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REGISTERED NUMBER: 05928741 (England and Wales)













Unaudited Financial Statements

for the Period

1 April 2023 to 30 September 2024

for

L F D Group Limited

L F D Group Limited (Registered number: 05928741)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L F D Group Limited

Company Information
for the Period 1 April 2023 to 30 September 2024







DIRECTORS: D R Hill
R E Hill





SECRETARY: C A Cross





REGISTERED OFFICE: 10 Vicarage Lane
Cockermouth
Cumbria
CA13 9DQ





REGISTERED NUMBER: 05928741 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

L F D Group Limited (Registered number: 05928741)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 33,066,547 18,119,705

CURRENT ASSETS
Debtors 5 6,467,948 7,594,681
Investments 6 3,905,622 6,946,132
Cash at bank 889,060 6,809,404
11,262,630 21,350,217
CREDITORS
Amounts falling due within one year 7 8,000,660 745,450
NET CURRENT ASSETS 3,261,970 20,604,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,328,517

38,724,472

PROVISIONS FOR LIABILITIES 663,000 73,000
NET ASSETS 35,665,517 38,651,472

CAPITAL AND RESERVES
Called up share capital 5,893,290 5,901,290
Revaluation reserve 2,295,484 218,504
Capital redemption reserve 48,000 40,000
Retained earnings 27,428,743 32,491,678
SHAREHOLDERS' FUNDS 35,665,517 38,651,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





D R Hill - Director


L F D Group Limited (Registered number: 05928741)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

L F D Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about L F D Group Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost, less provision for any diminution in value.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 are charged to the profit and loss in the period to which they relate.

Fixed asset investments
Other investments represents a listed stock portfolio. Such investments are measured at fair value at the period end. Any movement in fair value is recorded through profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

L F D Group Limited (Registered number: 05928741)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,000,000 17,119,705 18,119,705
Additions - 12,554,592 12,554,592
Revaluations - 4,585,510 4,585,510
Exchange differences - (1,922,224 ) (1,922,224 )
Investment management fees - (271,036 ) (271,036 )
At 30 September 2024 1,000,000 32,066,547 33,066,547
NET BOOK VALUE
At 30 September 2024 1,000,000 32,066,547 33,066,547
At 31 March 2023 1,000,000 17,119,705 18,119,705

Cost or valuation at 30 September 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 291,503 291,503
Valuation in 2024 - 2,370,451 2,370,451
Cost 1,000,000 29,404,593 30,404,593
1,000,000 32,066,547 33,066,547

If other investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 29,404,593 16,828,202

Fixed asset investments were valued on an open market value basis on 30 September 2024 by the investment managers .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associated company 5,997,464 7,326,276
VAT - 91
Prepayments 470,484 268,314
6,467,948 7,594,681

The amount owed by group undertakings relates to an inter-company loan with Lees House Limited, a subsidiary. Although the loan is legally repayable on demand, L F D Group Limited has no intention of recalling the loan in less than twelve months from the date of these accounts.

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 3,905,622 6,946,132

L F D Group Limited (Registered number: 05928741)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 42,960
Directors current account 7,997,160 700,000
Accruals and deferred income 3,500 2,490
8,000,660 745,450