Lakeland Moon Limited Filleted accounts for Companies House (small and micro)

LAKELAND MOON LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07634648

Lakeland Moon Limited

Filleted Unaudited Financial Statements

31 May 2022

Lakeland Moon Limited

Financial Statements

Year ended 31 May 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Lakeland Moon Limited

Statement of Financial Position

31 May 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	4	24,758		24,758

Creditors: amounts falling due within one year	5	( 15,960)		( 15,960)
		---------		---------
Net current assets			8,798	8,798
			--------	--------
Total assets less current liabilities			8,798	8,798
			--------	--------

Lakeland Moon Limited

Statement of Financial Position (continued)

31 May 2022

	2022		2021
Note	£	£	£

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 1,202)	( 1,202)
	---------	---------
Shareholders funds	8,798	8,798
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 31 May 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 February 2023 , and are signed on behalf of the board by:

Mr M Pennington

Director

Company registration number: 07634648

Lakeland Moon Limited

Notes to the Financial Statements

Year ended 31 May 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Lowther Street, Kendal, Cumbria, England, LA9 4DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments. Cash at bank - is classified as a basic financial instrument and is measured at face value. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

4. Debtors

	2022	2021
	£	£
Other debtors	24,758	24,758
	---------	---------

Other debtors include an amount for unpaid share capital totalling £10,000 (2021: £10,000).

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Penningtons (Kendal) Ltd - minority shareholder	15,000	15,000
Other creditors	960	960
	---------	---------
	15,960	15,960
	---------	---------

6. Directors' advances, credits and guarantees

The directors were not advanced any amounts during the period.

7. Related party transactions

Other debtors include an intercompany account with The Kendal Mint Cake Company totalling £14,758 (2021: £ 14,758 ) which is a company owned and controlled by Mr M Pennington who is majority shareholder of Lakeland Moon Ltd. No transactions with related parties were undertaken, other than disclosed in the notes, such as are required to be disclosed under the FRS102 Section 1A.

8. Company future

The shareholders and directors of the company have decided to make the company dormant whilst decisions are made regarding the future direction of the company. To this end the bank account has been closed and the only debtors and creditors are other companies which are either shareholders of Lakeland Moon Ltd or controlled by shareholders.