REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 April 2023 to 30 September 2024 |
for |
L F D Group Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 | 18,119,705 |
Additions | 12,554,592 |
Revaluations | 4,585,510 |
Exchange differences | ( |
) | (1,922,224 | ) |
Investment management fees | ( |
) | (271,036 | ) |
At 30 September 2024 | 33,066,547 |
NET BOOK VALUE |
At 30 September 2024 | 33,066,547 |
At 31 March 2023 | 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 |
Prepayments |
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 |
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 |
Directors current account | 7,997,160 | 700,000 |
Accruals and deferred income |