REGISTERED NUMBER: 14366191 (England and Wales)

Lichfield Ventures Ltd

Unaudited Financial Statements

for the Year Ended 20 March 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

R D A Gilchrist

J D Gilchrist

Mrs M K Gilchrist

Registered office:

Northwood Estate Agents

9 Hightown

Sandbach

CW11 1AD

Registered number:

14366191 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Intangible assets

4

492,369

518,820

Investments

5

102

102

492,471

518,922

Current assets

Debtors

6

-

11,127

Cash at bank

20,764

16,687

20,764

27,814

Creditors

Amounts falling due within one year

7

637,008

552,289

Net current liabilities

(616,244

)

(524,475

)

Total assets less current liabilities

(123,773

)

(5,553

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(123,873

)

(5,653

)

Shareholders' funds

(123,773

)

(5,553

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 March 2025 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 24 October 2025 and were signed on its behalf by:

J D Gilchrist - Director

1.	Statutory information

Lichfield Ventures Ltd 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Lichfield Ventures Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Going concern

The company meets its day to day requirements through loans to the company from the directors and shareholders who have indicated that repayment of the loan will not be sought within one year. The financial statements have, therefore, been prepared on a going concern basis and do not contain any adjustments that might have been necessary if the loan was not to continue at an appropriate level.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 2 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 21 March 2024

518,820

Additions

96,641

At 20 March 2025

615,461

Amortisation

Charge for year

123,092

At 20 March 2025

123,092

Net book value

At 20 March 2025

492,369

At 20 March 2024

518,820

5.	Fixed asset investments

Shares in

group

undertakin

£

Cost

At 21 March 2024

and 20 March 2025

102

Net book value

At 20 March 2025

102

At 20 March 2024

102

The company's investments at the Balance sheet date in the share capital of companies include the following:

Northwood (Macclesfield) Limited

Registered office: 9 Hightown,Sandbach,CW11 1AD

Nature of business: Estate Agents & lettings

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

134,137

121,054

Profit for the year

13,083

21,784

Northwood (Sandbach) Limited

Registered office: 9 Hightown,Sandbach,CW11 1AD

Nature of business: Estate agents & lettings

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

145,514

67,373

Profit for the year

78,141

78,321

6.

Debtors: amounts falling due within one year

20.3.25

20.3.24

£

£

Other debtors

-

11,127

7.

Creditors: amounts falling due within one year

20.3.25

20.3.24

£

£

Amounts owed to group undertakings

144,118

-

Other creditors

492,890

552,289

637,008

552,289