Company registration number 14366191 (England and Wales)
LICHFIELD VENTURES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LICHFIELD VENTURES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LICHFIELD VENTURES LTD
BALANCE SHEET
AS AT
20 MARCH 2026
20 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
369,277
492,369
Investments
4
102
102
369,379
492,471
Current assets
Cash at bank and in hand
20,716
20,763
Creditors: amounts falling due within one year
5
(628,719)
(637,007)
Net current liabilities
(608,003)
(616,244)
Net liabilities
(238,624)
(123,773)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(238,724)
(123,873)
Total equity
(238,624)
(123,773)

For the financial year ended 20 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mrs M. K. Gilchrist
Director
Company registration number 14366191 (England and Wales)
LICHFIELD VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MARCH 2026
- 2 -
1
Accounting policies
Company information

Lichfield Ventures Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Northwood Estate Agents, 9 Hightown, Sandbach, Cheshire, CW11 1AD.

1.1
Basis of preparation

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 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

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company meets its day to day requirements through loans from the directors and associated companies who have indicated that repayment of the loans will not be sought within one year. The financial statements have therefore been prepared on a going concern basis and do not contain any adjustment that might have ben necessary if the loans were not to continue at an appropriate level.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are measured at cost.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

LICHFIELD VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 20 MARCH 2026
- 3 -
2
Employees

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

2026
2025
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 21 March 2025 and 20 March 2026
615,461
Amortisation and impairment
At 21 March 2025
123,092
Amortisation charged for the year
123,092
At 20 March 2026
246,184
Carrying amount
At 20 March 2026
369,277
At 20 March 2025
492,369
4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
102
102
5
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
212,263
144,118
Corporation tax
3,217
-
0
Other creditors
413,239
492,889
628,719
637,007
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