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Company Registration No. 09424244 (England and Wales)
LETO 2 LIMITED Accounts for the year ended 29 February 2024
LETO 2 LIMITED Accounts Contents
Page
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LETO 2 LIMITED Company Information for the year ended 29 February 2024
Director
Valeriya Tolstousova
Company Number
09424244 (England and Wales)
Registered Office
167-169 Great Portland Street London W1W 5PF England
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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LETO 2 LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
3,970,650 
3,970,650 
Current assets
Debtors
20,339 
297,750 
Cash at bank and in hand
381,803 
120,653 
402,142 
418,403 
Creditors: amounts falling due within one year
(23,222)
(96,288)
Net current assets
378,920 
322,115 
Total assets less current liabilities
4,349,570 
4,292,765 
Creditors: amounts falling due after more than one year
(3,921,160)
(3,922,660)
Net assets
428,410 
370,105 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
427,410 
369,105 
Shareholders' funds
428,410 
370,105 
For the year ending 29 February 2024 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Valeriya Tolstousova Director Company Registration No. 09424244
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LETO 2 LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LETO 2 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09424244. The registered office is 167-169 Great Portland Street, London, W1W 5PF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
3,970,650 
At 29 February 2024
3,970,650 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,339 
292,343 
Accrued income and prepayments
- 
2,100 
Other debtors
- 
3,307 
20,339 
297,750 
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LETO 2 LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,393 
39,103 
Taxes and social security
15,729 
57,185 
Accruals
2,100 
- 
23,222 
96,288 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
3,921,160 
3,922,660 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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