Karen Lake Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12577736

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		240		240

			240		240
CURRENT ASSETS
Debtors	5	876		876
Investments	6	25,490		23,990
Cash at bank and in hand		44		1,544

		26,410		26,410
NET CURRENT ASSETS (LIABILITIES)			26,410		26,410

TOTAL ASSETS LESS CURRENT LIABILITIES			26,650		26,650

Creditors: Amounts Falling Due After More Than One Year	7		(11,000 )		(11,000 )

NET ASSETS			15,650		15,650

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			15,550		15,550

SHAREHOLDERS' FUNDS			15,650		15,650

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Miss Karen Lake

Director

23rd May 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Karen Lake Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12577736 . The registered office is 1 Frank Edinger Close, Kennington, Ashford, TN24 9RB.

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. 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 rendering of services.

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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	Straight Line Basis - 20%
Computer Equipment	Straight Line Basis - 20%

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2024	1,200	2,500	3,700

As at 30 April 2025	1,200	2,500	3,700

Depreciation
As at 1 May 2024	960	2,500	3,460

As at 30 April 2025	960	2,500	3,460

Net Book Value
As at 30 April 2025	240	-	240

As at 1 May 2024	240	-	240

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	876	876

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Karen Lake Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	25,490	23,990

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	11,000	11,000

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

10. Ultimate Controlling Party

The company's ultimate controlling party is Karen LAKE by virtue of his ownership of 100% of the issued share capital in the company.

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