for the Period Ended 31 August 2024
| Balance sheet | |
| Notes |
As at
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Notes |
2024 |
2023 |
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£ |
£ |
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| Fixed assets | |||
| Investments: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Total current assets: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
( |
( |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Shareholders funds: |
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The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 August 2024
The Company is a Partner with a 0.03% stake in Lapithus Servicing LLP (’Servicing LLP’) which was established to provide master servicing and special servicing functions in relation to performing and non-performing loans on behalf of the Company’s and the Servicing LLP’s Ultimate Controller Company EPF III. The turnover for the financial year ending 31 December 2024 is £7,004 (2023: £19,733) which is in line with the Management Committee’s expectations. The loss for the year 2024 is £2,267 (2023: profit of £940). The Servicing LLP also ended the financial year with cash of £848 (2023: £1,223) and net assets of £2,968,094 (2023: £2,970,361). The Company is also a Partner with a 50% stake in Lapithus Management LLP (‘Management LLP’) which was formed in July 2013. The Management LLP made a profit of £353,115 during 2024 (2023: £391,602). The Management LLP also ended the financial period with cash of £55,086 (2023: £881,787) and net assets of £3,296,806 (2023: £2,912,027).
for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Debtors due after more than one year: |
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for the Period Ended 31 August 2024
| Name of the related party: |
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| Relationship: |
Shareholder
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| Description of the Transaction: |
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| £ | ||
| Balance at 01 September 2023 |
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| Balance at 31 August 2024 |
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for the Period Ended 31 August 2024