REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Lwcus Too Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Lwcus Too Ltd |
Lwcus Too Ltd (Registered number: 04235169) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Lwcus Too Ltd |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
16 Wynnstay Road |
Colwyn Bay |
Conwy |
LL29 8NB |
Lwcus Too Ltd (Registered number: 04235169) |
Balance Sheet |
30 April 2024 |
30/4/24 | 30/4/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Lwcus Too Ltd (Registered number: 04235169) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Lwcus Too Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis on the assumption of the continued support of the parent company. |
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 |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Lwcus Too Ltd (Registered number: 04235169) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
Additions |
At 30 April 2024 |
DEPRECIATION |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/24 | 30/4/23 |
£ | £ |
Amounts owed by associates |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/24 | 30/4/23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Lwcus Too Ltd (Registered number: 04235169) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
8. | RELATED PARTY DISCLOSURES |
During the year, Grosvenor Living Limited transferred its non Care Home properties to Lwcus Too Limited. |
Included in creditors is an amount of £3,876,772 (2023: £nil) owed to Grosvenor Living Limited. |
Included in debtors is an amount owed by an associated company of £1,300,000. |
9. | ULTIMATE CONTROLLING PARTY |
At the year end, the immediate and ultimate parent company was Grosvenor Living Limited, a company incorporated in England and Wales. |
The ultimate controlling party is Mr MF and Mrs GH Kreft, being the 100% shareholders of Grosvenor Living Limited. |
Subsequent to the year end, the 100% ownership of the company was transferred at market value from Grosvenor Living Limited to Mr MF and Mrs GH Kreft. |