Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12116178 Rasitha Subodha Leelasena Neha Kumar Leelasena the director, Mr Rasitha Subodha Leelasena true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12116178 2022-07-31 12116178 2023-07-31 12116178 2022-08-01 2023-07-31 12116178 frs-core:CurrentFinancialInstruments 2023-07-31 12116178 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 12116178 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-01 2023-07-31 12116178 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-31 12116178 frs-core:ShareCapital 2023-07-31 12116178 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12116178 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12116178 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12116178 frs-bus:SmallEntities 2022-08-01 2023-07-31 12116178 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12116178 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12116178 1 2022-08-01 2023-07-31 12116178 frs-bus:Director1 2022-08-01 2023-07-31 12116178 frs-bus:Director2 2022-08-01 2023-07-31 12116178 frs-countries:EnglandWales 2022-08-01 2023-07-31 12116178 2021-07-31 12116178 2022-07-31 12116178 2021-08-01 2022-07-31 12116178 frs-core:CurrentFinancialInstruments 2022-07-31 12116178 frs-core:ShareCapital 2022-07-31 12116178 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12116178
Liaanya Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12116178
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 395,000 340,000
395,000 340,000
CURRENT ASSETS
Cash at bank and in hand 11,381 4,855
11,381 4,855
Creditors: Amounts Falling Due Within One Year 5 (384,702 ) (383,079 )
NET CURRENT ASSETS (LIABILITIES) (373,321 ) (378,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,679 (38,224 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,281 ) -
NET ASSETS/(LIABILITIES) 3,398 (38,224 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 3,298 (38,324 )
SHAREHOLDERS' FUNDS 3,398 (38,224)
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Rasitha Subodha Leelasena
Director
28 February 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Liaanya Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12116178 . The registered office is 43 Rotherwick Road, London, NW11 7DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
2.3. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 August 2022 340,000
Disposals (6,045 )
Revaluation 61,045
As at 31 July 2023 395,000
Net Book Value
As at 31 July 2023 395,000
As at 1 August 2022 340,000
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe that their valuation would not be materially different from the professional valuation.
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 540 471
Directors' loan accounts 384,162 382,608
384,702 383,079
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Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in creditors due within one year is an amount of £384,162 (2022: £382,608 ) owed to its directors. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is the director, Mr Rasitha Subodha Leelasena by virtue of the ownership of 100% of the issued share capital in the company.
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