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REGISTERED NUMBER: 11112476 (England and Wales)















LUCSAN PROPERTY LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






LUCSAN PROPERTY LTD (Registered number: 11112476)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUCSAN PROPERTY LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N J Waters
L V Waters





REGISTERED OFFICE: 13 Rodmell Close
Bromley Cross
Bolton
BL7 9DT





REGISTERED NUMBER: 11112476 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

LUCSAN PROPERTY LTD (Registered number: 11112476)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,165 152,887

CURRENT ASSETS
Debtors 5 850 1,750
Cash at bank 4,567 6,113
5,417 7,863
CREDITORS
Amounts falling due within one year 6 63,596 61,851
NET CURRENT LIABILITIES (58,179 ) (53,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,986

98,899

CREDITORS
Amounts falling due after more than one
year

7

86,240

86,240
NET ASSETS 8,746 12,659

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 8,736 12,649
SHAREHOLDERS' FUNDS 8,746 12,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

LUCSAN PROPERTY LTD (Registered number: 11112476)

Balance Sheet - continued
31 December 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 11 September 2024 and were signed on its behalf by:





N J Waters - Director


LUCSAN PROPERTY LTD (Registered number: 11112476)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

LUCSAN PROPERTY LTD 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Furniture, fittings & equipment - 33% on reducing balance

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 2 (2022 - 2 ) .

LUCSAN PROPERTY LTD (Registered number: 11112476)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Furniture,
Freehold fittings
property & equipment Totals
£    £    £   
COST
At 1 January 2023 152,722 1,045 153,767
Additions - 500 500
At 31 December 2023 152,722 1,545 154,267
DEPRECIATION
At 1 January 2023 - 880 880
Charge for year - 222 222
At 31 December 2023 - 1,102 1,102
NET BOOK VALUE
At 31 December 2023 152,722 443 153,165
At 31 December 2022 152,722 165 152,887

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments & other debtors 850 1,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors & accruals 420 384
Taxation - 1,467
Other creditors 63,176 60,000
63,596 61,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 86,240 86,240

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 86,240 86,240

The bank loan is secured by way of a mortgage against the freehold property (note 6) to which it relates.

LUCSAN PROPERTY LTD (Registered number: 11112476)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary 1 10 10