Lar Operations CIC

ActiveSC591592Financial servicesIncorporated 16 Mar 2018 · Dunfermline

The company owned and managed a commercial office building, Buchan House in Dunfermline throughout the period, providing office accommodation to eleven small businesses including its parent charity Lar Housing Trust. The company continued with a programme of upgrades and improvements to the building and its services whilst maintaining a low-cost base to the tenants' benefit.The company owns a commercial unit Blairgowrie which is leased to Scotmid Co-op trading as Semi-chem. This ensures that the community can continue to benefit from a vibrant high street and amenities for the local community, including the parent charity's tenants.The company continued to factor one residential development, Elfin Square in Edinburgh where the parent charity also owns a number of units. This ensures that the owners and residents can benefit from a well-maintained building, responsive and customer focused service, and cost efficiencies that come from using Lar and CIC's contractors. There has been regular communication with owners and several improvements havebeen undertaken in consultation with the owners and residents.

Revenue

£156k

▲ +18.0% vs prior ~12m period

Profit after tax

£4k

Margin 32.9%

Employees

1

— vs prior ~12m period

Net assets

£142k

Total assets £1.2m

Financial history

Revenue by accounting period

3 periods available · ▲ growth ▼ decline

Mar 2020
£124k
Mar 2021
£132k▲ +6.9%
Mar 2022
£156k▲ +18.0%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Mar 2022£156k▲ +18.0%£20k1£142k
31 Mar 2021£132k▲ +6.9%£20k0£87k
31 Mar 2020£124k—£46k0£70k

Latest available figures

Period ending 31 Mar 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

These are the most recent accounts available to us; more recent accounts may exist at Companies House.

Profit & loss

Revenue
£156k
Gross profit
£110k
Operating profit
£51k
Profit before tax
£20k
Profit after tax
£4k

Balance sheet

Total assets
£1.2m
Cash
£17k
Total liabilities
£1.0m
Net assets
£142k
Revenue per employee
£156k

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