IRIS Accounts Production v24.2.0.383 13817111 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138171112022-12-31138171112023-12-31138171112023-01-012023-12-31138171112021-12-23138171112021-12-242022-12-31138171112022-12-3113817111ns15:EnglandWales2023-01-012023-12-3113817111ns14:PoundSterling2023-01-012023-12-3113817111ns10:Director12023-01-012023-12-3113817111ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113817111ns10:SmallEntities2023-01-012023-12-3113817111ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113817111ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113817111ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113817111ns10:FullAccounts2023-01-012023-12-3113817111ns10:Director22023-01-012023-12-3113817111ns10:Director32023-01-012023-12-3113817111ns10:Director42023-01-012023-12-3113817111ns10:CompanySecretary12023-01-012023-12-3113817111ns10:RegisteredOffice2023-01-012023-12-3113817111ns5:CurrentFinancialInstruments2023-12-3113817111ns5:CurrentFinancialInstruments2022-12-3113817111ns5:ShareCapital2023-12-3113817111ns5:ShareCapital2022-12-3113817111ns5:RetainedEarningsAccumulatedLosses2023-12-3113817111ns5:RetainedEarningsAccumulatedLosses2022-12-3113817111ns5:PlantMachinery2023-01-012023-12-3113817111ns5:PlantMachinery2023-12-31
REGISTERED NUMBER: 13817111 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LSDR Properties Limited

LSDR Properties Limited (Registered number: 13817111)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LSDR Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L B Saffer
S Saffer
R E Saffer
D L Saffer





SECRETARY: S Saffer





REGISTERED OFFICE: 18 Crescent Gardens
Leeds
West Yorkshire
LS17 8DR





REGISTERED NUMBER: 13817111 (England and Wales)





ACCOUNTANTS: Northern Tonic Limited
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

LSDR Properties Limited (Registered number: 13817111)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 519 -
Investment property 5 386,038 207,065
386,557 207,065

CURRENT ASSETS
Cash at bank and in hand 5,399 4,786

CREDITORS
Amounts falling due within one year 6 391,723 212,335
NET CURRENT LIABILITIES (386,324 ) (207,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233

(484

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133 (584 )
233 (484 )

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.

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 23 September 2024 and were signed on its behalf by:





L B Saffer - Director


LSDR Properties Limited (Registered number: 13817111)

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

1. STATUTORY INFORMATION

LSDR Properties Limited is a private company, registered in England and Wales. The company's registered number is 13817111 and the registered office is 18 Crescent Gardens, Leeds LS17 8DR.

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.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition
Incoming revenue is recognised when rents are charged to tenants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
The directors of the company have considered the value of the properties at the balance sheet date, having regard to similar properties on the open market.

Taxation
Taxation for the year comprises of current 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 taxation is 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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

LSDR Properties Limited (Registered number: 13817111)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 778
At 31 December 2023 778
DEPRECIATION
Charge for year 259
At 31 December 2023 259
NET BOOK VALUE
At 31 December 2023 519

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 207,065
Additions 178,973
At 31 December 2023 386,038
NET BOOK VALUE
At 31 December 2023 386,038
At 31 December 2022 207,065

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 47 31
Other creditors 391,676 212,304
391,723 212,335

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The property was bought with financial assistance from the directors. The loan outstanding at the year end is £390,208, is interest free and is repayable on demand.