0 false false false false false false false true false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 115,562 115,562 115,562 xbrli:pure xbrli:shares iso4217:GBP 2677487 2023-02-01 2024-01-31 2677487 2024-01-31 2677487 2023-01-31 2677487 2022-02-01 2023-01-31 2677487 2023-01-31 2677487 2022-01-31 2677487 bus:Director1 2023-02-01 2024-01-31 2677487 core:WithinOneYear 2024-01-31 2677487 core:WithinOneYear 2023-01-31 2677487 core:ShareCapital 2024-01-31 2677487 core:ShareCapital 2023-01-31 2677487 core:SharePremium 2024-01-31 2677487 core:SharePremium 2023-01-31 2677487 core:RetainedEarningsAccumulatedLosses 2024-01-31 2677487 core:RetainedEarningsAccumulatedLosses 2023-01-31 2677487 core:LandBuildings 2024-01-31 2677487 core:LandBuildings 2023-01-31 2677487 bus:SmallEntities 2023-02-01 2024-01-31 2677487 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 2677487 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 2677487 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 2677487 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 2677487
2/3 Lyall Street Property Management Limited
Filleted Unaudited Financial Statements
31 January 2024
2/3 Lyall Street Property Management Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
115,562
115,562
Creditors: amounts falling due within one year
5
821
821
----
----
Net current liabilities
821
821
---------
---------
Total assets less current liabilities
114,741
114,741
---------
---------
Capital and reserves
Called up share capital
200
200
Share premium account
114,794
114,794
Profit and loss account
( 253)
( 253)
---------
---------
Shareholders funds
114,741
114,741
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 October 2024 , and are signed on behalf of the board by:
R Malpas
Director
Company registration number: 2677487
2/3 Lyall Street Property Management Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Lyall Street, Flat 8, London, SW1X 8DW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Land and buildings
£
Cost
At 1 February 2023 and 31 January 2024
115,562
---------
Depreciation
At 1 February 2023 and 31 January 2024
---------
Carrying amount
At 31 January 2024
115,562
---------
At 31 January 2023
115,562
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
821
821
----
----