Registered number
12738286
Long Road Properties Ltd
Filleted Accounts
31 July 2023
Long Road Properties Ltd
Registered number: 12738286
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 160,107 160,107
Current assets
Debtors 4 80 61
Cash at bank and in hand 14,257 12,431
14,337 12,492
Creditors: amounts falling due within one year 5 (55,138) (56,444)
Net current liabilities (40,801) (43,952)
Total assets less current liabilities 119,306 116,155
Creditors: amounts falling due after more than one year 6 (114,983) (114,079)
Net assets 4,323 2,076
Capital and reserves
Called up share capital 50 50
Profit and loss account 4,273 2,026
Shareholders' funds 4,323 2,076
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R L Bold
Director
Approved by the board on 2 April 2024
Long Road Properties Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover consists of rent receivable.
Investments
Investments consists of investment property, which is property held to earn rentals and/or for capital appreciation, initially recognised at cost which includes the purchase cost and any directly attributable expenditure.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The tax expense represents the sum of the tax currently payable.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Investments
Other
investments
£
Cost
At 1 August 2022 160,107
At 31 July 2023 160,107
The value of the investment property has been determined by the cost of the property paid at
purchase, and any such associated fees incurred in the purchase of the property. The directors
believe the historic cost is still an appropriate measurement of its value.
4 Debtors 2023 2022
£ £
Other debtors 80 61
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 527 257
Other creditors 54,611 56,187
55,138 56,444
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 114,983 114,079
7 Other information
Long Road Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Snitterton Road
Matlock
Derbyshire
DE4 3LZ
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