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REGISTERED NUMBER: 04235169 (England and Wales)















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: M F Kreft
Mrs G H Kreft





REGISTERED OFFICE: Bromfield House
Ellice Way
Wrexham Technology Park
Wrexham
LL13 7YW





REGISTERED NUMBER: 04235169 (England and Wales)





AUDITORS: Pritchett & Co Business Advisers Limited
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 2,578,116 -

CURRENT ASSETS
Debtors 5 1,301,198 100
Prepayments and accrued income 42,456 -
Cash at bank 26,882 -
1,370,536 100
CREDITORS
Amounts falling due within one year 6 3,924,868 -
NET CURRENT (LIABILITIES)/ASSETS (2,554,332 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,784

100

ACCRUALS AND DEFERRED INCOME 887 -
NET ASSETS 22,897 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,797 -
22,897 100

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 Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





M F Kreft - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2,586,832
At 30 April 2024 2,586,832
DEPRECIATION
Charge for year 8,716
At 30 April 2024 8,716
NET BOOK VALUE
At 30 April 2024 2,578,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Amounts owed by associates 1,300,000 -
Other debtors 1,198 100
1,301,198 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 48,085 -
Amounts owed to group undertakings 3,876,772 -
Taxation and social security 11 -
3,924,868 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Morris (Senior Statutory Auditor)
for and on behalf of Pritchett & Co Business Advisers Limited

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.