 1,824,104
NET BOOK VALUE
At 30th April 2024 1,824,104
At 30th April 2023 1,767,256

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,824,104

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Investment capital and income
accounts 217,044 191,309
217,044 191,309

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,060 889
Other creditors 3,112 3,046
Directors' current accounts 232 1,713
8,404 5,648

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.