REGISTERED NUMBER: |
L&T PROPERTY RENTALS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
REGISTERED NUMBER: |
L&T PROPERTY RENTALS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
Page |
Company Information | 1 |
Chartered Certified Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
L&T PROPERTY RENTALS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Sterling House |
Fulbourne Road |
Walthamstow |
London |
E17 4EE |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
L&T PROPERTY RENTALS LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L&T Property Rentals Ltd for the period ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of L&T Property Rentals Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L&T Property Rentals Ltd and state those matters that we have agreed to state to the Board of Directors of L&T Property Rentals Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that L&T Property Rentals Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L&T Property Rentals Ltd. You consider that L&T Property Rentals Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of L&T Property Rentals Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Sterling House |
Fulbourne Road |
Walthamstow |
London |
E17 4EE |
Date: ............................................. |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
BALANCE SHEET |
31 JULY 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
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. |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
BALANCE SHEET - continued |
31 JULY 2023 |
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 |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
1. | STATUTORY INFORMATION |
L&T Property Rentals Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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 |
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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 31 July 2023 |
DEPRECIATION |
Charge for period |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans (see note 9) |
Trade creditors |
Corporation tax |
Deposit held by TDS | 5,112 |
Directors' loan accounts | 447 |
Accrued expenses |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans (see note 9) |
Other loans (see note 9) |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more than 5 years |
Repayable by instalments |
Bank loans more than 5 years | 918,050 |
9. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more than 5 years | 1,386,289 |
Repayable by instalments |
Bank loans more than 5 years | 918,050 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The bank loans are secured by fixed and floating charges over the company's assets. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 8,319,620 |
8,319,620 Ordinary shares of £1 were issued during the period |
L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
12. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
Dividends | ( |
) |
At 31 July 2023 |
13. | ULTIMATE CONTROLLING PARTY |
The director and shareholder Miss L Jones, controls the company as a result of holding 80 per cent of the issued ordinary share capital of the company. |