REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 October 2022 |
for |
LPHV Group Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 October 2022 |
for |
LPHV Group Limited |
LPHV Group Limited (Registered number: 10432975) |
Contents of the Financial Statements |
for the Year Ended 30 October 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LPHV Group Limited |
Company Information |
for the Year Ended 30 October 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
76 WINDSOR ROAD |
MAIDENHEAD |
BERKSHIRE |
SL6 2DJ |
LPHV Group Limited (Registered number: 10432975) |
Balance Sheet |
30 October 2022 |
30.10.22 | 30.10.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
LPHV Group Limited (Registered number: 10432975) |
Balance Sheet - continued |
30 October 2022 |
30.10.22 | 30.10.21 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 9 |
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 Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LPHV Group Limited (Registered number: 10432975) |
Notes to the Financial Statements |
for the Year Ended 30 October 2022 |
1. | STATUTORY INFORMATION |
LPHV Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 - 25% on reducing balance |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
LPHV Group Limited (Registered number: 10432975) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2022 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 31 October 2021 |
Additions |
At 30 October 2022 |
DEPRECIATION |
At 31 October 2021 |
Charge for year |
At 30 October 2022 |
NET BOOK VALUE |
At 30 October 2022 |
At 30 October 2021 |
5. | FIXED ASSET INVESTMENTS |
30.10.22 | 30.10.21 |
£ | £ |
Shares in group undertakings |
Loans to group undertakings |
LPHV Group Limited (Registered number: 10432975) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2022 |
5. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
At 31 October 2021 |
and 30 October 2022 |
NET BOOK VALUE |
At 30 October 2022 |
At 30 October 2021 |
Loans to |
group |
undertakings |
£ |
At 31 October 2021 |
and 30 October 2022 |
6. | DEBTORS |
30.10.22 | 30.10.21 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Aggregate amounts |
LPHV Group Limited (Registered number: 10432975) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.10.22 | 30.10.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.10.22 | 30.10.21 |
£ | £ |
Bank loans - 1-2 years |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.10.22 | 30.10.21 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
10. | RELATED PARTY DISCLOSURES |
In 2017 the company purchased £205,000 preference shares in its subsidiary London Penthouse (Highgate 1 ) Limited. |