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REGISTERED NUMBER: 12467764 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28 February 2023

for

LBS Assets And Holdings Ltd

LBS Assets And Holdings Ltd (Registered number: 12467764)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LBS Assets And Holdings Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: L Sudbury





SECRETARY: L Sudbury





REGISTERED OFFICE: Unit L Radford Business Centre
Radford Way
Billericay
United Kingdom
CM12 0BZ





REGISTERED NUMBER: 12467764 (England and Wales)





ACCOUNTANTS: DANIEL JAMES
Unit L
Radford Business Centre
Radford Way
Billericay
Essex
CM12 0BZ

LBS Assets And Holdings Ltd (Registered number: 12467764)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 900,000 750,000

CURRENT ASSETS
Debtors 5 10,000 10,000
Cash at bank and in hand 115,013 18,722
125,013 28,722
CREDITORS
Amounts falling due within one year 6 169,320 105,636
NET CURRENT LIABILITIES (44,307 ) (76,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,693

673,086

CREDITORS
Amounts falling due after more than one
year

7

(265,065

)

(269,353

)

PROVISIONS FOR LIABILITIES (125,047 ) (66,535 )
NET ASSETS 465,581 337,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 465,481 337,098
465,581 337,198

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 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.

LBS Assets And Holdings Ltd (Registered number: 12467764)

Balance Sheet - continued
28 February 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 director and authorised for issue on 27 November 2023 and were signed by:





L Sudbury - Director


LBS Assets And Holdings Ltd (Registered number: 12467764)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

LBS Assets And Holdings 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 as modified by the revaluation of certain assets.

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 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 750,000
Revaluations 150,000
At 28 February 2023 900,000
NET BOOK VALUE
At 28 February 2023 900,000
At 28 February 2022 750,000

LBS Assets And Holdings Ltd (Registered number: 12467764)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 399,813
Valuation in 2022 350,187
Valuation in 2023 150,000
900,000

If the investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 399,813 399,813

The investment property was valued on an open market basis on 15 November 2023 by John Casson Survey Services .

Whilst the valuation took place after the year end it is agreed that this valuation is indicative of what the value would have been at the business year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 31,749 30,828
Taxation and social security 25,739 17,198
Other creditors 111,832 57,610
169,320 105,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 40,744 45,031
Other creditors 224,321 224,322
265,065 269,353