Registered number |
For the year ended |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | ( |
( |
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Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Share premium | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
A. J. Amos | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Fixtures, fittings, tools and equipment | over 10 years | |||||||
Motor Vehicles | over 8 years | |||||||
Deferred taxation | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 November 2022 | ||||||||
Additions | - | - | ||||||
At 31 October 2023 | ||||||||
Depreciation | ||||||||
At 1 November 2022 | - | |||||||
Charge for the year | - | |||||||
At 31 October 2023 | - | |||||||
Net book value | ||||||||
At 31 October 2023 | ||||||||
At 31 October 2022 | ||||||||
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 | ||||||||
At 31 October 2023 | ||||||||
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). |
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5 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | ||||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
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 |