Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006. The presentation currency of the financial statements is Malaysian Ringgit (RM), which is also the functional currency of the Company. Figures are rounded to the nearest RM.2023-07-01false00truetrue 00110746 2023-07-01 2024-06-30 00110746 2022-07-01 2023-06-30 00110746 2024-06-30 00110746 2023-06-30 00110746 c:Director3 2023-07-01 2024-06-30 00110746 d:CurrentFinancialInstruments 2024-06-30 00110746 d:CurrentFinancialInstruments 2023-06-30 00110746 d:Non-currentFinancialInstruments 2024-06-30 00110746 d:Non-currentFinancialInstruments 2023-06-30 00110746 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00110746 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00110746 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00110746 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00110746 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 00110746 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 00110746 d:ShareCapital 2024-06-30 00110746 d:ShareCapital 2023-06-30 00110746 d:CapitalRedemptionReserve 2024-06-30 00110746 d:CapitalRedemptionReserve 2023-06-30 00110746 d:RetainedEarningsAccumulatedLosses 2024-06-30 00110746 d:RetainedEarningsAccumulatedLosses 2023-06-30 00110746 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 00110746 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 00110746 c:FRS102 2023-07-01 2024-06-30 00110746 c:Audited 2023-07-01 2024-06-30 00110746 c:FullAccounts 2023-07-01 2024-06-30 00110746 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00110746 d:Subsidiary1 2023-07-01 2024-06-30 00110746 d:Subsidiary1 1 2023-07-01 2024-06-30 00110746 d:Subsidiary2 2023-07-01 2024-06-30 00110746 d:Subsidiary2 1 2023-07-01 2024-06-30 00110746 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00110746 6 2023-07-01 2024-06-30 00110746 3 2024-06-30 00110746 3 2023-06-30 00110746 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 00110746










THE LENGGENG RUBBER COMPANY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

 
THE LENGGENG RUBBER COMPANY LIMITED
REGISTERED NUMBER: 00110746

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2022
Note
RM
RM

Fixed assets
  
Investments
 5 
1
1

  
1
1

Current assets
  
Debtors: Amounts falling due within one year
 6 
843,571
914,689

Cash at bank and in hand
 7 
8,042
101,877

  
851,613
1,016,566
Creditors: Amounts falling due within one year
 8 
(4,121,741)
(12,900,858)

Net current liabilities
  
 
 
(3,270,128)
 
 
(11,884,292)

Total assets less current liabilities
  
(3,270,127)
(11,884,291)
Creditors: Amounts falling due after more than one year
 9 
(10,000,000)
-

  

Net liabilities
  
(13,270,127)
(11,884,291)


Capital and reserves
  
Called-up share capital
  
507,273
507,273

Capital redemption reserve
  
3,893
3,893

Profit and loss account
  
(13,781,293)
(12,395,457)

  
(13,270,127)
(11,884,291)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf by: 






Lee Boon Liang
Director

Date: 27 March 2025

The notes on pages 2 to 9 form part of these financial statements.

- 1 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

1.


General information

The Lenggeng Rubber Company Limited is a private company limited by shares, incorporated in England in the United Kingdom. The Company's registered number is 00110746 and registered office address is c/o Birketts LLP, One London Wall, Barbican, London, EC2Y 5EA, England. The Company is domiciled in Malaysia.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is Malaysian Ringgit (RM), which is also the functional currency of the Company. Figures are rounded to the nearest RM.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net liabilities of RM13,270,127 as at 30 June 2024. This may cast doubt over the Company's ability to continue as a going concern. However, a related company has confirmed its intention to make available to the Company adequate funds as and when required to maintain the Company as a going concern in the forseeable future.
As a result, the financial statements have been prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the financial year in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are re-measured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

- 2 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 

- 3 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
-     at fair value with changes recognised in the Statement of Comprehensive Income if the shares
      are publicly traded or thier fair value can otherwise be measured reliably; and 
-     at cost less impairment for all other investments. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the  asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The Company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

- 4 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The management is of the opinion that there are no instances of application of judgement in applying the Company's accounting policies which are expected to have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty 
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are as follows:
Impairment of non-financial assets
The Company determines whether non-financial assets are impaired by evaluating the extent to which the recoverable amount of an asset is less than its carrying amount. This evaluation is subject to factors such as market performance, economic situation etc.
Recoverable amount is measured at the higher value of the fair value less cost to sell for that asset and its value in use. The value in use is the net present value of the projected future cash flows derived from that asset discounted at an appropriate discount rate. For such discounted cash flow method, it involves the use of estimated future results and a set of assumptions to reflect its income and cash flows. Judgement has been used to determine the discount rate for the cash flows and the future growth of the business.
The impairment of receivables
The Company recognises impairment losses for the receivables using the incurred loss model. Individually significant receivables are tested for impairment separately by estimating the cash flows expected to be recoverable. All others are grouped into credit risk classes and tested for impairment collectively, using past experience of loss statistics, ageing of past due amounts and current economic trends. The actual eventual losses may be different from the allowance made and this may affect the Company's future financial position and performance. The carrying amount of receivables as at the end of the period is set out in note 6.


4.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2023: RM Nil).





- 5 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Investments in subsidiary companies
Other investments
Total

RM
RM
RM



Cost or valuation


At 1 July 2023
71,199
95,580,915
95,652,114



At 30 June 2024

71,199
95,580,915
95,652,114



Impairment


At 1 July 2023
71,198
95,580,915
95,652,113



At 30 June 2024

71,198
95,580,915
95,652,113



Net book value



At 30 June 2024
1
-
1



At 30 June 2023
1
-
1


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Bandar Akademia Sdn Bhd
Malaysia
Ordinary
100%
Bandar Akademia Corporation (M) Sdn Bhd
Malaysia
Ordinary
100%

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the financial year ended on that date for the subsidiary undertakings was as follows:

Name
Net Tangible Liabilities
RM

Bandar Akademia Sdn Bhd
(15,200,055)

Bandar Akademia Corporation (M) Sdn Bhd
(20,790,959)

- 6 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

6.


Debtors: Amounts falling due within one year

2024
2023
RM
RM


Amounts owed by group undertakings
843,571
914,689

843,571
914,689



7.


Cash and cash equivalents

2024
2023
RM
RM

Cash at bank and in hand
8,042
101,877

8,042
101,877



8.


Creditors: Amounts falling due within one year

2024
2023
RM
RM

Other loans
-
10,000,000

Amounts owed to group undertakings
3,986,240
2,365,358

Accruals and deferred income
135,501
535,500

4,121,741
12,900,858



9.


Creditors: Amounts falling due after more than one year

2024
2023
RM
RM

Other loans
10,000,000
-

10,000,000
-


- 7 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
RM
RM

Amounts falling due within one year

Other loans
-
10,000,000

Amounts falling due 1-2 years

Other loans
10,000,000
-



10,000,000
10,000,000



11.


Financial instruments

2024
2023
RM
RM

Financial assets


Financial assets measured at fair value through profit or loss
8,042
101,877




Financial assets measured at fair value through profit or loss comprise cash at bank.


12.


Related party transactions

The Company utilises the exemption contained in FRS 102 section 33 not to disclose any transactions with other wholly-owned entities which are part of the Amble Bond Sdn Bhd group.
 

13.


Ultimate parent undertaking and controlling party

The Company is a wholly-owned subsidiary company of Akurjaya Sdn Bhd, a private limited liability company incorporated and domiciled in Malaysia.
The Directors consider Amble Bond Sdn Bhd, a private limited liability company incorporated and domiciled in Malaysia, as the ultimate parent undertaking. The largest and smallest group of undertakings for which group accounts are prepared are with Amble Bond Sdn Bhd.
Tan Sri Cheng Heng Jem, who has a direct and deemed interest of 99% (2023: 99%) in the ultimate parent undertaking, represents the ultimate beneficial owner of the Company.

- 8 -

 
THE LENGGENG RUBBER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

14.


Auditor's information

The auditor's report on the financial statements for the financial year ended 30 June 2024 was unqualified.

The audit report was signed on 27 March 2025 by Jonathan Marchant (Senior statutory auditor) on behalf of Forvis Mazars LLP.

- 9 -