REGISTERED NUMBER: 00890468 (England and Wales)

L & G Investments Limited

Financial Statements

for the Year Ended 30 November 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C K Hanselman

Ms L M Hanselman

Ms G M Hanselman

REGISTERED OFFICE:

33 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

00890468 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Santander

Customer Service Centre

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

92,510

261,252

92,510

261,252

CURRENT ASSETS

Stocks

-

78,684

Debtors

6

375,355

429,388

Cash at bank and in hand

1,533,976

1,088,684

1,909,331

1,596,756

CREDITORS

Amounts falling due within one year

7

220,472

204,354

NET CURRENT ASSETS

1,688,859

1,392,402

TOTAL ASSETS LESS CURRENT LIABILITIES

1,781,369

1,653,654

PROVISIONS FOR LIABILITIES

4,449

38,611

NET ASSETS

1,776,920

1,615,043

CAPITAL AND RESERVES

Called up share capital

9

56,100

56,048

Retained earnings

1,720,820

1,558,995

SHAREHOLDERS' FUNDS

1,776,920

1,615,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:

Ms L M Hanselman - Director

Ms G M Hanselman - Director

1.	STATUTORY INFORMATION

L & G Investments Limited 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 company's functional and presentation currency is the pound sterling £.

All financial information presented has been rounded to the nearest £, unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts received for the provision of goods and services during the year, exclusive of value added tax. Revenue of the company, which is generated from the sale of food and beverages, is recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has now been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements

-

Over the term of the lease

Plant, equipment, fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Freehold land is not depreciated.

Fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 83 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

8,659

Disposals

(8,659

)

At 30 November 2024

-

AMORTISATION

At 1 December 2023

8,659

Eliminated on disposal

(8,659

)

At 30 November 2024

-

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	TANGIBLE FIXED ASSETS

Plant,

equipment,

Short

fixtures

Freehold

leasehold

and

land

improvements

fittings

£

£

£

COST

At 1 December 2023

45,712

9,137

1,708,599

Additions

-

-

9,372

Disposals

-

(9,137

)

(1,717,971

)

At 30 November 2024

45,712

-

-

DEPRECIATION

At 1 December 2023

-

9,136

1,564,160

Charge for year

-

-

17,349

Eliminated on disposal

-

(9,136

)

(1,581,509

)

At 30 November 2024

-

-

-

NET BOOK VALUE

At 30 November 2024

45,712

-

-

At 30 November 2023

45,712

1

144,439

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2023

116,811

34,304

1,914,563

Additions

-

1,783

11,155

Disposals

(17,201

)

(32,124

)

(1,776,433

)

At 30 November 2024

99,610

3,963

149,285

DEPRECIATION

At 1 December 2023

55,673

24,342

1,653,311

Charge for year

15,111

1,834

34,294

Eliminated on disposal

(15,791

)

(24,394

)

(1,630,830

)

At 30 November 2024

54,993

1,782

56,775

NET BOOK VALUE

At 30 November 2024

44,617

2,181

92,510

At 30 November 2023

61,138

9,962

261,252

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

348,856

-

Directors' current accounts

6,860

393,441

VAT

13,712

-

Prepayments and accrued income

5,927

35,947

375,355

429,388

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,243

45,692

Tax

202,406

-

Social security and other taxes

-

21,021

VAT

-

100,555

Other creditors

5,273

7,546

Accruals and deferred income

10,550

29,540

220,472

204,354

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

141,931

Between one and five years

-

188,500

-

330,431

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

52

A Ordinary

£1

52

-

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

56,048

Ordinary

£1

56,048

56,048

The following shares were issued during the year for cash at par :

52 A Ordinary shares of £1

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

Mr C K Hanselman

Balance outstanding at start of year

845

5,831

Amounts advanced

266

845

Amounts repaid

(845

)

(5,831

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

266

845

Ms L M Hanselman

Balance outstanding at start of year

392,596

-

Amounts advanced

6,236

392,596

Amounts repaid

(395,535

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,297

392,596

Ms G M Hanselman

Balance outstanding at start of year

-

-

Amounts advanced

3,297

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,297

-