Lakeview Estates (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04042008 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

LAKEVIEW ESTATES (UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Schreiber

D Schreiber

Mrs R Gross

SECRETARY:

Mrs R Niederman

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

04042008 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

356

Investment property

5

5,869,223

5,869,579

CURRENT ASSETS

Debtors

6

6,357,459

6,248,068

Investments

7

50

Cash at bank

55,961

241,805

6,413,470

6,489,923

CREDITORS

Amounts falling due within one year

8

(712,073

)

(861,775

)

NET CURRENT ASSETS

5,701,397

5,628,148

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,570,976

11,497,727

CREDITORS

Amounts falling due after more than one
year

9

(4,381,694

)

(4,381,694

)

PROVISIONS FOR LIABILITIES

(581,657

)

(581,657

)

NET ASSETS

6,607,625

6,534,376

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

1,930,483

Retained earnings

4,677,042

4,603,793

6,607,625

6,534,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2023 and were signed on its behalf by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Lakeview Estates (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2021

and 31 May 2022

910

DEPRECIATION

At 1 June 2021

and 31 May 2022

554

NET BOOK VALUE

At 31 May 2022

356

At 31 May 2021

356

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2021

and 31 May 2022

5,869,223

NET BOOK VALUE

At 31 May 2022

5,869,223

At 31 May 2021

5,869,223

The director has confirmed that there is no significant change in the value of the properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

Trade debtors

180

Other debtors

6,357,279

6,247,888

6,357,459

6,248,068

7.	CURRENT ASSET INVESTMENTS

31.5.22

31.5.21

£

Unlisted investments

50

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

Bank loans and overdrafts

40,937

50,937

Trade creditors

77,985

83,846

Taxation and social security

29,498

33,468

Other creditors

563,653

693,524

712,073

861,775

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.22

31.5.21

£

Bank loans

2,200,000

Other creditors

2,181,694

4,381,694

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,200,000

10.

RESERVES

Revaluation

reserve

£

At 1 June 2021

and 31 May 2022

1,930,483

Lakeview Estates (UK) Limited - Accounts to registrar (filleted) - small 22.3

Lakeview Estates (UK) Limited - Accounts to registrar (filleted) - small 22.3