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LOUSADA (DEVELOPMENTS)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2023






LOUSADA (DEVELOPMENTS)
LIMITED (REGISTERED NUMBER: 06165368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

LOUSADA (DEVELOPMENTS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J M Soar
S C Lousada





SECRETARY: S A Hunt





REGISTERED OFFICE: The Estate Office
Oakley House
Oakley
Bedfordshire
MK43 7ST





REGISTERED NUMBER: 06165368 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

LOUSADA (DEVELOPMENTS)
LIMITED (REGISTERED NUMBER: 06165368)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 2,017,383 2,055,265
Cash at bank 4,414 21,110
2,021,797 2,076,375
CREDITORS
Amounts falling due within one year 5 223,765 272,909
NET CURRENT ASSETS 1,798,032 1,803,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,798,032

1,803,466

CREDITORS
Amounts falling due after more than one
year

6

179,000

248,000
NET ASSETS 1,619,032 1,555,466

CAPITAL AND RESERVES
Called up share capital 8 278 278
Share premium 1,055,314 1,055,314
Retained earnings 563,440 499,874
SHAREHOLDERS' FUNDS 1,619,032 1,555,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LOUSADA (DEVELOPMENTS)
LIMITED (REGISTERED NUMBER: 06165368)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th April 2024 and were signed on its behalf by:





S C Lousada - Director


LOUSADA (DEVELOPMENTS)
LIMITED (REGISTERED NUMBER: 06165368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Lousada (Developments) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to al periods presented unless otherwise stated.

Turnover
Turnover for the year represents the following, stated net of value added tax where applicable:

- Property management fees; and.
- Interest generated from investments and loans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 79,211 52,666

Amounts falling due after more than one year:
Amounts owed by participating interests 1,938,172 2,002,599

Aggregate amounts 2,017,383 2,055,265

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 80,000 124,000
Trade creditors 19,915 29,883
Amounts owed to related companies 60,000 60,000
Corporation tax 25,469 19,739
VAT 2,564 4,842
Other creditors 16,444 16,444
Directors' current accounts 13,359 13,509
Accruals and deferred income 6,014 4,492
223,765 272,909

LOUSADA (DEVELOPMENTS)
LIMITED (REGISTERED NUMBER: 06165368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 179,000 248,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 259,000 372,000

The bank loan facility is secured by a fixed and floating charge dated 25th August 2015 over all property or undertakings of the company.

Additional security has been provided by first legal charges granted over freehold premises owned by LGY Properties Limited, a company under common control.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
278 ORDINARY £1 278 278

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LOUSADA (DEVELOPMENTS)
LIMITED

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Lousada (Developments) Limited for the year ended 31st December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lousada (Developments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lousada (Developments) Limited and state those matters that we have agreed to state to the Board of Directors of Lousada (Developments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lousada (Developments) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lousada (Developments) 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 profit of Lousada (Developments) Limited. You consider that Lousada (Developments) 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 Lousada (Developments) 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


17th April 2024