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Registered number: 10529900
Lakeview Properties Three Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Shaw Wallace
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10529900
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 154,691 154,691
154,691 154,691
CURRENT ASSETS
Debtors 5 498,670 485,893
Cash at bank and in hand - 999
498,670 486,892
NET CURRENT ASSETS (LIABILITIES) 498,670 486,892
TOTAL ASSETS LESS CURRENT LIABILITIES 653,361 641,583
NET ASSETS 653,361 641,583
CAPITAL AND RESERVES
Called up share capital 6 721,942 721,942
Profit and Loss Account (68,581 ) (80,359 )
SHAREHOLDERS' FUNDS 653,361 641,583
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Warwicker
Director
24/09/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lakeview Properties Three Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10529900 . The registered office is 43 Manchester Street, London, W1U 7LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 154,691
The investment property was valued at £154,691 (2023: £154,691) on 31 December 2024. The valuation was performed by the directors and arrived at using their own assessment and expertise. There was no surplus or deficit arising from changes in fair value recognised in the profit and loss account during the year.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 498,670 485,893
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 721,942 721,942
7. Related Party Transactions
Included in debtors at reporting date is a balance of £498,670 (2023: £485,894) owing from Central Property Rooms Limited, a company related by virtue of common control.
The balance detailed above represents a working capital loan, bears no interest and has no formal terms of repayment.
8. Ultimate Controlling Party
The ultimate controlling party is Mr. D Warwicker.
The ultimate parent company is Marylebone Square Holdings Ltd.
Lakeview Commercial Three Limited is wholly owned subsidiary of Marylebone Square Property Group Ltd
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