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REGISTERED NUMBER: 12899322 (England and Wales)















Lane Investment Property Ltd

Unaudited Financial Statements for the Year Ended 30 September 2023






Lane Investment Property Ltd (Registered number: 12899322)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lane Investment Property Ltd (Registered number: 12899322)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 748 1,087
Investment property 5 605,000 470,000
605,748 471,087

CURRENT ASSETS
Debtors 6 20,362 17,639
Cash at bank 3,807 38,930
24,169 56,569
CREDITORS
Amounts falling due within one year 7 228,427 241,379
NET CURRENT LIABILITIES (204,258 ) (184,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,490

286,277

CREDITORS
Amounts falling due after more than
one year

8

(348,300

)

(260,275

)

PROVISIONS FOR LIABILITIES (26,638 ) (18,620 )
NET ASSETS 26,552 7,382

Lane Investment Property Ltd (Registered number: 12899322)

Balance Sheet - continued
30 September 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,452 7,282
26,552 7,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:




Mrs E H Lane - Director



Mr D A Lane - Director


Lane Investment Property Ltd (Registered number: 12899322)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Lane Investment Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12899322

Registered office: Danyderi
Llanidloes Road
Newtown
Powys
SY16 1HG

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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Lane Investment Property Ltd (Registered number: 12899322)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 1,699
DEPRECIATION
At 1 October 2022 612
Charge for year 339
At 30 September 2023 951
NET BOOK VALUE
At 30 September 2023 748
At 30 September 2022 1,087

Lane Investment Property Ltd (Registered number: 12899322)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 470,000
Additions 92,461
Revaluations 42,539
At 30 September 2023 605,000
NET BOOK VALUE
At 30 September 2023 605,000
At 30 September 2022 470,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2021 14,775
Valuation in 2022 82,137
Valuation in 2023 47,579
Cost 460,509
605,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 460,509 373,088

The investment properties were valued on an open market basis on 30 September 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,362 17,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 5,710
Other creditors 228,427 235,669
228,427 241,379

Lane Investment Property Ltd (Registered number: 12899322)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 348,300 260,275

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 348,300 260,275

The long term loans are secured by negative pledges and/or fixed charges over the investment properties held in the company.