Registered number
11711927
LA Properties (Staffordshire) Limited
Filleted Accounts
31 December 2023
LA Properties (Staffordshire) Limited
Registered number: 11711927
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 223,350 223,350
Cash at bank and in hand 8,895 5,611
232,245 228,961
Creditors: amounts falling due within one year 3 (63,775) (63,140)
Net current assets 168,470 165,821
Total assets less current liabilities 168,470 165,821
Creditors: amounts falling due after more than one year 4 (159,411) (159,411)
Net assets 9,059 6,410
Capital and reserves
Called up share capital 200 200
Profit and loss account 8,859 6,210
Shareholders' funds 9,059 6,410
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 C Gould
Director
Approved by the board on 18 July 2024
LA Properties (Staffordshire) Limited
Notes to the Accounts
for the year ended 31 December 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 325 325
Taxation and social security costs 910 275
Other creditors 62,540 62,540
63,775 63,140
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 159,411 159,411
5 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 159,411 159,411
The bank loan is secured by way of a fixed charge over the assets of the company.
6 Other information
LA Properties (Staffordshire) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sandyford Garage
High Street
Newchapel
Staffs
ST7 4PR
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