Company Registration No. 09424244 (England and Wales)
LETO 2 LIMITED
Accounts
for the year ended 29 February 2024
LETO 2 LIMITED
Accounts
Contents
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
LETO 2 LIMITED
Statement of financial position
as at 29 February 2024
Investment property
3,970,650
3,970,650
Cash at bank and in hand
381,803
120,653
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
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
LETO 2 LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 March 2023
3,970,650
At 29 February 2024
3,970,650
Amounts falling due within one year
Trade debtors
20,339
292,343
Accrued income and prepayments
-
2,100
LETO 2 LIMITED
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,729
57,185
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
3,921,160
3,922,660
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).