Lakedev Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05539609 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Lakedev Investments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

833,030

833,374

Current assets

Debtors

5

10,000

Cash at bank

605

1,388

10,605

11,388

Creditors

Amounts falling due within one year

6

(134,674

)

(138,272

)

Net current liabilities

(124,069

)

(126,884

)

Total assets less current liabilities

708,961

706,490

Creditors

Amounts falling due after more than
one year

7

(531,733

)

(533,733

)

Provisions for liabilities

9

(9,500

)

(9,500

)

Net assets

167,728

163,257

Capital and reserves

Called up share capital

10

68

Share premium

11

138,657

Revaluation reserve

11

50,000

Capital redemption reserve

11

32

Retained earnings

11

(21,029

)

(25,500

)

Shareholders' funds

167,728

163,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 October 2025 and were signed by:

Dr Habib Akram - Director

1.	Statutory information

Lakedev Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05539609

Registered office:

436 Welford Road

Leicester

Leicestershire

LE2 6EL

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

4.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

Cost

At 1 December 2023

and 30 November 2024

832,000

5,762

837,762

Depreciation

At 1 December 2023

-

4,388

Charge for year

-

344

At 30 November 2024

-

4,732

Net book value

At 30 November 2024

832,000

1,030

833,030

At 30 November 2023

832,000

1,374

833,374

5.

Debtors: amounts falling due within one year

30.11.24

30.11.23

£

Trade debtors

10,000

6.

Creditors: amounts falling due within one year

30.11.24

30.11.23

£

Trade creditors

134,674

138,272

7.

Creditors: amounts falling due after more than one year

30.11.24

30.11.23

£

Bank loans (see note 8)

4,880

6,880

Hire purchase contracts

526,853

531,733

533,733

8.

Loans

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

Amounts falling due between one and two years:

Bank loans > 1 year

4,880

6,880

9.	Provisions for liabilities

30.11.24

30.11.23

£

Deferred tax

Other timing differences

9,500

Deferred tax

£

Balance at 1 December 2023

Prior year adjustment

9,500

As restated

9,500

Balance at 30 November 2024

9,500

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

68

Share Capital

1

68

11.

Reserves

Capital

Retained

Share

Revaluation

redemption

earnings

premium

reserve

Totals

£

At 1 December 2023

(25,500

)

138,657

50,000

32

163,189

Profit for the year

4,471

At 30 November 2024

(21,029

)

138,657

50,000

32

167,660