14415505falsePROVISION OF RESIDENTIAL PROPERTY TO LET2022-10-122023-03-31http://www.companieshouse.gov.uk/2022-10-11http://www.companieshouse.gov.uk/cd:Director12022-10-122023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-10-122023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-10-122023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-10-122023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2022-10-122023-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-10-122023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-10-122023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-10-122023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14415505

LAPAL PROPERTY GROUP LTD

ACCOUNTS
FOR THE 171 DAY PERIOD ENDED 31/03/2023

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

LAPAL PROPERTY GROUP LTD

ACCOUNTS
FOR THE 171 DAY PERIOD ENDED 31/03/2023
DIRECTORS
JOEL ROY WELLS
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14415505
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

LAPAL PROPERTY GROUP LTD

ACCOUNTS
FOR THE171 DAY PERIODENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

LAPAL PROPERTY GROUP LTD

BALANCE SHEET AT 31/03/2023
2023
Notes£
CURRENT ASSETS
Debtors31,995
Cash at bank and in hand95
2,090
CREDITORS: Amounts falling due within one year42,993
NET CURRENT LIABILITIES(903)
TOTAL ASSETS LESS CURRENT LIABILITIES(903)
CAPITAL AND RESERVES
Called up share capital51
Profit and loss account(904)
SHAREHOLDERS' FUNDS(903)
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/02/2024 and signed on their behalf by
.............................
JOEL ROY WELLS
Director

LAPAL PROPERTY GROUP LTD

NOTES TO THE ACCOUNTS
FOR THE 171 DAY PERIOD ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
The company is in a net current liability position of £ 903 as at 31 March 2023. However the director has given assurances to the company that he will not draw on at least £ 1,000 of the director's loan account. On this basis the company is considered a going concern and the director is of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed.
2. EMPLOYEES
2023
No.No.
Average number of employees1
Key management personnel is restricted to that of the director.
3. DEBTORS 2023
£
Amounts falling due within one year
Prepayments1,995
1,995
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Directors current account2,633
Accruals360
2,993

LAPAL PROPERTY GROUP LTD

5. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each1
1
New shares issued during period:
1 Ordinary shares of £1 each1
1
On incorporation of the company one ordinary share of £ 1 was issued at par for cash.
6. CONTROLLING PARTY
The company is wholly owned by the director Mr J R Wells
7. RELATED PARTY TRANSACTIONS
The director Mr J R Wells did not receive a dividend in the commencement period 12 October 2022 to 31 March 2023.
8. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company was formed to operate within the residential property letting sector.
The company was incorporated on 12 October 2022 and commenced trade on the same day.
9. GENERAL INFORMATION
Lapal Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.