Registered number
03393048
LASSCO (HOLDINGS) LTD
Unaudited Filleted Accounts
For the year ended
31 October 2023
LASSCO (HOLDINGS) LTD
Registered number: 03393048
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,765,777 5,735,676
Investments 4 30,200 30,200
5,795,977 5,765,876
Current assets
Debtors 5 622,924 605,113
Cash at bank and in hand 171,031 141,907
793,955 747,020
Creditors: amounts falling due within one year 6 (323,848) (350,302)
Net current assets 470,107 396,718
Total assets less current liabilities 6,266,084 6,162,594
Creditors: amounts falling due after more than one year 7 (772,998) (816,531)
Provisions for liabilities (1,194,000) (1,194,000)
Net assets 4,299,086 4,152,063
Capital and reserves
Called up share capital 11,030 11,030
Share premium 820,220 820,220
Profit and loss account 3,467,836 3,320,813
Shareholders' funds 4,299,086 4,152,063
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. J. Amos
Director
Approved by the board on 23 July 2024
LASSCO (HOLDINGS) LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents and service charges.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 10 years
Motor Vehicles over 8 years
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 5,685,625 100,309 27,627 5,813,561
Additions 43,585 - - 43,585
At 31 October 2023 5,729,210 100,309 27,627 5,857,146
Depreciation
At 1 November 2022 - 69,678 8,207 77,885
Charge for the year - 10,031 3,453 13,484
At 31 October 2023 - 79,709 11,660 91,369
Net book value
At 31 October 2023 5,729,210 20,600 15,967 5,765,777
At 31 October 2022 5,685,625 30,631 19,420 5,735,676
The company's freehold properties were valued at Market Value on 19th March 2019 by Peter Jacob MRCIS Registered Valuer of BNP Paribas Real Estate UK in the sum of £5,035,000. The potential Corporation Tax liability at a rate of 25% (2022 25%) on the surplus arising on the Company's Freehold Investment Properties is £1,194,000 (2022 £1,194,000).
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2022 30,200
At 31 October 2023 30,200
The Company's investment represents the cost of the acquisition of 100% of the Ordinary Share Capital of LASSCO Ltd a company registered in England. At 31st October 2023 the Share Capital and Reserves of LASSCO Ltd amounted to a deficit of £181,129 (2022 deficit £181,760).

It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO (House and Garden) Ltd a company registered in England. At 31st October 2023, the aggregate Share Capital and Reserves of LASSCO (House and Garden) Ltd. was a surplus of £94,936 (2022 £113,088).

It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO Modern Salvage Ltd a company registered in England. At 31st October 2022, the aggregate Share Capital and Reserves of LASSCO Modern Salvage Ltd. was a deficit of £4,891 (2022 £4,891).

It also includes the cost of acquisition of 100% of the Ordinary Share Capital of Maltby Street Market Ltd a company registered in England. At 31st October 2022, the aggregate Share Capital and Reserves of Maltby Street Market Ltd was a deficit of £1,210 (2022 deficit of £1,210).
5 Debtors 2023 2022
£ £
Trade debtors 89,554 101,551
Amounts owed by group undertakings and undertakings in which the company has a participating interest 292,542 281,980
Other debtors 240,828 221,582
622,924 605,113
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 54,764 65,995
Trade creditors 87,283 6,726
Taxation and social security costs 5,973 9,471
Other creditors 175,828 268,110
323,848 350,302
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 772,998 816,531
The bank loan is secured by a fixed and floating charge on the assets of the Company.
8 Other information
LASSCO (HOLDINGS) LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brunswick House
30 Wandsworth Road
London
SW8 2LG
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