Company No:
Contents
| DIRECTOR | R Chhung |
| REGISTERED OFFICE | Initial Business Centre |
| Unit 7 | |
| Wilson Business Park | |
| Manchester | |
| M40 8WN | |
| United Kingdom |
| COMPANY NUMBER | 06663022 (England and Wales) |
| ACCOUNTANT | S&W Partners (Manchester) Limited |
| Pall Mall | |
| 1 Pollen Square | |
| 59 King Street | |
| Manchester | |
| M2 4PD |
| Note | 2026 | 2025 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
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| 2,287,000 | 2,287,000 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 44,966 | 35,464 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (251,072) | (608,421) | ||
| Total assets less current liabilities | 2,035,928 | 1,678,579 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Fair value reserve |
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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 Lake Investments North West Limited (registered number:
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R Chhung
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Lake Investments North West Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Initial Business Centre, Unit 7, Wilson Business Park, Manchester, M40 8WN, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Lake Investments North West Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
At the balance sheet date, the company had net current liabilities of £251,072 (2025: £608,421). The directors have reviewed the company's current financial position, cash flow forecasts and future trading prospects. Based on this review, the directors are satisfied that the company will be able to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.
The directors have considered the availability of financial support from shareholders/related parties, the continued support of creditors, and expected future trading performance. On this basis, they believe that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
| 2026 | 2025 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 February 2025 |
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| As at 31 January 2026 |
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Valuation
The investment properties class of fixed assets were revalued on 31 January 2026 by the director who is internal to the company. The basis of this valuation was open market value with existing use. This class of assets has a current value of £2,287,000 (2025 - £2,287,000) and a carrying amount at historical cost of £1,793,940 (2025 - £1,793,940).
| 2026 | 2025 | ||
| £ | £ | ||
| Other debtors |
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| 2026 | 2025 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Taxation and social security |
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| Other creditors |
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| 2026 | 2025 | ||
| £ | £ | ||
| Bank loans (secured) |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
| 2026 | 2025 | ||
| £ | £ | ||
| Bank loans (secured £1,161,623 / repayable by instalments) |
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| 2026 | 2025 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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