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Company Registration No. 12289176 (England and Wales)
Lance Investments Limited Unaudited accounts for the year ended 31 May 2024
Lance Investments Limited Unaudited accounts Contents
Page
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Lance Investments Limited Company Information for the year ended 31 May 2024
Director
Mark Jonathan Lance
Company Number
12289176 (England and Wales)
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Lance Investments Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
6,444,628 
4,882,095 
Current assets
Debtors
- 
57,942 
Investments
57,266 
65,916 
Cash at bank and in hand
71 
428 
57,337 
124,286 
Creditors: amounts falling due within one year
(5,006,476)
(5,006,805)
Net current liabilities
(4,949,139)
(4,882,519)
Total assets less current liabilities
1,495,489 
(424)
Provisions for liabilities
Deferred tax
(261,427)
- 
Net assets/(liabilities)
1,234,062 
(424)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
784,282 
(173,828)
Profit and loss account
449,680 
173,304 
Shareholders' funds
1,234,062 
(424)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2025 and were signed on its behalf by
Mark Jonathan Lance Director Company Registration No. 12289176
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Lance Investments Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Lance Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12289176.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 June 2023
4,882,095 
Additions
4,562,498 
Fair value adjustments
1,363,609 
Disposals
(4,363,574)
Valuation at 31 May 2024
6,444,628 
Listed investments are recognised initially at cost less attributable transaction costs. Subsequent to initial recognition, they are revalued to fair value at the reporting date. Any changes in fair value are recognised in profit and loss.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
57,942 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
57,266 
65,916 
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Lance Investments Limited Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
13 
- 
Amounts owed to group undertakings and other participating interests
5,006,689 
5,006,689 
Taxes and social security
(226)
116 
5,006,476 
5,006,805 
8
Deferred taxation
2024 
2023 
£ 
£ 
Other deferred taxation
261,427 
(57,942)
2024 
2023 
£ 
£ 
Provision at start of year
(57,942)
- 
Charged/(credited) to other comprehensive income
319,369 
(57,942)
Provision at end of year
261,427 
(57,942)
9
Transactions with related parties
At the balance sheet date, Lance Investments Limited owed Lance Holdings Limited £5,006,689 (2022=3 - £5,006,689). Lance Holdings Limited is the parent of Lance Investments Limited. All trade debtor & creditor transactions between related parties were all made at arms length.
10
Controlling party
The company was under the control of Lance Holdings Limited
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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