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REGISTERED NUMBER: 05455993 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

L.A.G. PROPERTIES LIMITED

L.A.G. PROPERTIES LIMITED (REGISTERED NUMBER: 05455993)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L.A.G. PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: O Lanni
G C Setter





SECRETARY: G C Setter





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 05455993 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

L.A.G. PROPERTIES LIMITED (REGISTERED NUMBER: 05455993)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,436 206
Investments 5 2 2
1,438 208

CURRENT ASSETS
Debtors 6 900,000 362,680
Cash at bank and in hand 7,608 1,433
907,608 364,113
CREDITORS
Amounts falling due within one year 7 (237,709 ) (2,835 )
NET CURRENT ASSETS 669,899 361,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,337

361,486

PROVISIONS FOR LIABILITIES (359 ) -
NET ASSETS 670,978 361,486

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 670,958 361,466
SHAREHOLDERS' FUNDS 670,978 361,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





O Lanni - Director


L.A.G. PROPERTIES LIMITED (REGISTERED NUMBER: 05455993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

L.A.G. Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Government grants
Government grants are recognised over the period to which they relate or as performance obligations are met, depending on the terms of the grant.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

L.A.G. PROPERTIES LIMITED (REGISTERED NUMBER: 05455993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 867
Additions 1,592
Disposals (867 )
At 31 March 2023 1,592
DEPRECIATION
At 1 April 2022 661
Charge for year 156
Eliminated on disposal (661 )
At 31 March 2023 156
NET BOOK VALUE
At 31 March 2023 1,436
At 31 March 2022 206

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 900,000 362,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,734 980
Other creditors 234,975 1,855
237,709 2,835