Company No:
Contents
| Note | 27.03.2026 | 27.03.2025 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 5,919,336 | 0 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand | 5 |
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| 3,341 | 1 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current (liabilities)/assets | (1,937,598) | 1 | ||
| Total assets less current liabilities | 3,981,738 | 1 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Profit and loss account | (
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of LCAM Group Limited (registered number:
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I J Moglia
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
LCAM Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Macdonald Henderson Wellington Place, 107 West Regent Street, Glasgow, G2 2BA, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company is supported through loans from the Subsidiary Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Subsidiary Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
| Year ended 27.03.2026 |
Period from 22.01.2025 to 27.03.2025 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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Investments in subsidiaries
| 27.03.2026 | |
| £ | |
| Cost | |
| At 28 March 2025 |
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| Additions |
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| At 27 March 2026 |
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| Carrying value at 27 March 2026 |
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| Carrying value at 27 March 2025 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 27.03.2026 |
Held |
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C/O Macdonald Henderson Wellington Place, 107 West Regent Street, Glasgow, Scotland, G2 2BA | Holding Company |
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Direct |
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C/O Macdonald Henderson Wellington Place, 107 West Regent Street, Glasgow, Scotland, G2 2BA | Cable Manufacturing |
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Indirect |
| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Other debtors |
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| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Cash at bank and in hand |
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| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
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| Amounts owed to related parties |
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Of the total balance, £300,000 relates to a loan secured by a floating charge granted by the Company over the whole of its property and undertaking in favour of Panoramic SME Fund 3 LP on 28 March 2025. The remaining related party loan balances are unsecured.
| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Amounts owed to related parties |
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| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 448,001 | 1 |
Transactions with owners holding a participating interest in the entity
| 27.03.2026 | 27.03.2025 | ||
| £ | £ | ||
| Amounts due to shareholders | (4,439,048) | 0 |
Loan balances of £2,934,550, are secured, bear interest at 14% and are repayable over a four-year term.
Loan balances of £1,504,498 are unsecured, bear interest at 5% and are repayable over a four-year term
The company has taken advantage of disclosure exemptions available under Section 33 for FRS 102 whereby it has not disclosed transactions entered into with any wholly-owned subsidiary of the group.