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REGISTERED NUMBER: 14247905 (England and Wales)












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: Mr T Hackett
Miss L Jones





REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE





REGISTERED NUMBER: 14247905 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
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.






Christiansons Ltd
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 1,274
Investment property 5 10,522,531
10,523,805

CURRENT ASSETS
Debtors 6 88,357
Cash at bank and in hand 168,234
256,591
CREDITORS
Amounts falling due within one year 7 152,062
NET CURRENT ASSETS 104,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,628,334

CREDITORS
Amounts falling due after more than one
year

8

2,304,339
NET ASSETS 8,323,995

CAPITAL AND RESERVES
Called up share capital 11 8,319,620
Retained earnings 12 4,375
SHAREHOLDERS' FUNDS 8,323,995

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

L&T PROPERTY RENTALS LTD (REGISTERED NUMBER: 14247905)

BALANCE SHEET - continued
31 JULY 2023


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 15 November 2023 and were signed on its behalf by:





Miss L Jones - Director


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 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.

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 gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 2 .

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 1,323 218 1,541
At 31 July 2023 1,323 218 1,541
DEPRECIATION
Charge for period 221 46 267
At 31 July 2023 221 46 267
NET BOOK VALUE
At 31 July 2023 1,102 172 1,274

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 10,522,531
At 31 July 2023 10,522,531
NET BOOK VALUE
At 31 July 2023 10,522,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 12,637
Other debtors 36,367
Prepayments and accrued income 39,353
88,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans (see note 9) 106,638
Trade creditors 2,794
Corporation tax 29,571
Deposit held by TDS 5,112
Directors' loan accounts 447
Accrued expenses 7,500
152,062

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) 918,050
Other loans (see note 9) 1,386,289
2,304,339

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

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Other loans 106,638

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 918,050

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: £   
8,319,620 Ordinary £1 8,319,620

8,319,620 Ordinary shares of £1 were issued during the period for cash of £ 8,319,620 .

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 111,375
Dividends (107,000 )
At 31 July 2023 4,375

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.