1 October 2022 false No description of principal activity Taxfiler 2024.1 13602025business:PrivateLimitedCompanyLtd2022-10-012023-09-30 136020252022-09-30 136020252022-10-012023-09-30 13602025business:AuditExemptWithAccountantsReport2022-10-012023-09-30 13602025business:FilletedAccounts2022-10-012023-09-30 136020252023-09-30 13602025business:Director12022-10-012023-09-30 13602025business:Director22022-10-012023-09-30 13602025business:Director32022-10-012023-09-30 13602025business:RegisteredOffice2022-10-012023-09-30 136020252022-09-30 13602025core:WithinOneYear2023-09-30 13602025core:WithinOneYear2022-09-30 13602025core:AfterOneYear2023-09-30 13602025core:AfterOneYear2022-09-30 13602025core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 13602025core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 13602025core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 13602025core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 13602025core:PreviouslyStatedAmount2023-09-30 13602025core:PreviouslyStatedAmount2022-09-30 13602025business:SmallEntities2022-10-012023-09-30 13602025countries:EnglandWales2022-10-012023-09-30 13602025core:WithinOneYear2022-10-012023-09-30 13602025core:MoreThanFiveYears2023-09-30 13602025core:MoreThanFiveYears2022-09-30 13602025core:AfterOneYear2022-10-012023-09-30 136020252021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 13602025 (England and Wales)
LRFAKK Properties Ltd Unaudited accounts for the year ended 30 September 2023
LRFAKK Properties Ltd Unaudited accounts Contents
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LRFAKK Properties Ltd Company Information for the year ended 30 September 2023
Directors
Alexander Jack Richard Mckee Duncan Townsend
Company Number
13602025 (England and Wales)
Registered Office
5 Whiteford Road Plymouth PL3 5LU England
Accountants
PBS Accounting Limited Unit 2 Lister Mill Business Park Lister Close, Plympton Plymouth Devon PL7 4BA
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LRFAKK Properties Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
518,625 
518,625 
Current assets
Cash at bank and in hand
4 
1,305 
Creditors: amounts falling due within one year
(194,632)
(187,445)
Net current liabilities
(194,628)
(186,140)
Total assets less current liabilities
323,997 
332,485 
Creditors: amounts falling due after more than one year
(317,175)
(331,414)
Net assets
6,822 
1,071 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,722 
971 
Shareholders' funds
6,822 
1,071 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
Alexander Jack Director Company Registration No. 13602025
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LRFAKK Properties Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
LRFAKK Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13602025. The registered office is 5 Whiteford Road, Plymouth, PL3 5LU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 October 2022
518,625 
At 30 September 2023
518,625 
The directors of the company have reviewed the value of the investment property and have deemed that it has not changed in value.
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,670 
12,637 
Taxes and social security
1,349 
228 
Other creditors
7,886 
7,886 
Loans from directors
166,772 
165,836 
Accruals
955 
858 
194,632 
187,445 
Creditors due within one year includes a secured loan of £17,670 (2022: £12,637) which is secured against the freehold property 5 Whiteford Road, Plymouth.
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LRFAKK Properties Ltd Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
317,175 
331,414 
Aggregate of amounts that fall due for payment after five years
236,730 
268,230 
Creditors due after one year includes the balance of a secured loan of £317,175 (2022: £335,635) against the freehold property 5 Whiteford Road, Plymouth.
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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