1 January 2024 false No description of principal activity Taxfiler 2024.6 12371981 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12371981 2023-12-31 12371981 2024-01-01 2024-12-31 12371981 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12371981 business:FilletedAccounts 2024-01-01 2024-12-31 12371981 2024-12-31 12371981 business:Director1 2024-01-01 2024-12-31 12371981 business:RegisteredOffice 2024-01-01 2024-12-31 12371981 2023-12-31 12371981 core:WithinOneYear 2024-12-31 12371981 core:WithinOneYear 2023-12-31 12371981 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 12371981 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 12371981 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 12371981 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 12371981 core:PreviouslyStatedAmount 2024-12-31 12371981 core:PreviouslyStatedAmount 2023-12-31 12371981 business:SmallEntities 2024-01-01 2024-12-31 12371981 countries:EnglandWales 2024-01-01 2024-12-31 12371981 core:ComputerEquipment 2024-01-01 2024-12-31 12371981 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 12371981 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 12371981 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 12371981 core:ComputerEquipment 2023-12-31 12371981 core:ComputerEquipment 2024-12-31 12371981 core:AfterOneYear 2024-12-31 12371981 core:AfterOneYear 2023-12-31 12371981 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12371981 (England and Wales)
Lapay Holdings Ltd Unaudited accounts for the year ended 31 December 2024
Lapay Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lapay Holdings Ltd Company Information for the year ended 31 December 2024
Director
Dongdong Wang
Company Number
12371981 (England and Wales)
Registered Office
86-90 Paul Street London EC2A 4NE ENGLAND
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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Lapay Holdings Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
274,302
308,590
Tangible assets
5
-
1,306
274,302
309,896
Current assets
Debtors
6
326,965
422,681
Cash at bank and in hand
70,778
194,805
397,743
617,486
Creditors: amounts falling due within one year
7
(23,200)
(86,855)
Net current assets
374,543
530,631
Net assets
648,845
840,527
Capital and reserves
Called up share capital
1,222,000
1,222,000
Profit and loss account
(573,155)
(381,473)
Shareholders' funds
648,845
840,527
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2025 and were signed on its behalf by
Dongdong Wang Director Company Registration No. 12371981
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Lapay Holdings Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lapay Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12371981. The registered office is 86-90, Paul Street, London, EC2A 4NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Useful life has been estimated at 10 years.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
342,878
At 31 December 2024
342,878
Amortisation
At 1 January 2024
34,288
Charge for the year
34,288
At 31 December 2024
68,576
Net book value
At 31 December 2024
274,302
At 31 December 2023
308,590
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Lapay Holdings Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
2,917
Disposals
(2,917)
At 31 December 2024
-
Depreciation
At 1 January 2024
1,611
Charge for the year
973
On disposals
(2,584)
At 31 December 2024
-
Net book value
At 31 December 2024
-
At 31 December 2023
1,306
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
202,054
394,121
Amounts falling due after more than one year
Amounts due from group undertakings etc.
121,351
-
Other debtors
3,560
28,560
124,911
28,560
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
(11)
8,947
Other creditors
-
54,697
Loans from directors
23,211
23,211
23,200
86,855
8
Transactions with related parties
The company has provided a loan to Lapay UK Ltd. The loan is interest-free and is repayable on demand. The loan is not expected to be recalled within the next 12 months.
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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