L.R.C. (4x4) Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06951819 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2022 to 30 March 2023

for

L.R.C. (4x4) Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

549

549

Investment property

5

1,200,000

1,200,000

1,200,549

1,200,549

CURRENT ASSETS

Cash at bank and in hand

35,693

31,055

CREDITORS

Amounts falling due within one year

6

104,472

102,715

NET CURRENT LIABILITIES

(68,779

)

(71,660

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131,770

1,128,889

CREDITORS

Amounts falling due after more than one year

7

(114,600

)

(124,044

)

PROVISIONS FOR LIABILITIES

(87,297

)

(87,297

)

NET ASSETS

929,873

917,548

CAPITAL AND RESERVES

Called up share capital

610

610

Fair value reserve

8

495,330

495,330

Retained earnings

433,933

421,608

929,873

917,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:

Mr M Gibbins - Director

1.	STATUTORY INFORMATION

L.R.C. (4x4) Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06951819

Registered office:

17-19 Buxton Road

Buglawton

Congleton

Cheshire

CW12 2DW

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 30 March 2023

549

NET BOOK VALUE

At 30 March 2023

549

At 31 March 2022

549

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 30 March 2023

1,200,000

NET BOOK VALUE

At 30 March 2023

1,200,000

At 31 March 2022

1,200,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

6,110

6,110

Trade creditors

-

157

Amounts owed to group undertakings

76,842

74,960

Taxation and social security

14,619

15,337

Other creditors

6,901

6,151

104,472

102,715

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

114,600

124,044

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

90,159

99,603

8.

RESERVES

Fair

value

reserve

£

At 1 April 2022

and 30 March 2023

495,330