Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08507031 2023-03-01 2024-02-29 08507031 2022-03-01 2023-02-28 08507031 2024-02-29 08507031 2023-02-28 08507031 c:Director2 2023-03-01 2024-02-29 08507031 d:PlantMachinery 2023-03-01 2024-02-29 08507031 d:FurnitureFittings 2023-03-01 2024-02-29 08507031 d:FurnitureFittings 2024-02-29 08507031 d:FurnitureFittings 2023-02-28 08507031 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 08507031 d:FreeholdInvestmentProperty 2024-02-29 08507031 d:FreeholdInvestmentProperty 2023-02-28 08507031 d:CurrentFinancialInstruments 2024-02-29 08507031 d:CurrentFinancialInstruments 2023-02-28 08507031 d:Non-currentFinancialInstruments 2024-02-29 08507031 d:Non-currentFinancialInstruments 2023-02-28 08507031 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08507031 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08507031 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 08507031 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 08507031 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 08507031 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 08507031 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 08507031 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 08507031 d:ShareCapital 2024-02-29 08507031 d:ShareCapital 2023-02-28 08507031 d:RetainedEarningsAccumulatedLosses 2024-02-29 08507031 d:RetainedEarningsAccumulatedLosses 2023-02-28 08507031 c:FRS102 2023-03-01 2024-02-29 08507031 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08507031 c:FullAccounts 2023-03-01 2024-02-29 08507031 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08507031 6 2023-03-01 2024-02-29 08507031 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 08507031









LASCAUX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
LASCAUX LIMITED
REGISTERED NUMBER: 08507031

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,174
4,231

Investments
 5 
100
100

Investment property
 6 
6,030,140
6,030,140

  
6,033,414
6,034,471

Current assets
  

Debtors: amounts falling due within one year
 7 
113,859
172,186

Cash at bank and in hand
 8 
7,708
24,682

  
121,567
196,868

Creditors: amounts falling due within one year
 9 
(4,851,290)
(4,979,774)

Net current liabilities
  
 
 
(4,729,723)
 
 
(4,782,906)

Total assets less current liabilities
  
1,303,691
1,251,565

Creditors: amounts falling due after more than one year
 10 
(1,012,500)
(1,022,500)

  

Net assets
  
291,191
229,065


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
291,091
228,965

  
291,191
229,065


Page 1

 
LASCAUX LIMITED
REGISTERED NUMBER: 08507031
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J A Taylor
Director

Date: 7 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Lascaux Limited is a private company limited by shares incorporated in England and Wales (registered number: 08507031). The registered office is Petram House, Gateway, London, England, SE17 3FT.
The principal activity of the company continued to be that of property development and investment.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
35,520
-

35,520
-


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Fixtures, fittings and equipment

£



Cost or valuation


At 1 March 2023
8,478



At 29 February 2024

8,478



Depreciation


At 1 March 2023
4,246


Charge for the year on owned assets
1,058



At 29 February 2024

5,304



Net book value



At 29 February 2024
3,174



At 28 February 2023
4,231


5.


Fixed asset investments








Unlisted investments

£



Cost or valuation


At 1 March 2023
100



At 29 February 2024
100




Page 6

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
6,030,140



At 29 February 2024
6,030,140

The 2024 valuations were made by the directors, on an open market value for existing use basis.






7.


Debtors

29 February
28 February
2024
2023
£
£


Amounts owed by group undertakings
113,859
172,186

113,859
172,186



8.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
7,708
24,682

7,708
24,682


Page 7

 
LASCAUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
974
387

Corporation tax
29,872
47,932

Other creditors
4,806,844
4,914,854

Accruals and deferred income
3,600
6,601

4,851,290
4,979,774



10.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
12,500
22,500

Other creditors
1,000,000
1,000,000

1,012,500
1,022,500



11.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,500
12,500


22,500
32,500


 
Page 8