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REGISTERED NUMBER: 06805479 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LUCKNOW INVESTMENTS LIMITED

LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUCKNOW INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: V S Mahal
S S Mahal
Mrs C Mahal





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 06805479 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,014,195 2,014,195

CURRENT ASSETS
Debtors 5 6,778 5,786
Cash at bank 239,035 185,912
245,813 191,698
CREDITORS
Amounts falling due within one year 6 229,409 254,991
NET CURRENT ASSETS/(LIABILITIES) 16,404 (63,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,030,599

1,950,902

CREDITORS
Amounts falling due after more than one year 7 785,991 892,225
NET ASSETS 1,244,608 1,058,677

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,244,508 1,058,577
SHAREHOLDERS' FUNDS 1,244,608 1,058,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





V S Mahal - Director


LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Lucknow Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable, excluding VAT.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value for the year are as follows:

- rental yield obtainable using market data and similar properties sold or on the market in the area.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,014,195
NET BOOK VALUE
At 31 January 2024 2,014,195
At 31 January 2023 2,014,195

The historical cost of the properties was £2,014,195 as at 31 January 2024 (2023 - £2,014,195).

The directors have considered the valuation at the balance sheet date and consider that no revision is necessary for the year ended 31 January 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,579 4,761
Prepayments 1,199 1,025
6,778 5,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 40,164
Other loans 130,575 130,575
Corporation tax 58,755 44,066
Social security and other taxes 3,585 3,585
Other creditors 10,000 10,000
Deferred income 17,416 17,603
Accrued expenses 9,078 8,998
229,409 254,991

LUCKNOW INVESTMENTS LIMITED (REGISTERED NUMBER: 06805479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years - 40,164
Bank loans - 2-5 years - 66,356
Directors' current account 785,991 785,705
785,991 892,225

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans - 146,684

The bank loans are secured against the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due after more than one year at 31 January 2024 are loans from the directors amounting to £785,991 (2023 - £785,705).

No interest was charged on these loans.