Registration number: 10633592

Lasch Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 9

Lasch Limited

Company Information

Director

A Stewart-Clark

Registered office

Sinclaire Cottage Portsmouth Road Ripley Woking Surrey GU23 6EW

Auditors

Streets Audit LLP Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL

Lasch Limited

(Registration number: 10633592)
Statement of Financial Position
30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	70,860	95,233
Current assets
Debtors	5	353,388	2,245,564
Cash at bank and in hand		18,312	282,090
		371,700	2,527,654
Creditors: Amounts falling due within one year	6	(365,480)	(254,573)
Net current assets		6,220	2,273,081
Total assets less current liabilities		77,080	2,368,314
Creditors: Amounts falling due after more than one year	6	(63,106)	(2,293,064)
Net assets		13,974	75,250
Capital and reserves
Called up share capital		100	100
Retained earnings		13,874	75,150
Shareholders' funds		13,974	75,250

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 21 August 2026
 

......................................... A Stewart-Clark Director

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sinclaire Cottage Portsmouth Road
Ripley
Woking
Surrey
GU23 6EW
United Kingdom

These financial statements were authorised for issue by the director on 21 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis as the director believes that no material uncertainties exist. The director has considered the level of reserves held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the company to be able to continue as a going concern.

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 21 August 2026 was Matthew Hodson BSc FCA, who signed for and on behalf of Streets Audit LLP.

.........................................

Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Management is required to make key decisions and judgements in the process of applying the Company's accounting policies. The most significant areas where such judgements have been necessary is the valuation of investment properties. Where judgement has been applied, the key factors taken into consideration are disclosed in the accounting policies and the appropriate note in these financial statements.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	2,295	92,938	95,233
Additions	-	24,925	24,925
Disposals	-	(28,000)	(28,000)
At 30 November 2025	2,295	89,863	92,158
Depreciation
Charge for the year	344	20,954	21,298
At 30 November 2025	344	20,954	21,298
Carrying amount
At 30 November 2025	1,951	68,909	70,860
At 30 November 2024	2,295	92,938	95,233

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		128,018	101,777
Amounts owed by related parties	7	220,439	2,119,121
Other debtors		4,931	24,666
		353,388	2,245,564

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	87,532	49,211
Taxation and social security	29,202	-
Accruals and deferred income	2,500	600
Other creditors	246,246	204,762
	365,480	254,573

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	63,106	2,293,064

7	Related party transactions

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Other transactions with the director

During the year Lasch made a payment of £74,279 (2024: £69,420) to the director, Alex Stewart-Clark for the hire of equipment.

Summary of transactions with other related parties

Loans to Group companies

Loans to related parties

2025	Parent £	Group companies £	Total £
At start of period	100,030	2,019,091	2,119,121
Advanced	-	306,609	306,609
Repaid	-	(2,205,291)	(2,205,291)
At end of period	100,030	120,409	220,439

2024	Parent £	Group companies £	Total £
At start of period	-	534,894	534,894
Advanced	100,030	2,550,279	2,650,309
Repaid	-	(1,066,082)	(1,066,082)
At end of period	100,030	2,019,091	2,119,121

Lasch Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Loans from related parties

2025	Group companies £	Total £
At start of period	2,293,064	2,293,064
Advanced	(3,386,839)	(3,386,839)
Repaid	1,156,880	1,156,880
At end of period	63,105	63,105

2024	Other related parties £	Total £
At start of period	258,627	258,627
Advanced	(2,344,590)	(2,344,590)
Repaid	4,379,027	4,379,027
At end of period	2,293,064	2,293,064

During the year the company wrote off amounts due from related companies of £730,593 and amounts of £687,219 due to related companies. The net effect of £43,374 has been recognised as an expense in the profit and loss account.

8	Parent and ultimate parent undertaking

The ultimate controlling party by virtue of owning 100% shares in Providence Place Ltd is Alex Stewart-Clark.

 The company's immediate parent is Providence Place Ltd, incorporated in England & Wales.

 

The parent of the smallest (and largest) group in which these financial statements are consolidated is Providence Place Ltd, incorporated in England & Wales. The address of Providence Place Ltd is Sinclaire Cottage, Portsmouth Road, Ripley, Woking, Surrey, GU23 6EW.