Company Registration No. 03076178 (England and Wales)
L.B.J. (Investments) Limited
Unaudited accounts
for the year ended 30 June 2023
L.B.J. (Investments) Limited
Unaudited accounts
Contents
L.B.J. (Investments) Limited
Company Information
for the year ended 30 June 2023
Company Number
03076178 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of L.B.J. (Investments) Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
L.B.J. (Investments) Limited for the year ended
30 June 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of L.B.J. (Investments) Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of L.B.J. (Investments) Limited and state those matters that we have agreed to state to the Board of Directors of L.B.J. (Investments) Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L.B.J. (Investments) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that L.B.J. (Investments) 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 L.B.J. (Investments) Limited. You consider that L.B.J. (Investments) 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 L.B.J. (Investments) 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.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
18 October 2023
L.B.J. (Investments) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,577,885
1,577,885
Investment property
457,782
457,782
Debtors
1,311,228
1,311,228
Cash at bank and in hand
396,173
847,072
Creditors: amounts falling due within one year
(707,116)
(508,497)
Net current assets
1,000,285
1,649,803
Total assets less current liabilities
3,035,953
3,685,471
Creditors: amounts falling due after more than one year
-
(673,797)
Net assets
3,035,953
3,011,674
Called up share capital
12
12
Revaluation reserve
806,872
806,872
Profit and loss account
2,229,069
2,204,790
Shareholders' funds
3,035,953
3,011,674
For the year ending 30 June 2023 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 18 October 2023 and were signed on its behalf by
Mr G. Lucas
Director
Company Registration No. 03076178
L.B.J. (Investments) Limited
Notes to the Accounts
for the year ended 30 June 2023
L.B.J. (Investments) Limited is a private company, limited by shares, registered in England and Wales, registration number 03076178. The registered office is Brindley Goldstein Ltd , 103 High Street, Waltham Cross, EN8 7AN.
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.
Turnover represents rent receivable.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
L.B.J. (Investments) Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Fair value at 1 July 2022
457,782
6
Investments
Other investments
Valuation at 1 July 2022
1
Valuation at 30 June 2023
1
Amounts falling due within one year
Other debtors
1,311,228
1,311,228
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
200,000
5,857
Trade creditors
2,040
2,010
Taxes and social security
5,695
20,601
Loans from directors
497,311
477,989
9
Creditors: amounts falling due after more than one year
2023
2022
L.B.J. (Investments) Limited
Notes to the Accounts
for the year ended 30 June 2023
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
12
11
Transactions with related parties
The company was under the control of Mr G. Lucas during the current year. Mr G. Lucas' wife, Mrs M. Lucas is personally interested in 75% of the company's share capital.
Included in the other debtors figure is a loan with Capedeal Limited of £1,269,837 (2022: £1,269,837). This loan is unsecured, interest free and has no fixed terms of repayment.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).