Launcewood Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06557740

Launcewood Limited

Filleted Unaudited Accounts

31 March 2025

Launcewood Limited

Statement of Financial Position

31 March 2025

		2025		2024
Note		£	£	£	£
Creditors: amounts falling due within one year	3	25,976		24,560
		--------		--------
Net current liabilities			25,976		24,560
			--------		--------
Total assets less current liabilities			( 25,976)		( 24,560)
			--------		--------
Net liabilities			( 25,976)		( 24,560)
			--------		--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 25,977)	( 24,561)
	--------	--------
Shareholders deficit	( 25,976)	( 24,560)
	--------	--------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- 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 were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

J Hitchcox

Director

Company registration number: 06557740

Launcewood Limited

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bentinck Street, London, W1U 2FA, United Kingdom.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is in a net liability position of £25,976 at 31 March 2025 (2024: £24,560), but is considered to be a going concern by directors on the basis that the company has the support of Yoo Capital Limited, a company related by common ownership.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	24,820	23,427
Other creditors	1,156	1,133
	--------	--------
	25,976	24,560
	--------	--------

4. Related party transactions

Transactions and balances with wholly owned subsidiary undertakings are not further detailed under the provisions of FRS 102 Section 1A.