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Registered number: 06844003
Lake View Events Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06844003
2024 2023
Notes £ £ £ £
FIXED ASSETS
Biological assets 4 65,000 13,506
65,000 13,506
CURRENT ASSETS
Debtors 5 36,868 37,973
Cash at bank and in hand 122 210
36,990 38,183
Creditors: Amounts Falling Due Within One Year 6 (23,236 ) (23,460 )
NET CURRENT ASSETS (LIABILITIES) 13,754 14,723
TOTAL ASSETS LESS CURRENT LIABILITIES 78,754 28,229
Creditors: Amounts Falling Due After More Than One Year 7 (3,670 ) (4,271 )
NET ASSETS 75,084 23,958
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 74,984 23,858
SHAREHOLDERS' FUNDS 75,084 23,958
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jacqueline MacGregor
Director
20/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lake View Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06844003 . The registered office is Apps Court Farm, Hurst Road, Walton-On-Thames, England, KT12 2EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Biological assets
Biological assets are measured at fair value less costs to sell, except where fair value cannot be reliably measured. In such cases, the asset is measured at cost less accumulated depreciation and impairment losses. Changes in fair value are recognised in the profit and loss account in the period in which they arise.
Costs incurred in maintaining and developing biological assets are recognised as expenses when incurred unless they meet the criteria for capitalisation.
Where applicable, government grants relating to biological assets are accounted for in accordance with the requirements of FRS 102 Section 24 (Government Grants)
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Biological assets
Other
£
Cost
As at 1 April 2023 13,506
Revaluations 51,494
As at 31 March 2024 65,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 65,000
As at 1 April 2023 13,506
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by associates 36,868 37,973
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,001 22,106
Accruals and deferred income 1,285 1,104
Amounts owed to associates 950 250
23,236 23,460
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,670 4,271
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4