Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312false2024-01-01holding company2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12374906 2024-01-01 2024-12-31 12374906 2023-01-01 2023-12-31 12374906 2024-12-31 12374906 2023-12-31 12374906 c:Director1 2024-01-01 2024-12-31 12374906 d:CurrentFinancialInstruments 2024-12-31 12374906 d:CurrentFinancialInstruments 2023-12-31 12374906 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12374906 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12374906 d:ShareCapital 2024-12-31 12374906 d:ShareCapital 2023-12-31 12374906 d:SharePremium 2024-12-31 12374906 d:SharePremium 2023-12-31 12374906 d:RetainedEarningsAccumulatedLosses 2024-12-31 12374906 d:RetainedEarningsAccumulatedLosses 2023-12-31 12374906 c:FRS102 2024-01-01 2024-12-31 12374906 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12374906 c:FullAccounts 2024-01-01 2024-12-31 12374906 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12374906 6 2024-01-01 2024-12-31 12374906 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration Number:  12374906



















L & CO TRADING LTD
UNAUDITED
FINANCIAL STATEMENTS
 31 DECEMBER 2024













img58b8.png
 
L & CO TRADING LTD
REGISTERED NUMBER: 12374906

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,200,351
351

  
3,200,351
351

Current assets
  

Debtors: amounts falling due within one year
 5 
148,704
148,350

Cash at bank and in hand
 6 
3,026
13,561

  
151,730
161,911

Creditors: amounts falling due within one year
 7 
(3,193,174)
(36,074)

Net current (liabilities)/assets
  
 
 
(3,041,444)
 
 
125,837

Total assets less current liabilities
  
158,907
126,188

  

Net assets
  
158,907
126,188


Capital and reserves
  

Called up share capital 
  
382
366

Share premium account
  
25,096
11,675

Profit and loss account
  
133,429
114,147

  
158,907
126,188


Page 1
 
L & CO TRADING LTD
REGISTERED NUMBER: 12374906

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Michael Linsky
Director

Date: 29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
L & CO TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The principal activity of the company during the year was that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the basis the company will continue as a going concern.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3
 
L & CO TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
26,233
26,241

26,233
26,241


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
351


Additions
3,200,000



At 31 December 2024
3,200,351





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
148,100
148,100

Other debtors
604
250

148,704
148,350



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,026
13,561

3,026
13,561


Page 4
 
L & CO TRADING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,860
-

Amounts owed to group undertakings
1,588,509
35,200

Other taxation and social security
720
720

Other creditors
1,602,085
154

3,193,174
36,074



8.


Related party transactions

Included in other debtors are intercompany loans of £148,100 (2023: £148,100) with L & Co Investments  Ltd  the parent company, the loan is interest free. During the year a loan of £35,000 due to Glamour Mirrors Limited was written off.
Included in other creditors is an intercompany loan of £100 (2023: £100) with Luka Smart Ltd,  and £1,588,309 with Sensio Limited and £100 (2023:£35,100) with Glamour Mirrors Ltd  both subsidiary companies; these loans are interest free.
Dividends of £492,000 (2023: £617,404) were received from subsidiary companies and dividends of £462,000 (2023: £591,404) were paid to shareholders.


9.


Controlling party

The parent company is L & Co Investments Ltd, registered at Unit 7, Speedwell Road, Whitwood, Castleford, West Yorkshire, England, WF10 5PY.


Page 5