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
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
LRFAKK Properties Ltd
Statement of financial position
as at 30 September 2023
Investment property
518,625
518,625
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)
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
LRFAKK Properties Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
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.
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).