LCF Activities Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07094994 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

LCF Activities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Fitzgerald

G J Waghorn

C S Giles

Mrs C A Waghorn

Mrs L E Giles

REGISTERED OFFICE:

6 Rowan Court

19 The Avenue

Beckenham

Kent

BR3 5LH

REGISTERED NUMBER:

07094994 (England and Wales)

FIXED ASSETS

Tangible assets

5

3,514

4,686

Investments

6

100

Investment property

7

2,589,000

2,449,000

2,592,614

2,453,786

CURRENT ASSETS

Debtors

8

266,723

83,723

Investments

9

40,000

Cash at bank

178,422

541,118

485,145

664,841

CREDITORS

Amounts falling due within one year

10

58,135

90,369

NET CURRENT ASSETS

427,010

574,472

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,019,624

3,028,258

CREDITORS

Amounts falling due after more than one
year

11

(49,485

)

(133,599

)

PROVISIONS FOR LIABILITIES

(235,125

)

(235,125

)

NET ASSETS

2,735,014

2,659,534

CAPITAL AND RESERVES

Called up share capital

200

Fair value reserve

13

748,822

Retained earnings

1,985,992

1,910,512

2,735,014

2,659,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 September 2025 and were signed on its behalf by:

A J Fitzgerald - Director

1.	STATUTORY INFORMATION

LCF Activities 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about LCF Activities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

33.3% on cost and 25% on reducing balance

Investments in subsidiaries

Investment in the subsidiary undertaking is recognised at cost.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

10,581

DEPRECIATION

At 1 January 2024

5,895

Charge for year

1,172

At 31 December 2024

7,067

NET BOOK VALUE

At 31 December 2024

3,514

At 31 December 2023

4,686

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,449,000

Additions

140,000

At 31 December 2024

2,589,000

NET BOOK VALUE

At 31 December 2024

2,589,000

At 31 December 2023

2,449,000

The investment properties are valued by the directors on an open market existing use basis.

The historical cost of the investment properties amount to £1,605,053 (2023: £1,465,053).

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

60,406

77,234

Other debtors

206,317

6,489

266,723

83,723

9.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

Other investments

40,000

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,788

15,626

Taxation and social security

32,179

10,625

Other creditors

15,168

64,118

58,135

90,369

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

49,485

133,599

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

60,273

123,391

The bank loan is secured by way of fixed and floating charge over the company's assets.

13.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

748,822

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2024, the director, Mr G J Waghorn owed the sum of £187,050 (2023: £nil) to the company and is included in debtors. The loan was unsecured and interest of 2.50% per annum was charged. The sum of £150,000 was repaid on 4 February 2025.