Company Overview
The Lakes Currency Project Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 07 November 2016, so this is a well established company. The Lakes Currency Project Limited has been in business for 7 years and 6 months. The accounts status is micro entity and the accounts are next due on Friday 31 December 2021.
Registered Address

Keskadale, Common Lane, Windermere, Cumbria, LA23 1JQ
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Companies House Data
Company NameTHE LAKES CURRENCY PROJECT LIMITED
Company Number10465467
Registered Office AddressKeskadale
 Common Lane
 LA23 1JQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/11/2016
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2021
Accounts Last Made Up Date31/03/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date05/12/2017
Directors & Members
Show Resigned
Andrew Airey - Director
(British, 64 years old, born November 1960)
Company Director - Appointed 08 November 2017
 Active
David Beeby - Director
(British, 72 years old, born August 1952)
Company Director - Appointed 18 December 2017
 Active
Michael Carter - Director
(British, 79 years old, born October 1945)
Retired - Appointed 07 February 2019
 Active
Stephen Curl - Director
(British, 71 years old, born April 1953)
Company Director - Appointed 08 November 2017
 Active
Kenneth Royall - Director
(British, 71 years old, born November 1953)
Innovator - Appointed 07 November 2016
 Active
Secretaries
No Secretaries Appointed
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Andrew Airey
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Balance Sheet Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Balance Sheet
Fixed Assets 0 1,878 2,358
Current Assets 32,159 175,584 164,009
Creditors Due Within One Year 2,909 73,398 23,593
Working Cap 29,250 102,186 140,416
Total Assets Less Current Liabilities 29,250 104,064 142,774
Long-term Liabilities 0 0 0
Net Assets 29,250 104,064 142,774
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 29,250 104,064 142,774
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Tangible Fixed Assets - - -
Fixed Assets 0.0% 1.1% 1.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 98.9% 98.6%
Creditors Due Within One Year 9.0% 41.4% 14.2%
Net Current Assets Liabilities 91.0% 57.6% 84.4%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 91.0% 58.6% 85.8%
Capital Employed - - -
Total Assets Less Current Liabilities 91.0% 58.6% 85.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Liquidity Ratio 11.1 2.4 7.0
Solvency Ratio 11.1 2.4 7.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Assets 32,159 177,462 166,367
Debt 2,909 73,398 23,593
Net Assets/Debt 29,250 104,064 142,774
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around LA23 1JQ
No other companies found in the same location
Document Filings
Registered office address changed from South Fellside Kendal Road Bowness-on-Windermere Windermere Cumbria LA23 3FS England to C/O Frp Advisory Trading Limited Derby House 12 Winckley Square Preston Lancashire PR1 3JJ on 14 December 2020
Appointment of a voluntary liquidator
Resolutions
Declaration of solvency
Registered office address changed from Keskadale Common Lane Windermere Cumbria LA23 1JQ to South Fellside Kendal Road Bowness-on-Windermere Windermere Cumbria LA23 3FS on 30 July 2020
Directors' register information at 3 June 2020 on withdrawal from the public register
Withdrawal of the directors' register information from the public register
Confirmation statement made on 6 November 2019 with updates
Appointment of Mr Michael Francis Carter as a director on 7 February 2019
Resolutions
Statement of capital following an allotment of shares on 20 January 2019
Confirmation statement made on 6 November 2018 with updates
Termination of appointment of John Malcolm Farmer as a director on 16 May 2018
Resolutions
Appointment of Mr David George Beeby as a director on 18 December 2017
Confirmation statement made on 6 November 2017 with updates
Withdrawal of the Members' register information from the public register
Cessation of Kenneth Geotge Royall as a person with significant control on 7 November 2016
Notification of Kenneth George Royall as a person with significant control on 7 November 2016
Appointment of Mr Andrew Airey as a director on 8 November 2017
Appointment of Mr Stephen John Curl as a director on 8 November 2017
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