IRIS Accounts Production v24.1.9.2 12364117 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123641172022-12-31123641172023-12-31123641172023-01-012023-12-31123641172021-12-31123641172022-01-012022-12-31123641172022-12-3112364117ns15:EnglandWales2023-01-012023-12-3112364117ns14:PoundSterling2023-01-012023-12-3112364117ns10:Director12023-01-012023-12-3112364117ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112364117ns10:SmallEntities2023-01-012023-12-3112364117ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112364117ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112364117ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112364117ns10:AbridgedAccounts2023-01-012023-12-3112364117ns10:OrdinaryShareClass12023-01-012023-12-3112364117ns10:Director22023-01-012023-12-3112364117ns10:RegisteredOffice2023-01-012023-12-3112364117ns5:CurrentFinancialInstruments2023-12-3112364117ns5:CurrentFinancialInstruments2022-12-3112364117ns5:Non-currentFinancialInstruments2023-12-3112364117ns5:Non-currentFinancialInstruments2022-12-3112364117ns5:ShareCapital2023-12-3112364117ns5:ShareCapital2022-12-3112364117ns5:RetainedEarningsAccumulatedLosses2023-12-3112364117ns5:RetainedEarningsAccumulatedLosses2022-12-3112364117ns5:FurnitureFittings2023-01-012023-12-3112364117ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112364117ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112364117ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3112364117ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3112364117ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3112364117ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3112364117ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12364117 (England and Wales)







ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

L&N INVESTMENTS LTD

L&N INVESTMENTS LTD (REGISTERED NUMBER: 12364117)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L&N INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr L A Apostolou
Miss N Demosthenous





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12364117 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

L&N INVESTMENTS LTD (REGISTERED NUMBER: 12364117)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,342 1,420
Investment property 5 281,430 281,430
282,772 282,850

CURRENT ASSETS
Debtors 376 342
Cash at bank and in hand 1,601 1,570
1,977 1,912
CREDITORS
Amounts falling due within one year 92,455 98,368
NET CURRENT LIABILITIES (90,478 ) (96,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,294

186,394

CREDITORS
Amounts falling due after more than one
year

6

192,811

184,586
NET (LIABILITIES)/ASSETS (517 ) 1,808

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (617 ) 1,708
SHAREHOLDERS' FUNDS (517 ) 1,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

L&N INVESTMENTS LTD (REGISTERED NUMBER: 12364117)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





Mr L A Apostolou - Director


L&N INVESTMENTS LTD (REGISTERED NUMBER: 12364117)

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


1. STATUTORY INFORMATION

L&N Investments Ltd 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 2,369
Additions 369
At 31 December 2023 2,738
DEPRECIATION
At 1 January 2023 949
Charge for year 447
At 31 December 2023 1,396
NET BOOK VALUE
At 31 December 2023 1,342
At 31 December 2022 1,420

L&N INVESTMENTS LTD (REGISTERED NUMBER: 12364117)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 281,430
NET BOOK VALUE
At 31 December 2023 281,430
At 31 December 2022 281,430

Investment property was valued on an open market basis on 31/12/2023 by the directors.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 152,883

7. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 7,826

Amounts falling due between one and two years:
Bank loans - 1-2 years - 7,826

Amounts falling due between two and five years:
Bank loans - 2-5 years 192,811 23,877

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 152,883

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100