IRIS Accounts Production v23.3.1.45 10600419 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure106004192022-02-28106004192023-02-28106004192022-03-012023-02-28106004192021-02-28106004192021-03-012022-02-28106004192022-02-2810600419ns16:EnglandWales2022-03-012023-02-2810600419ns15:PoundSterling2022-03-012023-02-2810600419ns11:Director12022-03-012023-02-2810600419ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2810600419ns11:SmallEntities2022-03-012023-02-2810600419ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2810600419ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2810600419ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2810600419ns11:FullAccounts2022-03-012023-02-2810600419ns11:OrdinaryShareClass12022-03-012023-02-2810600419ns6:CurrentFinancialInstruments2023-02-2810600419ns6:CurrentFinancialInstruments2022-02-2810600419ns6:ShareCapital2023-02-2810600419ns6:ShareCapital2022-02-2810600419ns6:RetainedEarningsAccumulatedLosses2023-02-2810600419ns6:RetainedEarningsAccumulatedLosses2022-02-2810600419ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2810600419ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2810600419ns6:Secured2023-02-2810600419ns6:Secured2022-02-2810600419ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 10600419 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

LRT PROPERTIES LIMITED

LRT PROPERTIES LIMITED (REGISTERED NUMBER: 10600419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance sheet 1

Notes to the financial statements 2


LRT PROPERTIES LIMITED (REGISTERED NUMBER: 10600419)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
Current assets
Stocks - 480,357
Debtors 4 696,150 4,729
Cash at bank 2,890 30,777
699,040 515,863
Creditors
Amounts falling due within one year 5 469,646 517,592
Net current assets/(liabilities) 229,394 (1,729 )
Total assets less current liabilities 229,394 (1,729 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 229,294 (1,829 )
Shareholders' funds 229,394 (1,729 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr T L Stammas - Director


LRT PROPERTIES LIMITED (REGISTERED NUMBER: 10600419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

LRT Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10600419. The registered office is 7 & 8 Church Street, Wimborne, Dorset, England, BH21 1JH and business address is 94 Hankinson Road, Bournemouth, Dorset, BH9 1HP.

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.

Turnover
Turnover represents the invoiced sale of refurbished and development property excluding value added tax.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

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

LRT PROPERTIES LIMITED (REGISTERED NUMBER: 10600419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 695,019 -
Tax - 1,579
VAT 1,131 3,150
696,150 4,729

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 103,824
Other loans 139,750 136,500
Trade creditors 179 2,740
Tax 49,904 -
Directors' current accounts 278,109 273,090
Accruals and deferred income 1,704 1,438
469,646 517,592

6. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 103,824

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.