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Company Registration No. 08692931 (England and Wales)
Lake Street Development Limited Unaudited accounts for the year ended 31 March 2025
Lake Street Development Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lake Street Development Limited Company Information for the year ended 31 March 2025
Directors
Alison Clarke Harvey Clarke
Company Number
08692931 (England and Wales)
Registered Office
C/O Rpgcc 40 Gracechurch Street London London EC3V 0BT England
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Lake Street Development Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investments
5
446,857
446,857
Current assets
Inventories
-
44,541
Debtors
6
1,556
1,356
Cash at bank and in hand
-
(21,569)
1,556
24,328
Creditors: amounts falling due within one year
7
(141,780)
(110,738)
Net current liabilities
(140,224)
(86,410)
Total assets less current liabilities
306,633
360,447
Creditors: amounts falling due after more than one year
8
(126,208)
(128,751)
Net assets
180,425
231,696
Capital and reserves
Called up share capital
9
200
200
Profit and loss account
180,225
231,496
Shareholders' funds
180,425
231,696
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 directors acknowledge their 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 of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by
Harvey Clarke Director Company Registration No. 08692931
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Lake Street Development Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Lake Street Development Limited is a private company, limited by shares, registered in England and Wales, registration number 08692931. The registered office is C/O Rpgcc, 40 Gracechurch Street, London, London, EC3V 0BT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
4,921
At 31 March 2025
4,921
Depreciation
At 1 April 2024
4,921
At 31 March 2025
4,921
Net book value
At 31 March 2025
-
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Lake Street Development Limited Notes to the Accounts for the year ended 31 March 2025
5
Investments
Other investments
£
Valuation at 1 April 2024
446,857
Valuation at 31 March 2025
446,857
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
1,556
1,356
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,249
5,956
Trade creditors
-
19,785
Taxes and social security
501
8,794
Other creditors
132,930
73,703
Accruals
3,100
2,500
141,780
110,738
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
126,208
128,751
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £2 each
200
200
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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