ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

LUDGATE HOLDINGS LTD - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity0truefalse0false 10689912 2021-10-01 2022-09-30 10689912 2020-10-01 2021-09-30 10689912 2022-09-30 10689912 2021-09-30 10689912 c:Director2 2021-10-01 2022-09-30 10689912 d:CurrentFinancialInstruments 2022-09-30 10689912 d:CurrentFinancialInstruments 2021-09-30 10689912 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10689912 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 10689912 d:ShareCapital 2022-09-30 10689912 d:ShareCapital 2021-09-30 10689912 d:RetainedEarningsAccumulatedLosses 2022-09-30 10689912 d:RetainedEarningsAccumulatedLosses 2021-09-30 10689912 c:OrdinaryShareClass1 2021-10-01 2022-09-30 10689912 c:OrdinaryShareClass1 2022-09-30 10689912 c:OrdinaryShareClass1 2021-09-30 10689912 c:FRS102 2021-10-01 2022-09-30 10689912 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 10689912 c:FullAccounts 2021-10-01 2022-09-30 10689912 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 10689912 6 2021-10-01 2022-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10689912









LUDGATE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022
 
LUDGATE HOLDINGS LIMITED
REGISTERED NUMBER: 10689912

BALANCE SHEET
AS AT 30 SEPTEMBER 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
9,210,197
9,210,197

  
9,210,197
9,210,197

Current assets
  

Debtors: amounts falling due within one year
 5 
2,069,881
640,703

  
2,069,881
640,703

Creditors: amounts falling due within one year
 6 
(75)
(10,897)

Net current assets
  
 
 
2,069,806
 
 
629,806

Total assets less current liabilities
  
11,280,003
9,840,003

  

Net assets
  
11,280,003
9,840,003


Capital and reserves
  

Called up share capital 
 7 
9,210,003
9,210,003

Profit and loss account
  
2,070,000
630,000

  
11,280,003
9,840,003


Page 1
 
LUDGATE HOLDINGS LIMITED
REGISTERED NUMBER: 10689912
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 statement of comprehensive income 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 on 28 June 2023.




P J Silk
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
LUDGATE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the
United Kingdom, registration number 10689912. The Company's registered office is The Old Forge, High
Street, Henley-In-Arden, B95 5AA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a
cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

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.

 
2.5

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.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3
 
LUDGATE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2021
9,210,197



At 30 September 2022
9,210,197





5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
2,069,878
640,700

Other debtors
3
3

2,069,881
640,703



6.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Amounts owed to group undertakings
75
10,897

75
10,897


Page 4
 
LUDGATE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



9,210,003 (2021 - 9,210,003) Ordinary shares of £1.00 each
9,210,003
9,210,003


Page 5