COMPANY REGISTRATION NUMBER:
13334865
|
Lake 103 Services Limited |
|
|
Filleted Unaudited Accounts |
|
|
Lake 103 Services Limited |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
4 |
394,162 |
321,885 |
|
Cash at bank and in hand |
3,815 |
452 |
|
--------- |
--------- |
|
397,977 |
322,337 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
292,013) |
(
141,440) |
|
--------- |
--------- |
|
Net current assets |
105,964 |
180,897 |
|
--------- |
--------- |
|
Total assets less current liabilities |
105,964 |
180,897 |
|
--------- |
--------- |
|
Net assets |
105,964 |
180,897 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
105,963 |
180,896 |
|
--------- |
--------- |
|
Shareholders funds |
105,964 |
180,897 |
|
--------- |
--------- |
|
|
|
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 statement of income and retained earnings 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
30 October 2025
, and are signed on behalf of the board by:
Company registration number:
13334865
|
Lake 103 Services Limited |
|
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.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
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 directors have fully considered the risks and uncertainties of the company's cash flow forecasts and have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. The company has the continued support of its parent company, Yoo Retreats Limited, who has agreed to continue to support the company for at least 12 months from the date of approval of these financial statements. As such, the directors deem the company to be a going concern.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
66,077 |
– |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
299,898 |
318,911 |
|
Other debtors |
28,187 |
2,974 |
|
--------- |
--------- |
|
394,162 |
321,885 |
|
--------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
126,120 |
– |
|
Corporation tax |
– |
32,490 |
|
Other creditors |
165,893 |
108,950 |
|
--------- |
--------- |
|
292,013 |
141,440 |
|
--------- |
--------- |
|
|
|
6.
Related party transactions
Included within the accounts, are services of £78,926 (2024: £188,131) that have been provided by entities under common control. At the year-end, amounts owed to entities under common control totalled £140,000 (2024: £105,000).