REGISTERED NUMBER: 02115859 (England and Wales)

LIGHTCOURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Butcher

A R Ross

S W Jones

REGISTERED OFFICE:

Pantglas Hall

Llanfynydd

CARMARTHEN

Carmarthenshire

SA32 7BY

REGISTERED NUMBER:

02115859 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

13,650

16,209

CURRENT ASSETS

Stocks

5

4,067

4,153

Debtors

6

62,526

64,632

Cash at bank and in hand

12,721

24,184

79,314

92,969

CREDITORS

Amounts falling due within one year

7

(30,035

)

(38,508

)

NET CURRENT ASSETS

49,279

54,461

TOTAL ASSETS LESS CURRENT LIABILITIES

62,929

70,670

CREDITORS

Amounts falling due after more than one year

8

(3,276

)

(11,001

)

PROVISIONS FOR LIABILITIES

(2,809

)

(3,748

)

NET ASSETS

56,844

55,921

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

56,842

55,919

SHAREHOLDERS' FUNDS

56,844

55,921

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J Butcher - Director

1.	STATUTORY INFORMATION

Lightcourt 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

The turnover shown in the profit and loss account represents amounts received from the management and provision of leisure services during the year, exclusive of Value Added Tax.

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

-

25% on reducing balance

Motor Vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Machinery

Vehicles

Totals

£

£

£

COST

At 1 January 2024

156,908

4,600

161,508

Additions

-

2,000

2,000

At 31 December 2024

156,908

6,600

163,508

DEPRECIATION

At 1 January 2024

144,341

958

145,299

Charge for year

3,149

1,410

4,559

At 31 December 2024

147,490

2,368

149,858

NET BOOK VALUE

At 31 December 2024

9,418

4,232

13,650

At 31 December 2023

12,567

3,642

16,209

5.

STOCKS

2024

2023

£

£

Stocks

4,067

4,153

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,312

1,861

Other debtors

52,008

52,788

VAT

5,518

5,987

Prepayments and accrued income

3,688

3,996

62,526

64,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,730

7,538

Trade creditors

6,675

10,054

Corporation tax

1,010

-

Director's current account

2,000

-

Accruals and deferred income

12,620

20,916

30,035

38,508

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

3,276

7,725

Bank loans - 2-5 years

-

3,276

3,276

11,001

9.	SECURED DEBTS

Any HSBC bank borrowing is secured by a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

11.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of MBH3 Limited, a company incorporated in England and Wales.