Lakewater Properties Limited

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lakewater properties limited Company Information

Live

EstablishedMicroRapid

Company Number

05696893

Website

Registered Address

diamond house, c/o lower richmond properties, richmond, TW9 4LN

Industry

Development of building projects

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

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Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Zulfikarali Virani18 Years

Riaz Virani15 Years

Shareholders

aisha virani 50%

nadia jassar 15%

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lakewater properties limited Estimated Valuation

£959.6k

Pomanda estimates the enterprise value of LAKEWATER PROPERTIES LIMITED at £959.6k based on a Turnover of £467.8k and 2.05x industry multiple (adjusted for size and gross margin).

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Lakewater Properties Limited is a live company located in richmond, TW9 4LN with a Companies House number of 05696893. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2006, it's largest shareholder is aisha virani with a 50% stake. Lakewater Properties Limited is a established, micro sized company, Pomanda has estimated its turnover at £467.8k with rapid growth in recent years.

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Pomanda's financial health check has awarded Lakewater Properties Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

4 Weak

Size

annual sales of £467.8k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 353%, show it is growing at a faster rate (3.6%)

EXPORT

Lakewater Properties Limited's latest turnover from December 2023 is estimated at £467.8 thousand and the company has net assets of £494.2 thousand. According to their latest financial statements, Lakewater Properties Limited has 2 employees and maintains cash reserves of £115.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	467,784	156,255	10,705	5,037	67,967	22,984	8,447	2,074	19,851	1,308,437	1,223,362	782,095	784,883	724,971	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	200,466	68,994	4,884	2,269	30,823	10,265	3,699	899	8,994	642,285	604,435	381,353	379,948	351,608	0
Gross Profit	267,317	87,260	5,822	2,769	37,143	12,719	4,749	1,175	10,857	666,152	618,927	400,742	404,936	373,363	0
Admin Expenses	663,663	42,853	-14,438	-40,631	-30,600	333,690	-523,742	-43,528	-42,019	603,995	580,095	355,269	361,242	343,020	-248,725
Operating Profit	-396,346	44,407	20,260	43,400	67,743	-320,971	528,491	44,703	52,876	62,157	38,832	45,473	43,694	30,343	248,725
Interest Payable	5,998	7,960	7,104	8,751	11,622	13,493	14,777	16,153	18,516	19,938	21,588	23,204	24,784	26,332	13,550
Interest Receivable	5,078	3,875	330	139	688	192	57	23	60	39	73	148	96	43	29
Pre-Tax Profit	-397,266	40,322	13,486	34,788	56,809	-334,272	513,770	28,574	34,420	42,257	17,317	22,417	19,007	4,054	235,204
Tax	0	-7,661	-2,562	-6,610	-10,794	0	-97,616	-5,715	-6,884	-8,874	-3,983	-5,380	-4,942	-1,135	-65,857
Profit After Tax	-397,266	32,661	10,924	28,178	46,015	-334,272	416,154	22,859	27,536	33,383	13,334	17,037	14,065	2,919	169,347
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-397,266	32,661	10,924	28,178	46,015	-334,272	416,154	22,859	27,536	33,383	13,334	17,037	14,065	2,919	169,347
Employee Costs	80,548	77,509	37,450	36,728	38,428	37,041	35,149	0	0	201,536	194,262	124,979	123,926	125,015	0
Number Of Employees	2	2	1	1	1	1	1	1	1	6	6	4	4	4	0
EBITDA*	-396,346	44,407	20,260	43,400	67,743	-320,971	528,491	44,703	52,876	62,157	38,832	45,473	43,694	30,343	248,725

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	0	0	0	667,569	667,569	667,569	667,569	667,569	667,569
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	1	1	1	1	1,100,001	667,570	667,570	1	1	1	1	1	1
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,100,000	1,100,000	1,100,001	1,100,001	1,100,001	1,100,001	1,100,001	667,570	667,570	667,570	667,570	667,570	667,570	667,570	667,570
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	9,569	1,747	413	9,547	3,196	1,050	0	0	149,949	145,494	116,444	105,691	106,498	105,079
Group Debtors	0	0	0	12,258	12,258	140,999	140,999	160,999	195,999	0	0	0	0	0	0
Misc Debtors	155,610	155,936	32,254	50,206	30,193	106	0	0	0	0	0	0	0	0	0
Cash	115,537	87,602	133,832	130,211	147,713	35,625	15,568	7,117	11,108	12,771	2,665	26,504	32,812	5,578	11,524
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	271,147	253,107	167,833	193,088	199,711	179,926	157,617	168,116	207,107	162,720	148,159	142,948	138,503	112,076	116,603
total assets	1,371,147	1,353,107	1,267,834	1,293,089	1,299,712	1,279,927	1,257,618	835,686	874,677	830,290	815,729	810,518	806,073	779,646	784,173
Bank overdraft	31,210	30,602	29,981	29,350	28,014	27,416	27,382	26,759	18,000	25,500	31,813	31,814	23,980	23,650	22,244
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	601	601	1,368	1,368	600	600	600	5,444	149,497	142,886	26,389	71,493	35,236	19,348
Group/Directors Accounts	240,451	240,451	240,451	240,451	240,451	240,451	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	548,422	103,570	21,376	26,631	32,039	31,782	268,987	286,690	308,984	0	0	0	0	0	0
total current liabilities	820,083	375,224	292,409	297,800	301,872	300,249	296,969	314,049	332,428	174,997	174,699	58,203	95,473	58,886	41,592
loans	8,846	38,399	68,602	99,390	130,161	158,773	186,223	214,325	257,796	268,418	287,761	312,866	345,315	369,625	394,681
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	130,077	129,999	229,689	172,784	172,784	172,784
provisions	47,997	47,997	38,113	38,113	38,071	34,017	57,692	6,830	6,830	6,711	6,566	6,390	6,168	6,083	5,767
total long term liabilities	56,843	86,396	106,715	137,503	168,232	192,790	243,915	221,155	264,626	405,206	424,326	548,945	524,267	548,492	573,232
total liabilities	876,926	461,620	399,124	435,303	470,104	493,039	540,884	535,204	597,054	580,203	599,025	607,148	619,740	607,378	614,824
net assets	494,221	891,487	868,710	857,786	829,608	786,888	716,734	300,482	277,623	250,087	216,704	203,370	186,333	172,268	169,349
total shareholders funds	494,221	891,487	868,710	857,786	829,608	786,888	716,734	300,482	277,623	250,087	216,704	203,370	186,333	172,268	169,349

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-396,346	44,407	20,260	43,400	67,743	-320,971	528,491	44,703	52,876	62,157	38,832	45,473	43,694	30,343	248,725
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-7,661	-2,562	-6,610	-10,794	0	-97,616	-5,715	-6,884	-8,874	-3,983	-5,380	-4,942	-1,135	-65,857
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-9,895	131,504	-28,876	10,879	-92,303	2,252	-18,950	-35,000	46,050	4,455	29,050	10,753	-807	1,419	105,079
Creditors	-601	0	-767	0	768	0	0	-4,844	-144,053	6,611	116,497	-45,104	36,257	15,888	19,348
Accruals and Deferred Income	444,852	82,194	-5,255	-5,408	257	-237,205	-17,703	-22,294	308,984	0	0	0	0	0	0
Deferred Taxes & Provisions	0	9,884	0	42	4,054	-23,675	50,862	0	119	145	176	222	85	316	5,767
Cash flow from operations	57,800	-2,680	40,552	20,545	154,331	-584,103	482,984	46,850	164,992	55,584	122,472	-15,542	75,901	43,993	102,904
Investing Activities
capital expenditure	0	0	0	0	0	-1,100,000	0	0	667,569	0	0	0	0	0	-667,569
Change in Investments	0	-1	0	0	0	-1,100,000	432,431	0	667,569	0	0	0	0	0	1
cash flow from investments	0	1	0	0	0	0	-432,431	0	0	0	0	0	0	0	-667,570
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	240,451	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-29,553	-30,203	-30,788	-30,771	-28,612	-27,450	-28,102	-43,471	-10,622	-19,343	-25,105	-32,449	-24,310	-25,056	394,681
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-130,077	78	-99,690	56,905	0	0	172,784
share issue	0	-9,884	0	0	-3,295	404,426	98	0	0	0	0	0	0	0	2
interest	-920	-4,085	-6,774	-8,612	-10,934	-13,301	-14,720	-16,130	-18,456	-19,899	-21,515	-23,056	-24,688	-26,289	-13,521
cash flow from financing	-30,473	-44,172	-37,562	-39,383	-42,841	604,126	-42,724	-59,601	-159,155	-39,164	-146,310	1,400	-48,998	-51,345	553,946
cash and cash equivalents
cash	27,935	-46,230	3,621	-17,502	112,088	20,057	8,451	-3,991	-1,663	10,106	-23,839	-6,308	27,234	-5,946	11,524
overdraft	608	621	631	1,336	598	34	623	8,759	-7,500	-6,313	-1	7,834	330	1,406	22,244
change in cash	27,327	-46,851	2,990	-18,838	111,490	20,023	7,828	-12,750	5,837	16,419	-23,838	-14,142	26,904	-7,352	-10,720

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAKEWATER PROPERTIES LIMITED group structure

Lakewater Properties Limited has no subsidiary companies.

Ultimate parent company

LAKEWATER PROPERTIES LIMITED

05696893

LAKEWATER PROPERTIES LIMITED Shareholders

aisha virani	50%
nadia jassar	15%
shafina shaikh	15%
riaz virani	15%
zul virani 2006 family settlement trust	5%

Lakewater Properties Limited currently has 2 directors. The longest serving directors include Mr Zulfikarali Virani (Feb 2006) and Mr Riaz Virani (Apr 2009).

officer	country	age	start	end	role
Mr Zulfikarali Virani	Uk	71 years	Feb 2006	-	Director
Mr Riaz Virani	England	44 years	Apr 2009	-	Director

P&L

December 2023

turnover

467.8k

+199%

operating profit

-396.3k

gross margin

57.2%

+2.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

494.2k

-0.45%

total assets

1.4m

+0.01%

cash

115.5k

+0.32%

net assets

Total assets minus all liabilities

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company number

05696893

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

41100 - Development of building projects

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

February 2006

ultimate parent company

None

previous names

N/A

address

diamond house, c/o lower richmond properties, richmond, TW9 4LN

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to lakewater properties limited. Currently there are 2 open charges and 0 have been satisfied in the past.

lakewater properties limited Company Information

lakewater properties limited Estimated Valuation

lakewater properties limited Estimated Valuation

lakewater properties limited Estimated Valuation

Lakewater Properties Limited Overview

Lakewater Properties Limited Health Check

LAKEWATER PROPERTIES LIMITED financials

lakewater properties limited Credit Report and Business Information

Lakewater Properties Limited Competitor Analysis

lakewater properties limited Ownership

lakewater properties limited directors

lakewater properties limited company details

lakewater properties limited Charges & Mortgages

lakewater properties limited Companies House Filings - See Documents