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REGISTERED NUMBER: 05863440 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LHC LIMITED

LHC LIMITED (REGISTERED NUMBER: 05863440)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


LHC LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mr L C Richards
Mr M Richards



SECRETARY: Miss R Richards



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Greater Manchester
M44 5XD



BUSINESS ADDRESS: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD



REGISTERED NUMBER: 05863440 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: The Royal Bank of Scotland
Altrincham Branch
4 The Downs
Altrincham
Cheshire
WA14 2PY



SOLICITORS: Milners Solicitors
Whitehall Waterfront
2 Riverside Way
Leeds
West Yorkshire
LS1 4EH

LHC LIMITED (REGISTERED NUMBER: 05863440)

REPORT OF THE DIRECTORS
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of image rights management, property investment and development.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 July 2023 to the date of this report.

The beneficial interests of the directors holding office at 30 June 2024 in the shares of the company, according to the register of directors' interests, were as follows:

30.6.24 1.7.23
Ordinary shares of £1 each
Mr L C Richards 10 10
Mr M Richards 90 90

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Richards - Director


21 March 2025

LHC LIMITED (REGISTERED NUMBER: 05863440)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 206 275
Investment property 5 1,215,000 1,210,000
1,215,206 1,210,275

CURRENT ASSETS
Debtors 6 312,500 310,908
Cash at bank 100,255 98,942
412,755 409,850
CREDITORS
Amounts falling due within one year 7 (36,736 ) (31,130 )
NET CURRENT ASSETS 376,019 378,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,591,225

1,588,995

PROVISIONS FOR LIABILITIES (138,249 ) (137,295 )
NET ASSETS 1,452,976 1,451,700

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 415,935 411,885
Retained earnings 1,036,941 1,039,715
SHAREHOLDERS' FUNDS 1,452,976 1,451,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LHC LIMITED (REGISTERED NUMBER: 05863440)

BALANCE SHEET - continued
30 June 2024


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 21 March 2025 and were signed on its behalf by:





Mr M Richards - Director


LHC LIMITED (REGISTERED NUMBER: 05863440)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

LHC 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
The investment property has been revalued to reflect current fair value at year end.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

LHC LIMITED (REGISTERED NUMBER: 05863440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 2,485 7,833 10,318
DEPRECIATION
At 1 July 2023 2,464 7,579 10,043
Charge for year 6 63 69
At 30 June 2024 2,470 7,642 10,112
NET BOOK VALUE
At 30 June 2024 15 191 206
At 30 June 2023 21 254 275

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,210,000
Revaluations 5,000
At 30 June 2024 1,215,000
NET BOOK VALUE
At 30 June 2024 1,215,000
At 30 June 2023 1,210,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 5,000
Valuation in 2023 40,000
Valuation in 2022 65,000
Valuation in 2021 50,000
Valuation in 2020 30,000
Valuation in 2019 13,000
Valuation in 2018 (1,914 )
Valuation in 2017 135,000
Valuation in 2016 167,737
Valuation in 2015 50,357
Cost 660,820
1,215,000

LHC LIMITED (REGISTERED NUMBER: 05863440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY - continued

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

30.6.24 30.6.23
£    £   
Cost 660,820 660,820

Investment properties were valued on an open market basis on 30 June 2024 by Ash Residential Limited .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 312,500 310,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 7,697 7,493
Amounts owed to group undertakings 20,322 20,322
Taxation and social security 3,346 671
Other creditors 5,371 2,644
36,736 31,130

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023 411,885
Fair value adjustment 4,050

At 30 June 2024 415,935

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £308,969 (2023 - £308,969) a loan to MRZ Limited a company owned by Mr M Richards a shareholder in this company. Interest is receivable on this loan at commercial rate on settlement of the loan.
Included in bank loans and overdrafts is £10,000 (2023 - £10,000) owed to RCL North Limited a company owned by Mr L Richards. Also included in other creditors is £10,322 (2023 - £10,322) to Hillcrest and Louis Homes Limited a company owned by Mr M Richards.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Richards.