| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024 |
| FOR |
| LANCASHIRE ACQUISITIONS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024 |
| FOR |
| LANCASHIRE ACQUISITIONS LTD |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 30 June 2023 to 28 June 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| LANCASHIRE ACQUISITIONS LTD |
| COMPANY INFORMATION |
| for the Period 30 June 2023 to 28 June 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Douglas Bank House |
| Wigan Lane |
| Wigan |
| Lancashire |
| WN1 2TB |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| STATEMENT OF FINANCIAL POSITION |
| 28 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 28 June 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 30 June 2023 to 28 June 2024 |
| 1. | STATUTORY INFORMATION |
| Lancashire Acquisitions Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Investment properties are accounted for 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" and are revalued annually to open market value. Changes in market value are reflected in the fair value reserve except when an impairment is deemed to be permanent, when the loss is charged directly against the current year’s profit. |
| No depreciation is provided in respect of investment properties. This treatment is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. However, the directors consider that these properties are not held for consumption but for investment and that to depreciate them would not give a true and fair view. The amount of depreciation which might otherwise have been charged cannot be separately identified or quantified as it is not practical to assess the estimated useful lives of investment properties. |
| Financial instruments |
| Debt instruments that are payable or receivable within one year, typically trade debtors, bank accounts and bank loans, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received. |
| Debt instruments that are payable over one year, typically bank loans, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid. These amounts have been calculated over the term of the loan. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 30 June 2023 to 28 June 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 30 June 2023 |
| and 28 June 2024 |
| DEPRECIATION |
| At 30 June 2023 |
| Charge for period |
| At 28 June 2024 |
| NET BOOK VALUE |
| At 28 June 2024 |
| At 29 June 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 30 June 2023 |
| and 28 June 2024 |
| NET BOOK VALUE |
| At 28 June 2024 |
| At 29 June 2023 |
| In the opinion of the director, the market value for the existing use of the company's investment property at the balance sheet date is not materially different from the book value as stated in these financial statements. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 30 June 2023 to 28 June 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 299,954 | 320,744 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| There is a legal charge in place over the assets of the company, in favour of the bank. |