Company registration number SC054567 (Scotland)
LANFINE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
LANFINE HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr P A Witteveen
Company number
SC054567
Registered office
3 - 5 Campbell Street
Darvel
Ayrshire
United Kingdom
KA17 0BU
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
United Kingdom
PA4 8WF
LANFINE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LANFINE HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
Fixed assets
Investments
4
2
2
Current assets
Debtors
5
150,961
155,881
Creditors: amounts falling due within one year
6
(23,224)
(23,224)
Net current assets
127,737
132,657
Net assets
127,739
132,659
Capital and reserves
Called up share capital
8
112,381
112,381
Share premium account
60,560
60,560
Profit and loss reserves
(45,202)
(40,282)
Total equity
127,739
132,659

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 February 2026
Mr P A Witteveen
Director
Company Registration No. SC054567
LANFINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Lanfine Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 - 5 Campbell Street, Darvel, Ayrshire, United Kingdom, KA17 0BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest .

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

LANFINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and equipment
Computers
Total
Cost
At 1 February 2024 and 31 January 2025
752,537
37,420
789,957
Depreciation and impairment
At 1 February 2024 and 31 January 2025
752,537
37,420
789,957
Carrying amount
At 31 January 2025
-
0
-
0
-
0
At 31 January 2024
-
0
-
0
-
0
4
Fixed asset investments
2025
2024
Shares in group undertakings and participating interests
2
2
5
Debtors
2025
2024
Amounts falling due within one year:
Other debtors
150,961
155,881
LANFINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
6
Creditors: amounts falling due within one year
2025
2024
Taxation and social security
320
320
Other creditors
22,904
22,904
23,224
23,224
7
Secured Debts

HSBC Bank PLC holds a floating charge over all property and assets of the company.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
Issued and fully paid
Ordinary of £1 each
112,377
112,377
112,377
112,377
A Ordinary of £1 each
1
1
1
1
B Ordinary of £1 each
1
1
1
1
C Ordinary of £1 each
1
1
1
1
D Ordinary of £1 each
1
1
1
1
112,381
112,381
112,381
112,381
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

2025
2024
Amounts due to related parties
Key management personnel
5,026
5,026
Other related parties
12,958
12,958

These loans are interest free, unsecured and no repayment terms have been established.

2025
2024
Amounts due from related parties
Other related parties
122,470
127,390
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