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Registration number: 14435934

Lakeside M&E Holdings Limited
Annual Report and
Unaudited Financial Statements

30 June 2024

 

Lakeside M&E Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Lakeside M&E Holdings Limited

Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

100,000

100,000

Current assets

 

Debtors

5

5,758

5,758

Total assets less current liabilities

 

105,758

105,758

Creditors: Amounts falling due after more than one year

6

(102,000)

(105,757)

Net assets

 

3,758

1

Capital and reserves

 

Called up share capital

1

1

Retained earnings

3,757

-

Shareholders' funds

 

3,758

1

For the financial year 21 October 2022 to 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
J L Shepherd
Director

Company Registration Number: 14435934

 

Lakeside M&E Holdings Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, based on the continued trading of its subsidary, whose accounts have been prepared on the same basis.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Lakeside M&E Holdings Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

100,000

100,000

 

Lakeside M&E Holdings Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Subsidiaries

£

Cost or valuation

At 1 July 2023

100,000

Provision

Carrying amount

At 30 June 2024

100,000

At 30 June 2023

100,000

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Subsid1

England

Ordinary

100%

100%

         

Subsidiary undertakings

Subsid1

The principal activity of Subsid1 is testing. The loss for the financial period of Subsid1 was £10,000 and the aggregate amount of Capital and reserves at the end of the period was £(100,000).

5

Debtors

Current

2024
£

2023
£

Other debtors

5,758

5,758

 

5,758

5,758

 

Lakeside M&E Holdings Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

102,000

105,757

7

Related party transactions

Transactions with Directors

2024

At 1 July 2023
£

At 30 June 2024
£

A P Shepherd

Loan to Director

4,758

4,758

2023

At 21 October 2022
£

Advances to Director
£

At 30 June 2023
£

A P Shepherd

Loan to Director

-

4,758

4,758

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.
The director who is also the sole shareholder receives dividends as part of this remuneration package.