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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Laspar Limited

Laspar Limited (Registered number: 06791916)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laspar Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Levintaner
R M Molina
S Jones





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 06791916 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Laspar Limited (Registered number: 06791916)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 91 1,827

CREDITORS
Amounts falling due within one year 6 5,786 7,713
NET CURRENT LIABILITIES (5,695 ) (5,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,695

)

(5,886

)

CAPITAL AND RESERVES
Called up share capital 7 147,000 147,000
Retained earnings (152,695 ) (152,886 )
SHAREHOLDERS' FUNDS (5,695 ) (5,886 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





R M Molina - Director


Laspar Limited (Registered number: 06791916)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Laspar 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.

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.

Turnover
Turnover represents profit allocations from Newstate Partners LLP.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 147,000
PROVISIONS
At 1 April 2023
and 31 March 2024 147,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Laspar Limited (Registered number: 06791916)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. FIXED ASSET INVESTMENTS - continued

The investment represents the company's capital interest in Newstate Partners LLP. Newstate Partners LLP's principal activity is the provision of advisory services to foreign governments on the management and restructuring of debt.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 91 1,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 4,386
Directors' current accounts 4,386 -
Accruals and deferred income - 1,827
Accrued expenses 1,400 1,500
5,786 7,713

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
147,000 Ordinary £1 147,000 147,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S Jones, A Levintaner and R Molina, by virtue of their shareholdings in Newstate UK Holding Limited.