REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements for the Period 1 August 2022 to 30 September 2023 |
for |
Lords View One Properties Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Financial Statements for the Period 1 August 2022 to 30 September 2023 |
for |
Lords View One Properties Ltd |
Lords View One Properties Ltd (Registered number: 01993889) |
Contents of the Financial Statements |
for the Period 1 August 2022 to 30 September 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Lords View One Properties Ltd |
Company Information |
for the Period 1 August 2022 to 30 September 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 540, 5th Floor, |
Linen Hall |
162- 168 Regent Street |
London |
W1B 5TF |
Lords View One Properties Ltd (Registered number: 01993889) |
Report of the Directors |
for the Period 1 August 2022 to 30 September 2023 |
The directors present their report with the financial statements of the company for the period 1 August 2022 to 30 September 2023. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report. |
S Elli |
K Seth |
S Seth |
F Lam |
N Sabharwal |
Changes in directors holding office are as follows: |
C Constantinou - resigned 9 May 2023 |
D R Seaton - resigned 9 May 2023 |
M Gunston - resigned 9 May 2023 |
J D Arnold - resigned 9 May 2023 |
P Mirchandani - appointed 9 May 2023 |
N Galani - appointed 9 May 2023 |
R Jakatdar - appointed 9 May 2023 |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Lords View One Properties Ltd (Registered number: 01993889) |
Income Statement |
for the Period 1 August 2022 to 30 September 2023 |
Period | Period |
1.8.22 | 1.10.21 |
to | to |
30.9.23 | 31.7.22 |
£ | £ |
TURNOVER |
Administrative expenses | ( |
) | ( |
) |
(11,261 | ) | (263,139 | ) |
Other operating income |
OPERATING LOSS | ( |
) | ( |
) |
Interest receivable and similar income |
LOSS BEFORE TAXATION | ( |
) | ( |
) |
Tax on loss | ( |
) | ( |
) |
LOSS FOR THE FINANCIAL PERIOD | ( |
) | ( |
) |
Lords View One Properties Ltd (Registered number: 01993889) |
Balance Sheet |
30 September 2023 |
30.9.23 | 31.7.22 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve |
Retained earnings |
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. |
Lords View One Properties Ltd (Registered number: 01993889) |
Balance Sheet - continued |
30 September 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Lords View One Properties Ltd (Registered number: 01993889) |
Notes to the Financial Statements |
for the Period 1 August 2022 to 30 September 2023 |
1. | STATUTORY INFORMATION |
Lords View One Properties Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
The surplus arising from changes in fair value are transferred from retained earnings, net of deferred tax to isolate non-distributable reserves. |
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. |
Lords View One Properties Ltd (Registered number: 01993889) |
Notes to the Financial Statements - continued |
for the Period 1 August 2022 to 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension cost and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2022 |
and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 31 July 2022 |
The Company owns the freehold of the property Lords View One, which includes Flat 1 and has the reversionary interest of 86 leasehold flats. |
Investment property comprises of Flat 1 and the reversionary interest of two flats which have short leases. The fair value of the investment property has been arrived at on the basis of a valuation agreed by the Company's board of Directors on the basis of the properties use and by reference to market evidence of transaction prices for similar properties. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.7.22 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Lords View One Properties Ltd (Registered number: 01993889) |
Notes to the Financial Statements - continued |
for the Period 1 August 2022 to 30 September 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 31.7.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
30.9.23 | 31.7.22 |
£ | £ |
Deferred tax | 160,507 | 160,507 |
This provision represents the deferred tax on the fair value uplift of the investment property. There were no changes in the year. |