Accounts filed on 31-08-2022

			Company registration number:04252588
		LANE FINANCIAL MANAGEMENT LTD.
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2022

LANE FINANCIAL MANAGEMENT LTD.
BALANCE SHEET
AS AT 31 August 2022
					2022				2021
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			326				435
							326				435
CURRENT ASSETS
Debtors				4	3,400				3,400
Cash at bank and in hand					39,718				51,795
					43,118				55,195
CREDITORS
Amounts falling due within one year				5	(0)				(3,678)
NET CURRENT ASSETS							43,118				51,517
TOTAL ASSETS LESS
CURRENT LIABILITIES							43,444				51,952
PROVISIONS FOR LIABILITIES							(83)				(82)
NET ASSETS							43,361				51,870
CAPITAL AND RESERVES
Called-up equity share capital				6			100				100
Share Premium Account							9,900				9,900
Profit and loss account							33,361				41,870
SHAREHOLDERS FUNDS							43,361				51,870
For the year ending 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 15 September 2022 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
C P Rivers - Director
15 September 2022
The annexed notes form part of these financial statements.

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LANE FINANCIAL MANAGEMENT LTD.
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2022
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 September 2020				100	9,900	26,312	0	0	36,312
Changes in equity
Total Comprehensive Income				0	0	15,558	0	0	15,558
Balance at 31 August 2021				100	9,900	41,870	0	0	51,870
Changes in equity
Total comprehensive income				0	0	(8,509)	0	0	(8,509)
Balance at 31 August 2022				100	9,900	33,361	0	0	43,361

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LANE FINANCIAL MANAGEMENT LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax made during the year.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment - 25 % per annum of cost

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Pension Scheme

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 2.

3.	Tangible fixed assets
				F and F	Total
	Cost
	At start of period			34,331	34,331
	At end of period			34,331	34,331
	Depreciation
	At start of period			33,896	33,896
	Provided during the period			109	109
	At end of period			34,005	34,005
	Net Book Value
	At start of period			435	435
	At end of period			326	326

4.	Debtors
					2022	2021
					£	£
	Due within one year
	Other Debtors				3,400	3,400
					3,400	3,400

5.	Creditors due within one year
					2022	2021
					£	£
	Corporation Tax				0	3,677
	Other creditors				0	1
					0	3,678

6.	Share capital				Alloted, Issued and fully paid
					2022	2021
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100

7.

Pension schemes

The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year £10,800 was contributed (2021 - £10,800).