Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04512439 Mr Rajeev Rana iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04512439 2023-06-30 04512439 2024-06-30 04512439 2023-07-01 2024-06-30 04512439 frs-core:CurrentFinancialInstruments 2024-06-30 04512439 frs-core:Non-currentFinancialInstruments 2024-06-30 04512439 frs-core:FurnitureFittings 2024-06-30 04512439 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04512439 frs-core:FurnitureFittings 2023-06-30 04512439 frs-core:ShareCapital 2024-06-30 04512439 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04512439 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04512439 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04512439 frs-bus:SmallEntities 2023-07-01 2024-06-30 04512439 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04512439 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04512439 frs-bus:Director1 2023-07-01 2024-06-30 04512439 frs-countries:EnglandWales 2023-07-01 2024-06-30 04512439 2022-06-30 04512439 2023-06-30 04512439 2022-07-01 2023-06-30 04512439 frs-core:CurrentFinancialInstruments 2023-06-30 04512439 frs-core:Non-currentFinancialInstruments 2023-06-30 04512439 frs-core:ShareCapital 2023-06-30 04512439 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04512439
Lanesway Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04512439
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,420 5,860
Investment Properties 5 6,412,877 6,412,877
6,417,297 6,418,737
CURRENT ASSETS
Debtors 6 355,236 371,206
Cash at bank and in hand 1,246 1,246
356,482 372,452
Creditors: Amounts Falling Due Within One Year 7 (313,191 ) (324,774 )
NET CURRENT ASSETS (LIABILITIES) 43,291 47,678
TOTAL ASSETS LESS CURRENT LIABILITIES 6,460,588 6,466,415
Creditors: Amounts Falling Due After More Than One Year 8 (884,417 ) (929,701 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (994,909 ) (994,909 )
NET ASSETS 4,581,262 4,541,805
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 4,581,260 4,541,803
SHAREHOLDERS' FUNDS 4,581,262 4,541,805
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rajeev Rana
Director
12 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lanesway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04512439 . The registered office is Itihaas, 18 Fleet Street, Birmingham, W Midlands, B3 1JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% and 25% reducing balance basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 97,174
As at 30 June 2024 97,174
Depreciation
As at 1 July 2023 91,314
Provided during the period 1,440
As at 30 June 2024 92,754
Net Book Value
As at 30 June 2024 4,420
As at 1 July 2023 5,860
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 6,412,877
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 278,651 296,893
Other debtors 76,585 74,313
355,236 371,206
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 199,972 172,635
Bank loans and overdrafts 58,958 65,016
Bounceback loan 10,055 9,648
Other creditors 44,206 77,475
313,191 324,774
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 871,146 907,432
Bounceback loans 13,271 22,269
884,417 929,701
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4