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REGISTERED NUMBER: 03902484 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2023

FOR

LONDON & SUFFOLK PROPERTIES LIMITED

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


LONDON & SUFFOLK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D Frost





REGISTERED OFFICE: Waterman's House
Waterman's Court
Kingsbury Crecent
Staines - upon - Thames
Middlesex
TW18 3BA





REGISTERED NUMBER: 03902484 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LONDON & SUFFOLK PROPERTIES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London & Suffolk Properties Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of London & Suffolk Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London & Suffolk Properties Limited and state those matters that we have agreed to state to the director of London & Suffolk Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that London & Suffolk Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of London & Suffolk Properties Limited. You consider that London & Suffolk Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London & Suffolk Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


14 January 2024

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,672 35,563
Investment property 5 4,518,277 4,518,277
4,544,949 4,553,840

CURRENT ASSETS
Debtors 6 311,435 64,815
Cash at bank 891,706 1,230,689
1,203,141 1,295,504
CREDITORS
Amounts falling due within one year 7 277,032 267,592
NET CURRENT ASSETS 926,109 1,027,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,471,058

5,581,752

CREDITORS
Amounts falling due after more than one
year

8

1,402,798

1,431,271
NET ASSETS 4,068,260 4,150,481

CAPITAL AND RESERVES
Called up share capital 2,030,100 2,030,100
Share premium 10 893,334 893,334
Retained earnings 10 1,144,826 1,227,047
4,068,260 4,150,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 director and authorised for issue on 14 January 2024 and were signed by:





D Frost - Director


LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

London & Suffolk 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 118,660
DEPRECIATION
At 1 July 2022 83,097
Charge for year 8,891
At 30 June 2023 91,988
NET BOOK VALUE
At 30 June 2023 26,672
At 30 June 2022 35,563

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 4,518,277
NET BOOK VALUE
At 30 June 2023 4,518,277
At 30 June 2022 4,518,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 157,527 58,406
Directors' current accounts 145,251 -
VAT 8,657 6,409
311,435 64,815

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 96,640 96,640
Trade creditors 2,246 4,510
Corporation tax 38,676 53,834
Other creditors 71,188 53,240
Directors' current accounts - 545
Accrued expenses 3,785 3,785
Rent received in advance 64,497 55,038
277,032 267,592

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 541,039 541,039
Bank loans more than 5 years
by instalments 861,759 890,232
1,402,798 1,431,271

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 861,759 890,232
861,759 890,232

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,499,438 1,527,911

The bank loans are secured on the company's investment properties.

LONDON & SUFFOLK PROPERTIES LIMITED (REGISTERED NUMBER: 03902484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2022 1,227,047 893,334 2,120,381
Deficit for the year (82,221 ) - (82,221 )
At 30 June 2023 1,144,826 893,334 2,038,160

11. RELATED PARTY DISCLOSURES

The Director received £112,900 in dividends, this was paid by the holding company London and Suffolk Holdings Limited (2022 - £56,000).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Frost, a director and shareholder of the parent company London & Suffolk Holdings Limited.