LAKE Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09421924 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

LAKE Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms Lisa Caroline Ford

Mr Niall Hugh Reginald Hooper

REGISTERED OFFICE:

23 Skylines Village

London

London

E14 9TS

REGISTERED NUMBER:

09421924 (England and Wales)

ACCOUNTANTS:

Rodliffe Accounting Ltd

23 Skylines Village

London

London

E14 9TS

FIXED ASSETS

Tangible assets

3

462,823

195,385

CURRENT ASSETS

Cash at bank

91,266

421,839

CREDITORS

Amounts falling due within one year

4

708,726

700,594

NET CURRENT LIABILITIES

(617,460

)

(278,755

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(154,637

)

(83,370

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

6

6,716

-

Retained earnings

6

(161,453

)

(83,470

)

SHAREHOLDERS' FUNDS

(154,637

)

(83,370

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 January 2019 and were signed on its behalf by:

Ms Lisa Caroline Ford - Director

Mr Niall Hugh Reginald Hooper - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

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

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 May 2017

195,385

Additions

260,722

Revaluations

6,716

At 30 April 2018

462,823

NET BOOK VALUE

At 30 April 2018

462,823

At 30 April 2017

195,385

Cost or valuation at 30 April 2018 is represented by:

Land and

buildings

£

Valuation in 2018

6,716

Cost

456,107

462,823

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other creditors

-

(1

)

Directors' current accounts

708,726

700,595

708,726

700,594

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

100

Ordinary Shares

£1

100

100

6.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2017

(83,470

)

-

(83,470

)

Deficit for the year

(77,983

)

(77,983

)

Revaluation Reserve

-

6,716

6,716

At 30 April 2018

(161,453

)

6,716

(154,737

)