REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 2 February 2022 to 30 June 2023 |
for |
Loughborough Property Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 2 February 2022 to 30 June 2023 |
for |
Loughborough Property Investments Ltd |
Loughborough Property Investments Ltd (Registered number: 13889526) |
Contents of the Financial Statements |
for the Period 2 February 2022 to 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Loughborough Property Investments Ltd |
Company Information |
for the Period 2 February 2022 to 30 June 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
Loughborough Property Investments Ltd (Registered number: 13889526) |
Balance Sheet |
30 June 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings | 9 |
The director acknowledges his 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. |
Loughborough Property Investments Ltd (Registered number: 13889526) |
Balance Sheet - continued |
30 June 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Loughborough Property Investments Ltd (Registered number: 13889526) |
Notes to the Financial Statements |
for the Period 2 February 2022 to 30 June 2023 |
1. | STATUTORY INFORMATION |
Loughborough Property Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable from investment properties and is recognised as it falls due, in accordance with the lease to which it relates |
Investment property |
Investment property is not depreciated but is valued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate or surplus arising from changes in fair value is recognised in the profit and loss account and is transferred to a fair value reserve. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Deferred tax |
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provision made for potential tax arising on assets which have been revalued. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Disposals | ( |
) |
Revaluations | 545,856 |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
Fair value at 30 June 2023 is represented by: |
£ |
Valuation in 2023 | 4,260,000 |
Loughborough Property Investments Ltd (Registered number: 13889526) |
Notes to the Financial Statements - continued |
for the Period 2 February 2022 to 30 June 2023 |
4. | INVESTMENT PROPERTY - continued |
If investment proper had not been revalued it would have been included at the following historical cost: |
£ |
Cost | 3,701,221 |
Aggregate depreciation | (85,200 | ) |
Investment property was valued on an open market basis basis on 30 June 2023 by the director . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Tax |
Owed to related companies | 2,624,782 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other loans |
Loans are secured on investment property. |
9. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
Profit for the period |
Transfer investment property revaluation |
(545,856 |
) |
545,856 |
- |
Transfer deferred tax movement | 136,000 | (136,000 | ) | - |
At 30 June 2023 | 485,928 |