Lalapanzi Limited 11474452 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is investment in and letting of commercial and residential property. Digita Accounts Production Advanced 6.30.9574.0 true 11474452 2022-08-01 2023-07-31 11474452 2023-07-31 11474452 core:RetainedEarningsAccumulatedLosses 2023-07-31 11474452 core:ShareCapital 2023-07-31 11474452 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11474452 bus:SmallEntities 2022-08-01 2023-07-31 11474452 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 11474452 bus:FullAccounts 2022-08-01 2023-07-31 11474452 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11474452 bus:RegisteredOffice 2022-08-01 2023-07-31 11474452 bus:Director2 2022-08-01 2023-07-31 11474452 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11474452 core:OfficeEquipment 2022-08-01 2023-07-31 11474452 core:PlantMachinery 2022-08-01 2023-07-31 11474452 countries:AllCountries 2022-08-01 2023-07-31 11474452 2022-07-31 11474452 2021-08-01 2022-07-31 11474452 2022-07-31 11474452 core:RetainedEarningsAccumulatedLosses 2022-07-31 11474452 core:ShareCapital 2022-07-31 11474452 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 11474452

Lalapanzi Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

Lalapanzi Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Lalapanzi Limited

(Registration number: 11474452)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,255

5,674

Investment property

2,037,000

2,037,000

 

2,041,255

2,042,674

Current assets

 

Debtors

50

750

Cash at bank and in hand

 

27,110

30,649

 

27,160

31,399

Creditors: Amounts falling due within one year

(1,738,488)

(1,803,213)

Net current liabilities

 

(1,711,328)

(1,771,814)

Total assets less current liabilities

 

329,927

270,860

Provisions for liabilities

(1,064)

(1,078)

Net assets

 

328,863

269,782

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

328,763

269,682

Total equity

 

328,863

269,782

 

Lalapanzi Limited

(Registration number: 11474452)
Abridged Balance Sheet as at 31 July 2023

For the financial year ending 31 July 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 November 2023 and signed on its behalf by:
 




Mr M Baumann

Director

 

Lalapanzi Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 2 November 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Lalapanzi Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Plant and machinery

25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 August 2022

10,294

At 31 July 2023

10,294

Depreciation

At 1 August 2022

4,620

Charge for the year

1,419

At 31 July 2023

6,039

Carrying amount

At 31 July 2023

4,255

At 31 July 2022

5,674

Investment properties

2023
£

At 1 August

2,037,000

The value of the investment properties have been considered by the directors who believe it to be a reflection of fair value.