Company Registration No. 06894237 (England and Wales)
Lake Advisory Limited
Unaudited accounts
for the year ended 31 March 2025
Lake Advisory Limited
Unaudited accounts
Contents
Lake Advisory Limited
Company Information
for the year ended 31 March 2025
Company Number
06894237 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
Accountants
For and on Behalf of Tee Accounts Limited
Rosehill House
Bosinver Lane
Polgooth
PL26 7BA
Lake Advisory Limited
Statement of financial position
as at 31 March 2025
Tangible assets
54,745
65,109
Cash at bank and in hand
368,379
357,895
Creditors: amounts falling due within one year
(265,287)
(185,274)
Net current assets
382,678
333,650
Net assets
437,423
398,759
Called up share capital
100
100
Profit and loss account
437,323
398,659
Shareholders' funds
437,423
398,759
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. 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 12 December 2025 and were signed on its behalf by
Henrietta Lake
Director
Company Registration No. 06894237
Lake Advisory Limited
Notes to the Accounts
for the year ended 31 March 2025
Lake Advisory Limited is a private company, limited by shares, registered in England and Wales, registration number 06894237. The registered office is 124 City Road, London, EC1V 2NX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
10% straight line, per annum
Motor vehicles
20% straight line, per annum
Fixtures & fittings
20% straight line, per annum
Computer equipment
33.33% straight line, per annum
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
21,107
51,157
4,380
13,792
90,436
Additions
-
-
-
4,366
4,366
Disposals
-
-
(1,500)
(5,673)
(7,173)
At 31 March 2025
21,107
51,157
2,880
12,485
87,629
At 1 April 2024
5,065
5,116
4,219
10,927
25,327
Charge for the year
2,111
10,231
97
2,291
14,730
On disposals
-
-
(1,500)
(5,673)
(7,173)
At 31 March 2025
7,176
15,347
2,816
7,545
32,884
At 31 March 2025
13,931
35,810
64
4,940
54,745
At 31 March 2024
16,042
46,041
161
2,865
65,109
Lake Advisory Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
138,180
83,021
Amounts falling due after more than one year
Other debtors
78,717
77,353
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
46,422
43,253
Taxes and social security
78,328
22,003
Deferred income
139,154
120,018
During the year, the director of the company owed £60,045 (2024: £0) remaining unpaid to the company at the year end. The transactions have been conducted under normal market conditions.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).