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COMPANY REGISTRATION NUMBER: 14828337
LCUK BSAS Limited
Filleted Unaudited Financial Statements
31 May 2024
LCUK BSAS Limited
Financial Statements
Period from 26 April 2023 to 31 May 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
LCUK BSAS Limited
Officers and Professional Advisers
Director
A M Solomon
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
LCUK BSAS Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of LCUK BSAS Limited
Period from 26 April 2023 to 31 May 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 May 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
17 January 2025
LCUK BSAS Limited
Statement of Financial Position
31 May 2024
31 May 24
Note
£
Fixed assets
Investments
4
724,773
Current assets
Debtors
5
1
Cash at bank and in hand
4,357
-------
4,358
Creditors: amounts falling due within one year
6
( 600)
-------
Net current assets
3,758
---------
Total assets less current liabilities
728,531
Creditors: amounts falling due after more than one year
7
( 750,000)
---------
Net liabilities
( 21,469)
---------
Capital and reserves
Called up share capital
1
Profit and loss account
( 21,470)
--------
Shareholders deficit
( 21,469)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LCUK BSAS Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
A M Solomon
Director
Company registration number: 14828337
LCUK BSAS Limited
Notes to the Financial Statements
Period from 26 April 2023 to 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in participating interests
£
Cost
At 26 April 2023
Additions
741,930
Revaluations
( 17,157)
---------
At 31 May 2024
724,773
---------
Impairment
At 26 April 2023 and 31 May 2024
---------
Carrying amount
At 31 May 2024
724,773
---------
The above amount represents a 30% holding in The Ear Academy (Pty) Limited.
5. Debtors
31 May 24
£
Other debtors
1
----
6. Creditors: amounts falling due within one year
31 May 24
£
Other creditors
600
----
7. Creditors: amounts falling due after more than one year
31 May 24
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
750,000
---------
8. Controlling party
The company is under the immediate control of Liquidchefs Investments Limited by virtue of owning the entire issued share capital of the company. The ultimate controlling party is A M Solomon , director.