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Registration number: 13596172

Lakas Housing Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Lakas Housing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lakas Housing Ltd

Company Information

Directors

Mr S Dunleavy

Ms J Schaffer

Registered office

17 Stonecot Hill
Sutton
Surrey
SM3 9HB

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Lakas Housing Ltd

(Registration number: 13596172)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

278,641

278,641

Current assets

 

Cash at bank and in hand

 

30,876

6,733

Creditors: Amounts falling due within one year

5

(117,301)

(175,125)

Net current liabilities

 

(86,425)

(168,392)

Total assets less current liabilities

 

192,216

110,249

Creditors: Amounts falling due after more than one year

5

(214,072)

(154,404)

Net liabilities

 

(21,856)

(44,155)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(21,857)

(44,156)

Shareholders' deficit

 

(21,856)

(44,155)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 March 2024 and signed on its behalf by:
 

.........................................
Mr S Dunleavy
Director

 

Lakas Housing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

These financial statements were authorised for issue by the Board on 3 March 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

Nil

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Lakas Housing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2022

278,641

278,641

At 30 September 2023

278,641

278,641

Depreciation

Carrying amount

At 30 September 2023

278,641

278,641

At 30 September 2022

278,641

278,641

Included within the net book value of land and buildings above is £278,641 (2022 - £278,641) in respect of freehold land and buildings.
 

 

Lakas Housing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,803

3,053

Other creditors

113,498

172,072

117,301

175,125

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

214,072

154,404

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

214,072

154,404