Lochhouse Limited 13949242 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of a personal investment company. Digita Accounts Production Advanced 6.30.9574.0 true 13949242 2023-10-01 2024-09-30 13949242 2024-09-30 13949242 core:RetainedEarningsAccumulatedLosses 2024-09-30 13949242 core:ShareCapital 2024-09-30 13949242 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 13949242 core:Non-currentFinancialInstruments 2024-09-30 13949242 bus:SmallEntities 2023-10-01 2024-09-30 13949242 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13949242 bus:FullAccounts 2023-10-01 2024-09-30 13949242 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13949242 bus:RegisteredOffice 2023-10-01 2024-09-30 13949242 bus:Director1 2023-10-01 2024-09-30 13949242 bus:Director1 1 2023-10-01 2024-09-30 13949242 bus:Director2 2023-10-01 2024-09-30 13949242 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13949242 countries:AllCountries 2023-10-01 2024-09-30 13949242 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 13949242 2022-09-01 2023-09-30 13949242 2023-09-30 13949242 core:RetainedEarningsAccumulatedLosses 2023-09-30 13949242 core:ShareCapital 2023-09-30 13949242 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13949242 core:Non-currentFinancialInstruments 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 13949242

Lochhouse Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Lochhouse Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Lochhouse Limited

(Registration number: 13949242)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2,500

2,500

Current assets

 

Debtors

38,363

65,000

Cash at bank and in hand

 

63,708

74,057

 

102,071

139,057

Creditors: Amounts falling due within one year

-

(12,300)

Net current assets

 

102,071

126,757

Net assets

 

104,571

129,257

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

104,371

129,057

Total equity

 

104,571

129,257

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 January 2025 and signed on its behalf by:
 

Mr E J Chant

Director

Ms N C Harding

Director

 

Lochhouse Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 26 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Lochhouse Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

Total
£

Cost or valuation

At 1 October 2023

2,500

Carrying amount

At 30 September 2024

2,500

At 30 September 2023

2,500

5

Related party transactions

Advances to directors


Mr E J Chant

During the period Mr E J Chant went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £33,492 (2023 - £Nil). At the year end the amount outstanding from Mr E J Chant was £31,697 (2023 - £). Interest has been charged at the commercial rate.