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REGISTERED NUMBER: 01085104 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Laxmi Investments Limited

Laxmi Investments Limited (Registered number: 01085104)






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


Laxmi Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N R Hathiramani
R D Hathiramani





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 01085104 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Laxmi Investments Limited (Registered number: 01085104)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,310 2,547
Investment property 5 1,160,000 1,310,000
1,163,310 1,312,547

CURRENT ASSETS
Debtors 6 102,205 95,593
Cash at bank 193,684 191,927
295,889 287,520
CREDITORS
Amounts falling due within one year 7 (138,021 ) (139,722 )
NET CURRENT ASSETS 157,868 147,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,321,178

1,460,345

PROVISIONS FOR LIABILITIES (19,840 ) (56,996 )
NET ASSETS 1,301,338 1,403,349

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 434,898 547,398
Retained earnings 856,440 845,951
1,301,338 1,403,349

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.

Laxmi Investments Limited (Registered number: 01085104)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





N R Hathiramani - Director


Laxmi Investments Limited (Registered number: 01085104)

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

1. STATUTORY INFORMATION

Laxmi 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.

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
Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 15% on reducing balance

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Laxmi Investments Limited (Registered number: 01085104)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 8,139 3,461 11,600
Additions - 1,348 1,348
At 31 December 2023 8,139 4,809 12,948
DEPRECIATION
At 1 January 2023 6,940 2,113 9,053
Charge for year 180 405 585
At 31 December 2023 7,120 2,518 9,638
NET BOOK VALUE
At 31 December 2023 1,019 2,291 3,310
At 31 December 2022 1,199 1,348 2,547

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,310,000
Revaluations (150,000 )
At 31 December 2023 1,160,000
NET BOOK VALUE
At 31 December 2023 1,160,000
At 31 December 2022 1,310,000

Investment properties are shown at fair value assessed by the directors.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 58,301 45,920
Other debtors 43,904 49,673
102,205 95,593

Other debtors includes prepayments of £2,954, (2022: £2,335)

Laxmi Investments Limited (Registered number: 01085104)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,524 4,403
Taxation and social security 8,657 12,068
Other creditors 124,840 123,251
138,021 139,722

Other creditors includes accruals of £52,884 (2022: £36,002)