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REGISTERED NUMBER: 09022360















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

LPC PROPERTIES LIMITED

LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LPC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P Ciccone
L Ciccone





REGISTERED OFFICE: 37 Howard Road
Seer Green
Beaconsfield
Buckinghamshire
HP9 2XT





REGISTERED NUMBER: 09022360





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 678 1,017

CURRENT ASSETS
Stocks 1,347,599 1,660,429
Debtors 5 136,432 32,883
Cash at bank and in hand 1,118,525 749,257
2,602,556 2,442,569
CREDITORS
Amounts falling due within one year 6 2,480,614 2,442,261
NET CURRENT ASSETS 121,942 308
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,620

1,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,520 1,225
SHAREHOLDERS' FUNDS 122,620 1,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





P Ciccone - Director


LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

LPC Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 3 years straight line

Stocks
Stock represents property which are valued at the lower of cost and net realisable value. Cost includes acquisition cost, incidental costs and enhancement costs.

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 berecovered 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 2 (2022 - 2 ) .

LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 1,017
DEPRECIATION
Charge for year 339
At 31 May 2023 339
NET BOOK VALUE
At 31 May 2023 678
At 31 May 2022 1,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 136,432 32,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 374
Taxation and social security 41,364 442
Other creditors 2,439,250 2,441,445
2,480,614 2,442,261

7. RELATED PARTY DISCLOSURES

Included in other creditor is £2,436,250 (2022: £2,436,250) due to Silvio's Quality Sandwich Bars Limited, a company in which Mr P Ciccone is also a director. The loan is interest free and repayable on demand.

Included in other debtors is £136,432 (2022: £31,536) due from the directors of the company. The loan is repaid within nine months post year end.