Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-03-01false22 07923347 2022-03-01 2023-02-28 07923347 2021-03-01 2022-02-28 07923347 2023-02-28 07923347 2022-02-28 07923347 c:Director1 2022-03-01 2023-02-28 07923347 d:FreeholdInvestmentProperty 2023-02-28 07923347 d:FreeholdInvestmentProperty 2022-02-28 07923347 d:CurrentFinancialInstruments 2023-02-28 07923347 d:CurrentFinancialInstruments 2022-02-28 07923347 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07923347 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07923347 d:ShareCapital 2023-02-28 07923347 d:ShareCapital 2022-02-28 07923347 d:RetainedEarningsAccumulatedLosses 2023-02-28 07923347 d:RetainedEarningsAccumulatedLosses 2022-02-28 07923347 c:FRS102 2022-03-01 2023-02-28 07923347 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07923347 c:FullAccounts 2022-03-01 2023-02-28 07923347 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 07923347










L A H PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
L A H PROPERTY LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
L A H PROPERTY LIMITED
REGISTERED NUMBER: 07923347

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
304,769
304,769

Current assets
  

Debtors: amounts falling due within one year
 5 
11,685
21,223

Cash at bank and in hand
  
58,777
84,813

  
70,462
106,036

Creditors: amounts falling due within one year
 6 
(170,472)
(228,397)

Net current liabilities
  
 
 
(100,010)
 
 
(122,361)

Total assets less current liabilities
  
204,759
182,408

  

Net assets
  
204,759
182,408


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
204,757
182,406

  
204,759
182,408


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2023.


R.L. Hinton
Director


The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
L A H PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

L A H Property Limited (Company number 07923347), having its registered office at Rutland House, 148 Edmund Street, Birmingham, West Midlands, B3 2FD is a private company limited by shares incorporated in England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover in the profit and loss account represents rent receivable.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
L A H PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
304,769



At 28 February 2023
304,769

The historical cost of the investment property is £304,769 (2022: £304,769).

The 2023 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

2023
2022
£
£


Other debtors
10,000
20,000

Prepayments and accrued income
1,685
1,223

11,685
21,223


Page 3

 
L A H PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,588
6,405

Other taxation and social security
2,417
2,417

Other creditors
153,842
208,842

Accruals and deferred income
6,625
10,733

170,472
228,397



7.


Related party transactions

At the balance sheet date key management had provided interest-free loans of £153,842 (2022: £208,842).

 
Page 4