IRIS Accounts Production v24.2.0.383 10482965 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104829652022-11-30104829652023-11-30104829652022-12-012023-11-30104829652021-11-30104829652021-12-012022-11-30104829652022-11-3010482965ns15:EnglandWales2022-12-012023-11-3010482965ns14:PoundSterling2022-12-012023-11-3010482965ns10:Director12022-12-012023-11-3010482965ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3010482965ns10:SmallEntities2022-12-012023-11-3010482965ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3010482965ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3010482965ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010482965ns10:FullAccounts2022-12-012023-11-3010482965ns10:Director22022-12-012023-11-3010482965ns10:RegisteredOffice2022-12-012023-11-3010482965ns5:CurrentFinancialInstruments2023-11-3010482965ns5:CurrentFinancialInstruments2022-11-3010482965ns5:Non-currentFinancialInstruments2023-11-3010482965ns5:Non-currentFinancialInstruments2022-11-3010482965ns5:ShareCapital2023-11-3010482965ns5:ShareCapital2022-11-3010482965ns5:RetainedEarningsAccumulatedLosses2023-11-3010482965ns5:RetainedEarningsAccumulatedLosses2022-11-3010482965ns5:DeferredTaxation2022-11-3010482965ns5:DeferredTaxation2023-11-30
REGISTERED NUMBER: 10482965 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

LAZOVA INVESTMENT PROPERTIES LIMITED

LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

LAZOVA INVESTMENT PROPERTIES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs M Pegg
J N Pegg





REGISTERED OFFICE: 224 Dyke Road
Brighton
United Kingdom
BN1 5AE





REGISTERED NUMBER: 10482965 (England and Wales)





ACCOUNTANTS: Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,700,000 3,485,000

CURRENT ASSETS
Debtors 5 2,457 75,957
Cash at bank 33,190 125,016
35,647 200,973
CREDITORS
Amounts falling due within one year 6 757,125 765,361
NET CURRENT LIABILITIES (721,478 ) (564,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,978,522

2,920,612

CREDITORS
Amounts falling due after more than one
year

7

(2,468,317

)

(2,471,604

)

PROVISIONS FOR LIABILITIES 9 (133,590 ) (118,291 )
NET ASSETS 376,615 330,717

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 376,515 330,617
376,615 330,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





J N Pegg - Director


LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lazova Investment Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 3,485,000
Additions 202,264
Revaluations 12,736
At 30 November 2023 3,700,000
NET BOOK VALUE
At 30 November 2023 3,700,000
At 30 November 2022 3,485,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 526,773
Valuation in 2023 12,736
Cost 3,160,491
3,700,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,457 75,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,074 -
Directors' loan accounts 752,290 764,161
Accrued expenses 2,761 1,200
757,125 765,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 2,468,317 2,471,604

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,468,317 2,471,604

LAZOVA INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 10482965)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 2,468,317 2,471,604

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 133,590 118,291

Deferred
tax
£   
Balance at 1 December 2022 118,291
Trade losses utilised 12,115
Revaluation of property 3,184
Balance at 30 November 2023 133,590

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lazova Investment Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lazova Investment Properties Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lazova Investment Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lazova Investment Properties Limited and state those matters that we have agreed to state to the Board of Directors of Lazova Investment Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lazova Investment Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lazova Investment Properties Limited. You consider that Lazova Investment Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lazova Investment Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ


28 August 2024