ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-312021-04-01falseNo description of principal activity23falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01940005 2021-04-01 2022-03-31 01940005 2020-04-01 2021-03-31 01940005 2022-03-31 01940005 2021-03-31 01940005 c:Director1 2021-04-01 2022-03-31 01940005 d:CurrentFinancialInstruments 2022-03-31 01940005 d:CurrentFinancialInstruments 2021-03-31 01940005 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01940005 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 01940005 d:ShareCapital 2022-03-31 01940005 d:ShareCapital 2021-03-31 01940005 d:CapitalRedemptionReserve 2021-04-01 2022-03-31 01940005 d:CapitalRedemptionReserve 2022-03-31 01940005 d:CapitalRedemptionReserve 2021-03-31 01940005 d:RetainedEarningsAccumulatedLosses 2022-03-31 01940005 d:RetainedEarningsAccumulatedLosses 2021-03-31 01940005 c:FRS102 2021-04-01 2022-03-31 01940005 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 01940005 c:FullAccounts 2021-04-01 2022-03-31 01940005 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 01940005

LHS REZ LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

LHS REZ LIMITED

REGISTERED NUMBER: 01940005

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	2,025		2,025
Cash at bank and in hand		18,784		23,633
		20,809		25,658
Creditors: amounts falling due within one year	5	(2,640)		(2,640)
Net current assets			18,169		23,018
Total assets less current liabilities			18,169		23,018

Net assets			18,169		23,018

Capital and reserves
Called up share capital		30,000	30,000
Capital redemption reserve	6	970,000	970,000
Profit and loss account	6	(981,831)	(976,982)
		18,169	23,018

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LHS REZ LIMITED

REGISTERED NUMBER: 01940005

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R Smeath

Director

Date: 23 March 2023

The notes on pages 3 to 4 form part of these financial statements.

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LHS REZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1.	General information

LHS REZ Limited is a private company limited by shares and incorporated in England and Wales, registration number 01940005. The registered office is 5 Chancery Lane, C/O New Quadrant Partners Limited, London, England, WC2A 1LG.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The company ceased trading on 31 March 2022.
For this reason, the financial statements have been prepared on a basis other than going concern. The director has assessed the going concern at the balance sheet date and no material accounting adjustments have arisen as a result of ceasing to apply the going concern basis.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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LHS REZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 3).

Debtors

					2022	2021
					£	£


Other debtors	2,025	2,025
	2,025	2,025

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Accruals and deferred income	2,640	2,640
	2,640	2,640

Reserves

Capital redemption reserve

The Capital redemption reserve represents the nominal value of the capital reduction of Ordinary Shares. Any transaction costs associated with the capital reduction are deducted from the capital redemption reserve.

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