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REGISTERED NUMBER: 12155280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LOCK STOCK PROPERTIES LTD

LOCK STOCK PROPERTIES LTD (REGISTERED NUMBER: 12155280)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOCK STOCK PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs W L Papanicola
I Constanti
D G Hood





REGISTERED OFFICE: 7 Northgate Close
Brighton
BN2 7DZ





REGISTERED NUMBER: 12155280 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

LOCK STOCK PROPERTIES LTD (REGISTERED NUMBER: 12155280)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 173,241 173,801
Cash at bank 25,378 8,925
198,619 182,726
CREDITORS
Amounts falling due within one year 5 108,784 100,500
NET CURRENT ASSETS 89,835 82,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,835

82,226

CREDITORS
Amounts falling due after more than one
year

6

16,887

29,089
NET ASSETS 72,948 53,137

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 72,945 53,134
SHAREHOLDERS' FUNDS 72,948 53,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 8 October 2024 and were signed on its behalf by:




Mrs W L Papanicola - Director


LOCK STOCK PROPERTIES LTD (REGISTERED NUMBER: 12155280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lock Stock Properties 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.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 147,929 148,489
Tax 25,312 25,312
173,241 173,801

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 12,222 10,000
Trade creditors 1 -
Tax 94,360 88,700
Other creditors 401 -
Accruals and deferred income 1,800 1,800
108,784 100,500

LOCK STOCK PROPERTIES LTD (REGISTERED NUMBER: 12155280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 16,887 29,089

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,887 29,089

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,222 10,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,887 29,089

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary 1 3 3

9. RESERVES
Retained
earnings
£   

At 1 April 2023 53,134
Profit for the year 281,811
Dividends (262,000 )
At 31 March 2024 72,945