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No description of principal activities is disclosed
2022-02-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03898390
2022-02-01
2023-01-31
03898390
2023-01-31
03898390
2022-01-31
03898390
2021-02-01
2022-01-31
03898390
2022-01-31
03898390
2021-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-01-31
03898390
core:PlantMachinery
2023-01-31
03898390
core:WithinOneYear
2023-01-31
03898390
core:WithinOneYear
2022-01-31
03898390
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2023-01-31
03898390
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2022-01-31
03898390
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2021-02-01
2022-01-31
03898390
core:RetainedEarningsAccumulatedLosses
2022-02-01
2023-01-31
03898390
core:ShareCapital
2023-01-31
03898390
core:ShareCapital
2022-01-31
03898390
core:SharePremium
2023-01-31
03898390
core:SharePremium
2022-01-31
03898390
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2023-01-31
03898390
core:RetainedEarningsAccumulatedLosses
2022-01-31
03898390
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2021-01-31
03898390
core:SharePremium
2021-01-31
03898390
core:RetainedEarningsAccumulatedLosses
2021-01-31
03898390
core:CostValuation
core:Non-currentFinancialInstruments
2022-01-31
03898390
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core:Non-currentFinancialInstruments
2023-01-31
03898390
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2023-01-31
03898390
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2023-01-31
03898390
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2022-01-31
03898390
core:PlantMachinery
2022-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2022-02-01
2023-01-31
03898390
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2023-01-31
03898390
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2023-01-31
03898390
bus:PrivateLimitedCompanyLtd
2022-02-01
2023-01-31
Company registration number:
03898390
L. A. PROPERTIES (UK) LIMITED
Filleted financial statements
31 January 2023
Pearlman Rose
Chartered Accountants
39-40 Skylines Village
Limeharbour
London E14 9TS
L. A. PROPERTIES (UK) LIMITED
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
L. A. PROPERTIES (UK) LIMITED
Directors and other information
|
|
|
|
Directors |
Mr L Hussain |
|
|
Mrs S Hussain |
|
|
|
|
|
|
|
Company number |
03898390 |
|
|
|
|
|
|
|
Registered office |
39-40 Skylines Village |
|
|
Limeharbour, Docklands |
|
|
London |
|
|
E14 9TS |
|
|
|
|
|
|
|
Auditor |
Pearlman Rose |
|
|
39-40 Skylines Village |
|
|
Limeharbour, Docklands |
|
|
London |
|
|
E14 9TS |
|
|
|
|
|
|
|
Accountants |
Pearlman Rose |
|
|
39-40 Skylines Village |
|
|
Limeharbour, Docklands |
|
|
London |
|
|
E14 9TS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers |
Lloyds Bank Plc |
|
|
39 Piccadilly |
|
|
Mayfair |
|
|
London |
|
|
W1V 0AA |
|
|
|
L. A. PROPERTIES (UK) LIMITED
Directors responsibilities statement
Year ended 31 January 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
L. A. PROPERTIES (UK) LIMITED
Statement of financial position
31 January 2023
|
|
|
31/01/23 |
|
|
|
31/01/22 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
4 |
347,823 |
|
|
|
386,470 |
|
|
Investments |
|
5 |
25,648,070 |
|
|
|
24,400,921 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
25,995,893 |
|
|
|
24,787,391 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
609,082 |
|
|
|
459,139 |
|
|
Cash at bank and in hand |
|
|
252,916 |
|
|
|
1,159,324 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
861,998 |
|
|
|
1,618,463 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
540,787) |
|
|
|
(
1,143,090) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
321,211 |
|
|
|
475,373 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
26,317,104 |
|
|
|
25,262,764 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
12,740,506) |
|
|
|
(
12,010,557) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
13,576,598 |
|
|
|
13,252,207 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1,000 |
|
|
|
1,000 |
Share premium account |
|
|
|
|
11,834,756 |
|
|
|
11,834,756 |
Profit and loss account |
|
|
|
|
1,740,842 |
|
|
|
1,416,451 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
13,576,598 |
|
|
|
13,252,207 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 July 2023
, and are signed on behalf of the board by:
Mr L Hussain
Director
Company registration number:
03898390
L. A. PROPERTIES (UK) LIMITED
Statement of changes in equity
Year ended 31 January 2023
|
|
Called up share capital |
Share premium account |
|
Profit and loss account |
Total |
|
|
|
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 February 2021 |
|
1,000 |
11,834,756 |
|
1,195,686 |
13,031,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
220,765 |
220,765 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
220,765 |
220,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 January 2022 and 1 February 2022 |
|
1,000 |
11,834,756 |
|
1,416,451 |
13,252,207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
324,391 |
324,391 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
324,391 |
324,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 January 2023 |
|
1,000 |
11,834,756 |
|
1,740,842 |
13,576,598 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
L. A. PROPERTIES (UK) LIMITED
Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 39-40 Skylines Village, Limeharbour, Docklands, London, E14 9TS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
10 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tangible assets
|
|
Plant and machinery |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
506,846 |
506,846 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2022 |
120,376 |
120,376 |
|
|
|
|
|
|
Charge for the year |
38,647 |
38,647 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 January 2023 |
159,023 |
159,023 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2023 |
347,823 |
347,823 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 January 2022 |
386,470 |
386,470 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Investments
|
|
Shares in group undertakings and participating interests |
Other investments other than loans |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 February 2022 |
100 |
24,400,821 |
24,400,921 |
|
|
|
|
Additions |
- |
1,247,149 |
1,247,149 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2023 |
100 |
25,647,970 |
25,648,070 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 January 2023 |
100 |
25,647,970 |
25,648,070 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2022 |
100 |
24,400,821 |
24,400,921 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
31/01/23 |
31/01/22 |
|
|
|
£ |
£ |
|
Trade debtors |
|
3,299 |
2,939 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
578,400 |
453,400 |
|
Other debtors |
|
27,383 |
2,800 |
|
|
|
_______ |
_______ |
|
|
|
609,082 |
459,139 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/01/23 |
31/01/22 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
393,471 |
399,672 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
520,529 |
|
Corporation tax |
|
78,335 |
158,855 |
|
Other creditors |
|
68,981 |
64,034 |
|
|
|
_______ |
_______ |
|
|
|
540,787 |
1,143,090 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
31/01/23 |
31/01/22 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
12,261,977 |
11,910,557 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
378,529 |
- |
|
Other creditors |
|
100,000 |
100,000 |
|
|
|
_______ |
_______ |
|
|
|
12,740,506 |
12,010,557 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The bank loans are secured on the Investment Properties.
9.
Summary audit opinion
The auditor's report for the year dated
18 July 2023
was unqualified.
The senior statutory auditor was
Mohammad Jilani
for and on behalf of
Pearlman Rose