Lakeview Marquee Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07254208 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LAKEVIEW MARQUEE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Bhogal

SECRETARY:

REGISTERED OFFICE:

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

07254208 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Intangible assets

4

749

Tangible assets

5

26,567

27,316

CURRENT ASSETS

Debtors

6

15,219

Cash at bank and in hand

50,050

65,269

CREDITORS

Amounts falling due within one year

7

122,314

NET CURRENT LIABILITIES

(57,045

)

(57,045

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,729

)

(29,729

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

8

(29,732

)

(29,732

)

SHAREHOLDERS' FUNDS

(29,729

)

(29,729

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 September 2025 and were signed by:

P S Bhogal - Director

1.	STATUTORY INFORMATION

Lakeview Marquee 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

Going concern

The accounts have prepared on a going concern basis on the assumption that the Company will continue to receive adequate financial assistance from the Directors who are also the shareholders.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 30 September 2024

749

NET BOOK VALUE

At 30 September 2024

749

At 30 September 2023

749

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 October 2023

and 30 September 2024

22,056

74,455

5,634

102,145

DEPRECIATION

At 1 October 2023

and 30 September 2024

18,333

53,653

3,592

75,578

NET BOOK VALUE

At 30 September 2024

3,723

20,802

2,042

26,567

At 30 September 2023

3,723

20,802

2,042

26,567

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

3,000

Other debtors

12,219

15,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Deposits

22,445

Trade creditors

11,123

Taxation and social security

50,246

Other creditors

38,500

122,314

8.

RESERVES

Retained

earnings

£

At 1 October 2023

(29,732

)

Profit for the year

-

At 30 September 2024

(29,732

)

9.	ULTIMATE CONTROLLING PARTY

During the year, the company was controlled by Phavandeep Singh by virtue of his shareholding.