| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 30 June 2023 to 28 June 2024 |
| for |
| Lancing Homes Holding Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 30 June 2023 to 28 June 2024 |
| for |
| Lancing Homes Holding Limited |
| Lancing Homes Holding Limited (Registered number: 14200618) |
| Contents of the Financial Statements |
| for the Period 30 June 2023 to 28 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Lancing Homes Holding Limited |
| Company Information |
| for the Period 30 June 2023 to 28 June 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Lancing Homes Holding Limited (Registered number: 14200618) |
| Balance Sheet |
| 28 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 | ( |
) | ( |
) |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 |
| Lancing Homes Holding Limited (Registered number: 14200618) |
| Notes to the Financial Statements |
| for the Period 30 June 2023 to 28 June 2024 |
| 1. | STATUTORY INFORMATION |
| Lancing Homes Holding Limited is a |
| 2. | ACCOUNTING POLICIES |
| Summary of significant accounting policies and key accounting estimates |
| The principal accounting policies applied in the preparation of these financial statements are set out |
| below. These policies have been consistently applied to all the years presented, unless otherwise stated. |
| Statement of compliance |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 |
| Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and |
| Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small |
| companies' regime). |
| Basis of preparation |
| These financial statements have been prepared using the historical cost convention except that as |
| disclosed in the accounting policies certain items are shown at fair value. |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| Going concern |
| The financial statements have been prepared on a going concern basis. |
| Judgements |
| The preparation of the financial statements requires management to make judgements, estimates and |
| assumptions that affect the amounts reported. These estimates and judgements are continually reviewed |
| and are based on experience and other factors, including expectations of future events that are believed |
| to be reasonable under the circumstances. |
| Investment property |
| Investment property is carried at fair value, derived from the current market prices for comparable real |
| estate determined annually by external valuers. The valuers use observable market prices, adjusted if |
| necessary for any difference in the nature, location or condition of the specific asset. Changes in fair |
| value are recognised in profit or loss. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid |
| investments that are readily convertible to a known amount of cash and are subject to an insignificant risk |
| of change in value. |
| Trade creditors |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary |
| course of business from suppliers. Accounts payable are classified as current liabilities if the company |
| does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor |
| for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for |
| at least twelve months after the reporting date, they are presented as non-current liabilities. |
| Trade creditors are recognised at the transaction price. |
| Share capital |
| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or |
| other resources received or receivable, net of the direct costs of issuing the equity instruments. If |
| payment is deferred and the time value of money is material, the initial measurement is on a present |
| value basis. |
| Lancing Homes Holding Limited (Registered number: 14200618) |
| 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. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertaking |
| £ |
| COST |
| At 30 June 2023 |
| and 28 June 2024 |
| NET BOOK VALUE |
| At 28 June 2024 |
| At 29 June 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors | ( |
) | ( |
) |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr Warren Canney and Mrs Kimberley Canney, by virtue of their majority |
| shareholding. |