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REGISTERED NUMBER: 03566420 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

LEWCO LTD.

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEWCO LTD.

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: L J Lewis
A J Lewis





SECRETARY: L J Lewis





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 03566420 (England and Wales)

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2 128
Investments 5 713,764 628,035
Investment property 6 283,385 283,385
997,151 911,548

CURRENT ASSETS
Debtors 7 1,633,604 1,580,246
Cash at bank 5,250 40,456
1,638,854 1,620,702
CREDITORS
Amounts falling due within one year 8 (938,691 ) (915,815 )
NET CURRENT ASSETS 700,163 704,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,697,314

1,616,435

CAPITAL AND RESERVES
Called up share capital 6 5
Retained earnings 1,697,308 1,616,430
1,697,314 1,616,435

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Balance Sheet - continued
30 JUNE 2024


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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





A J Lewis - Director


LEWCO LTD. (REGISTERED NUMBER: 03566420)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

Lewco Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company during the year was property rental.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2023
and 30 June 2024 1,858
DEPRECIATION
At 1 July 2023 1,730
Charge for year 126
At 30 June 2024 1,856
NET BOOK VALUE
At 30 June 2024 2
At 30 June 2023 128

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 628,000 35 628,035
Additions - 50 50
Revaluations 85,679 - 85,679
At 30 June 2024 713,679 85 713,764
NET BOOK VALUE
At 30 June 2024 713,679 85 713,764
At 30 June 2023 628,000 35 628,035

Cost or valuation at 30 June 2024 is represented by:

Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
Valuation in 2023 97,000 - 97,000
Valuation in 2024 85,679 - 85,679
Cost 531,000 85 531,085
713,679 85 713,764

LEWCO LTD. (REGISTERED NUMBER: 03566420)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 283,385
NET BOOK VALUE
At 30 June 2024 283,385
At 30 June 2023 283,385

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,390,000 1,165,000
Other debtors 243,604 415,246
1,633,604 1,580,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,102 4,645
Other creditors 936,589 911,170
938,691 915,815

9. RELATED PARTY DISCLOSURES

The company has a loan with a company owned by a person connected to the directors. The balance owed by this company is £81,351 (2023: £55,531). This amount includes interest of £2,351.

The company has another loan with a company owned by persons connected to the directors. The balance owed by this company is £37,250 (2023: £59,750). No interest has been charged on the loan.