Limehouse Funding Limited - Accounts to registrar (filleted) - small 23.2.5
Limehouse Funding Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2023 |
| for |
| LIMEHOUSE FUNDING LIMITED |
| LIMEHOUSE FUNDING LIMITED (REGISTERED NUMBER: 10741963) |
| Contents of the Financial Statements |
| for the year ended 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LIMEHOUSE FUNDING LIMITED |
| Company Information |
| for the year ended 31 March 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Juniper House |
| Warley Hill Business Park |
| The Drive |
| Brentwood |
| Essex |
| CM13 3BE |
| LIMEHOUSE FUNDING LIMITED (REGISTERED NUMBER: 10741963) |
| Balance Sheet |
| 31 March 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
6 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LIMEHOUSE FUNDING LIMITED (REGISTERED NUMBER: 10741963) |
| Notes to the Financial Statements |
| for the year ended 31 March 2023 |
| 1. | Statutory information |
| Limehouse Funding Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Going concern |
| The financial statements have been prepared on the going concern basis. The directors are of the opinion that the shareholders will continue to support the company, and provide adequate funding when necessary to enable the company to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.The amount due to the Lender is guaranteed by the directors by way of a charge on a personally owned asset. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 5. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| LIMEHOUSE FUNDING LIMITED (REGISTERED NUMBER: 10741963) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2023 |
| 6. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| 7. | Secured debts |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Other creditors | 4,000,000 | 4,000,000 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | Related party disclosures |
| Included within other debtors is an amount of £nil (2022: £1,969,994) due from Augustus Martin Ltd, a company in which the directors have a material interest. During the year this loan was wholly written off. |
| Included within other creditors is a secured loan for an amount of £4,000,000 (2022: £4,000,000) due to the A M Pension Scheme, of which the directors had lent the company money to repay the loan as noted under post balance sheet event. |
| 10. | Post balance sheet events |
| As at the year end, the company owed the The Trustees of AM Pension Fund £3.9m. On 26 May 2023, the directors sold personally owned property to the AM Pension Fund. The loan was fully repaid from the proceeds, thereby creating a loan from the directors to the company. |