Company Registration No. 11735731 (England and Wales)
Lorash Holdings Limited
Unaudited accounts
for the year ended 31 August 2022
Lorash Holdings Limited
Unaudited accounts
Contents
Lorash Holdings Limited
Company Information
for the year ended 31 August 2022
Company Number
11735731 (England and Wales)
Registered Office
20a Valley Road
Solihull
B92 9AA
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Lorash Holdings Limited
Accountants' report
Accountants' report to the director of Lorash Holdings Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Lorash Holdings Limited for the year ended
31 August 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Lorash Holdings Limited , as a body, in accordance with the terms of our engagement letter dated 29 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Lorash Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lorash Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lorash Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lorash Holdings Limited . You consider that Lorash Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lorash Holdings Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
31 May 2023
Lorash Holdings Limited
Statement of financial position
as at 31 August 2022
Tangible assets
21,280
21,280
Debtors
1,485,935
1,485,935
Cash at bank and in hand
7
7
Creditors: amounts falling due within one year
(142,571)
(142,571)
Net current assets
1,343,371
1,343,371
Total assets less current liabilities
1,364,651
1,364,651
Creditors: amounts falling due after more than one year
(1,388,817)
(1,388,817)
Net liabilities
(24,166)
(24,166)
Called up share capital
100
100
Profit and loss account
(24,266)
(24,266)
Shareholders' funds
(24,166)
(24,166)
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2023 and were signed on its behalf by
Lorcan Donaldson
Director
Company Registration No. 11735731
Lorash Holdings Limited
Notes to the Accounts
for the year ended 31 August 2022
Lorash Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11735731. The registered office is 20a Valley Road, Solihull, B92 9AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
4
Tangible fixed assets
Land & buildings
At 1 September 2021
21,280
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,485,835
1,485,835
Lorash Holdings Limited
Notes to the Accounts
for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022
2021
Loans from directors
142,571
142,571
7
Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
1,388,817
1,388,817
8
Transactions with related parties
Transactions with the director.
At the balance sheet date the company owed £142,570 to the director. The loan was repayable in demand and no interest was charged on this loan.
Summary of transactions with the parent.
At the balance sheet date the company was owed £1,274,653 by Probuild Construction (Birmingham) Ltd. No interest was charged on this loan.
Summary of transactions with associates.
At the balance sheet date the company was owed £1,485,835 by Donaldson Property Management Ltd. No interest was charged on this loan.
At the balance sheet date the company owed £114,164 to Donaldson Interlink Properties LLP. No interest was charged on this loan.
The company's immediate parent is Probuild Construction (Birmingham) Ltd, incorporated in England and Wales.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).