1 March 2023 false Taxfiler 2024.5 11880373business:PrivateLimitedCompanyLtd2023-03-012024-02-29 118803732023-02-28 118803732023-03-012024-02-29 11880373business:AuditExemptWithAccountantsReport2023-03-012024-02-29 11880373business:FilletedAccounts2023-03-012024-02-29 118803732024-02-29 11880373business:Director12023-03-012024-02-29 11880373business:Director22023-03-012024-02-29 11880373business:RegisteredOffice2023-03-012024-02-29 118803732023-02-28 11880373core:WithinOneYear2024-02-29 11880373core:WithinOneYear2023-02-28 11880373core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11880373core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11880373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11880373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11880373core:PreviouslyStatedAmount2024-02-29 11880373core:PreviouslyStatedAmount2023-02-28 11880373business:SmallEntities2023-03-012024-02-29 11880373countries:EnglandWales2023-03-012024-02-29 118803732022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11880373 (England and Wales)
Laughlin Properties Ltd Unaudited accounts for the year ended 29 February 2024
Laughlin Properties Ltd Unaudited accounts Contents
Page
- 2 -
Laughlin Properties Ltd Company Information for the year ended 29 February 2024
Directors
John Laughlin Sarah Laughlin
Company Number
11880373 (England and Wales)
Registered Office
First Floor 85 Great Portland St London England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Laughlin Properties Ltd Accountants' report
Accountants' report to the board of directors of Laughlin Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Laughlin Properties Ltd for the year ended 29 February 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Laughlin Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Laughlin Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laughlin Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Laughlin Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Laughlin Properties Ltd. You consider that Laughlin Properties Ltd 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 accounts of Laughlin Properties Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 20 June 2024
- 4 -
Laughlin Properties Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
255,262 
255,262 
Current assets
Cash at bank and in hand
7,023 
19,472 
Creditors: amounts falling due within one year
(226,851)
(250,138)
Net current liabilities
(219,828)
(230,666)
Net assets
35,434 
24,596 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
35,424 
24,586 
Shareholders' funds
35,434 
24,596 
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 directors acknowledge their 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 of Directors and authorised for issue on 8 September 2024 and were signed on its behalf by
John Laughlin Director Company Registration No. 11880373
- 5 -
Laughlin Properties Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Laughlin Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11880373. The registered office is First Floor, 85 Great Portland St, London, 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.
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
255,262 
At 29 February 2024
255,262 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,542 
2,830 
Loans from directors
223,544 
246,543 
Accruals
765 
765 
226,851 
250,138 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -