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REGISTERED NUMBER: 12384983 (England and Wales)















LAST HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAST HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: Mrs M E Last
K J Last





SECRETARY:





REGISTERED OFFICE: Lawrenny Lodge
Aberamffra Road
Barmouth
Gwynedd
LL42 1SU





REGISTERED NUMBER: 12384983 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,000 63,000
Tangible assets 5 501,063 469,798
555,063 532,798

CURRENT ASSETS
Debtors 6 - 2,458
Cash at bank 28,291 25,432
28,291 27,890
CREDITORS
Amounts falling due within one year 7 340,377 289,332
NET CURRENT LIABILITIES (312,086 ) (261,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,977

271,356

CREDITORS
Amounts falling due after more than one
year

8

297,367

311,792
NET LIABILITIES (54,390 ) (40,436 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (54,392 ) (40,438 )
SHAREHOLDERS' FUNDS (54,390 ) (40,436 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

BALANCE SHEET - continued
31 JANUARY 2024


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 14 October 2024 and were signed on its behalf by:




Mrs M E Last - Director



K J Last - Director


LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

Last Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance

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 2 (2023 - 2 ) .

LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 90,000
AMORTISATION
At 1 February 2023 27,000
Charge for year 9,000
At 31 January 2024 36,000
NET BOOK VALUE
At 31 January 2024 54,000
At 31 January 2023 63,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property Annexe fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 410,000 66,642 1,160 634 478,436
Additions - 31,537 - - 31,537
At 31 January 2024 410,000 98,179 1,160 634 509,973
DEPRECIATION
At 1 February 2023 8,200 - 244 194 8,638
Charge for year - - 184 88 272
At 31 January 2024 8,200 - 428 282 8,910
NET BOOK VALUE
At 31 January 2024 401,800 98,179 732 352 501,063
At 31 January 2023 401,800 66,642 916 440 469,798

Monies spent on the extension have been an investment by the directors in the companies asset with potential for future additional revenue.

A formal valuation of the property will be obtained once the extension has been completed.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2,458

LAST HOLDINGS LTD (REGISTERED NUMBER: 12384983)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13 -
Trade creditors 780 25,782
Other creditors 339,584 263,550
340,377 289,332

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 297,367 311,792