Lam Cash and Carry Limited - Period Ending 2023-03-31

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Lam Cash and Carry Limited

Company Information

Directors

Mr Rafique Amir Kapadia Mr Amir Tayebali Kapadia

Company secretary

Mrs Sukhminder Amir Kapadia

Registered office

24 Bedford Row London WC1R 4TQ

Accountants

Mehta & Tengra 9 Berners Place London W1T 3AD

Lam Cash and Carry Limited

(Registration number: 01592254)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Investments	4	100	100
Current assets
Debtors	5	1,611,219	1,611,219
Net assets		1,611,319	1,611,319
Capital and reserves
Called up share capital	6	20,000	20,000
Capital redemption reserve		500,000	500,000
Retained earnings		1,091,319	1,091,319
Shareholders' funds		1,611,319	1,611,319

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 December 2023 and signed on its behalf by:
 

......................................... Mr Rafique Amir Kapadia Director

Lam Cash and Carry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
24 Bedford Row
London
WC1R 4TQ
United Kingdom

These financial statements were authorised for issue by the Board on 14 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Lam Cash and Carry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4	Investments

	2023 £	2022 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2022	100
Provision
Carrying amount
At 31 March 2023	100
At 31 March 2022	100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2023	2022
Subsidiary undertakings
Sara Developments Limited	Princes Square Hotel, 23-25 Princes Square, London, United Kingdom, W2 4NJ United Kingdom		100%	100%

Lam Cash and Carry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Subsidiary undertakings

Sara Developments Limited The principal activity of Sara Developments Limited is Hotel Lodging. The loss for the financial period of Sara Developments Limited was £610,851 and the aggregate amount of capital and reserves at the end of the period was £(643,437).

5

Debtors

Current	Note	2023 £	2022 £
Amounts owed by group undertakings	7	1,611,219	1,611,219

6	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary of £1 each	20,000	20,000	20,000	20,000

7	Related party transactions

Summary of transactions with subsidiaries

Sara Developments Limited
 

Loans to related parties

2023	Subsidiary £	Total £
At start of period	1,611,219	1,611,219
At end of period	1,611,219	1,611,219

2022	Subsidiary £	Total £
At start of period	1,611,219	1,611,219
At end of period	1,611,219	1,611,219

Lam Cash and Carry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8	Parent and ultimate parent undertaking

The company's immediate parent is Davrin Limited, incorporated in United Kingdom.