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REGISTERED NUMBER: 08102483 (England and Wales)


















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: Mrs B A Callaghan
A T Callaghan





REGISTERED OFFICE: Bretherton House
Bretherton Row
Wigan
Lancashire
WN1 1LL





REGISTERED NUMBER: 08102483 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
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 52,662 70,216
Investment property 5 1,049,416 1,049,416
1,102,078 1,119,632

CURRENT ASSETS
Debtors 6 29,337 14,996
Cash at bank and in hand 11,654 2,808
40,991 17,804
CREDITORS
Amounts falling due within one year 7 486,761 490,017
NET CURRENT LIABILITIES (445,770 ) (472,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,308

647,419

CREDITORS
Amounts falling due after more than one year 8 (395,182 ) (418,385 )

PROVISIONS FOR LIABILITIES (12,615 ) (17,003 )
NET ASSETS 248,511 212,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 248,411 211,931
SHAREHOLDERS' FUNDS 248,511 212,031

LANCASHIRE ACQUISITIONS LTD (REGISTERED NUMBER: 08102483)

STATEMENT OF FINANCIAL POSITION - continued
28 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 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 26 June 2025 and were signed on its behalf by:





A T Callaghan - Director


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 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023
and 28 June 2024 93,621
DEPRECIATION
At 30 June 2023 23,405
Charge for period 17,554
At 28 June 2024 40,959
NET BOOK VALUE
At 28 June 2024 52,662
At 29 June 2023 70,216

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 June 2023
and 28 June 2024 1,049,416
NET BOOK VALUE
At 28 June 2024 1,049,416
At 29 June 2023 1,049,416

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 18,342 10,506
Other debtors 10,995 4,490
29,337 14,996

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 23,807 24,410
Trade creditors 10,664 -
Taxation and social security 14,165 957
Other creditors 438,125 464,650
486,761 490,017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 395,182 418,385

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 418,989 442,795

There is a legal charge in place over the assets of the company, in favour of the bank.