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REGISTERED NUMBER: 09038859 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

LF INFRASTRUCTURE LIMITED

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 569 782
Investments 5 360,382 360,382
360,951 361,164

CURRENT ASSETS
Debtors 6 788,937 973,408
Cash at bank and in hand 211 685
789,148 974,093
CREDITORS
Amounts falling due within one year 7 160,705 117,795
NET CURRENT ASSETS 628,443 856,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,394

1,217,462

CREDITORS
Amounts falling due after more than one year 8 14,768 24,059
NET ASSETS 974,626 1,193,403

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 974,625 1,193,402
974,626 1,193,403

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 director and authorised for issue on 17 February 2025 and were signed by:





Mr F Kane - Director


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

LF Infrastructure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09038859

Registered office: 6 Water End Barns
New Water End
Eversholt
Bedfordshire
MK17 9EA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery:25% on reducing balance
Motor vehicle :25% on reducing balance

The company has a policy not to depreciate in the year of acquisition but to fully depreciate in the year of
disposal.

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 statement of financial position date.


LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Basis financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Investments
Investments are measured at cost less accumulated impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 March 2023
and 28 February 2024 3,148
DEPRECIATION
At 1 March 2023 2,366
Charge for year 213
At 28 February 2024 2,579
NET BOOK VALUE
At 28 February 2024 569
At 28 February 2023 782

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 28 February 2024 360,382
NET BOOK VALUE
At 28 February 2024 360,382
At 28 February 2023 360,382

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,683 51,929
Amounts owed by connected companies 312,742 500,082
Other debtors 443,512 421,397
788,937 973,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,141 9,890
Trade creditors 3,112 10,674
Amounts owed to connected companies 6,000 5,500
Taxation and social security 96,743 90,675
Other creditors 44,709 1,056
160,705 117,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,768 24,059

LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,909 -

The bank loan is secured by way of a negative pledge, fixed and floating charge over all the property or undertakings of the company.

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

The Report of the Auditors was unqualified.

Alekos Christofi (Senior Statutory Auditor)
for and on behalf of AGK Partners

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors less than one year is an amount of £199,050 (2023: £175,326) due from connected companies under common control.

The loans were interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking and ultimate controlling party is AOI Holdings Ltd, incorporated in the United Kingdom.

The largest and smallest group in which the result of the company are consolidated is that headed by AOI Holdings Ltd. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office at No. 6 Water End Barns New Water End, Eversholt, Bedfordshire, United Kingdom. MK17 9EA.