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REGISTERED NUMBER: 11404052 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LCG PROPERTY LIMITED

LCG PROPERTY LIMITED (Registered number: 11404052)






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


LCG PROPERTY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C LI





REGISTERED OFFICE: 4 RISLEY CLOSE
MORDEN
SM4 5DS





REGISTERED NUMBER: 11404052 (England and Wales)






LCG PROPERTY LIMITED (Registered number: 11404052)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 310,245 215,107
Debtors 4 42,836 43,403
Cash at bank 200 993
353,281 259,503
CREDITORS
Amounts falling due within one
year

5

347,554

240,820
NET CURRENT ASSETS 5,727 18,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,727

18,683

CREDITORS
Amounts falling due after more
than one year

6

24,975

34,464
NET LIABILITIES (19,248 ) (15,781 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (19,348 ) (15,881 )
SHAREHOLDERS' FUNDS (19,248 ) (15,781 )

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 director acknowledges his 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 director and authorised for issue on 26 September 2024 and were signed by:




C LI - Director


LCG PROPERTY LIMITED (Registered number: 11404052)

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

1. STATUTORY INFORMATION

LCG PROPERTY 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 7,312 7,312
VAT 1,615 2,182
Prepayments and accrued income 33,909 33,909
42,836 43,403

LCG PROPERTY LIMITED (Registered number: 11404052)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 346,554 239,820
Accrued expenses 1,000 1,000
347,554 240,820

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 24,975 34,464

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary Share Capital £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (15,881 )
Deficit for the year (3,467 )
At 31 December 2023 (19,348 )

9. RELATED PARTY DISCLOSURES

The company is controlled by its director who holds 100% share capital.

During the period the transactions with director mainly arose business expenses paid on behalf of the company. As at 31.12.2023 the amount of £346,555 (2022: £239,820) was owed by the company to Mr Caiguo Li, the company director.