Lakeheath Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03345525 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Lakeheath Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A F Dunning

A J Dunning

SECRETARY:

Mrs A E Dunning

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

BUSINESS ADDRESS:

110 Moriconium Quay

Lake Avenue

Poole

Dorset

BH15 4QS

REGISTERED NUMBER:

03345525 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

36

42

Investment property

5

3,377

3,377

3,413

3,419

CURRENT ASSETS

Debtors

6

448,937

369,864

Cash at bank

684

4,072

449,621

373,936

CREDITORS

Amounts falling due within one year

7

113,372

41,374

NET CURRENT ASSETS

336,249

332,562

TOTAL ASSETS LESS CURRENT LIABILITIES

339,662

335,981

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

339,562

335,881

SHAREHOLDERS' FUNDS

339,662

335,981

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

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

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:

A J Dunning - Director

1.	STATUTORY INFORMATION

Lakeheath Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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 year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

and 30 April 2023

1,727

DEPRECIATION

At 1 May 2022

1,685

Charge for year

6

At 30 April 2023

1,691

NET BOOK VALUE

At 30 April 2023

36

At 30 April 2022

42

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

and 30 April 2023

3,377

NET BOOK VALUE

At 30 April 2023

3,377

At 30 April 2022

3,377

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

36,196

36,721

Other debtors

412,741

333,143

448,937

369,864

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,388

1,404

Taxation and social security

110,670

38,770

Other creditors

1,314

1,200

113,372

41,374

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023

2022

£

£

C A F Dunning

Balance outstanding at start of year

300,730

81,270

Amounts advanced

9,626

220,742

Amounts repaid

(1,404

)

(1,282

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

308,952

300,730