IRIS Accounts Production v24.2.0.383 12374037 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123740372023-03-31123740372024-03-31123740372023-04-012024-03-31123740372022-03-31123740372022-04-012023-03-31123740372023-03-3112374037ns15:EnglandWales2023-04-012024-03-3112374037ns14:PoundSterling2023-04-012024-03-3112374037ns10:Director12023-04-012024-03-3112374037ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112374037ns10:SmallEntities2023-04-012024-03-3112374037ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112374037ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112374037ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112374037ns10:FullAccounts2023-04-012024-03-3112374037ns10:OrdinaryShareClass12023-04-012024-03-3112374037ns10:Director22023-04-012024-03-3112374037ns10:RegisteredOffice2023-04-012024-03-3112374037ns5:CurrentFinancialInstruments2024-03-3112374037ns5:CurrentFinancialInstruments2023-03-3112374037ns5:Non-currentFinancialInstruments2024-03-3112374037ns5:Non-currentFinancialInstruments2023-03-3112374037ns5:ShareCapital2024-03-3112374037ns5:ShareCapital2023-03-3112374037ns5:RetainedEarningsAccumulatedLosses2024-03-3112374037ns5:RetainedEarningsAccumulatedLosses2023-03-3112374037ns5:Secured2024-03-3112374037ns5:Secured2023-03-3112374037ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 12374037 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LPI UK PROPERTIES LIMITED

LPI UK PROPERTIES LIMITED (REGISTERED NUMBER: 12374037)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPI UK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P B Ibbitson
L C Peirson





REGISTERED OFFICE: 31 The Haven
Hull
East Yorkshire
HU19 1TH





REGISTERED NUMBER: 12374037 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

LPI UK PROPERTIES LIMITED (REGISTERED NUMBER: 12374037)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 116,275 220,275

CURRENT ASSETS
Cash at bank 3,915 6,920

CREDITORS
Amounts falling due within one year 5 22,416 65,397
NET CURRENT LIABILITIES (18,501 ) (58,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,774

161,798

CREDITORS
Amounts falling due after more than one
year

6

81,449

162,675
NET ASSETS/(LIABILITIES) 16,325 (877 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 16,323 (879 )
SHAREHOLDERS' FUNDS 16,325 (877 )

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.

LPI UK PROPERTIES LIMITED (REGISTERED NUMBER: 12374037)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





L C Peirson - Director


LPI UK PROPERTIES LIMITED (REGISTERED NUMBER: 12374037)

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

1. STATUTORY INFORMATION

LPI UK Properties 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.

Turnover
Turnover is measured at the fair value of rents received, excluding discounts, as they fall due.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Statement of Income and Retained Earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LPI UK PROPERTIES LIMITED (REGISTERED NUMBER: 12374037)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 220,275
Disposals (104,000 )
At 31 March 2024 116,275
NET BOOK VALUE
At 31 March 2024 116,275
At 31 March 2023 220,275

In the directors opinion the fair value is equal to historical cost.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates 720 -
Taxation and social security 2,075 -
Other creditors 19,621 65,397
22,416 65,397

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 81,449 162,675

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 81,449 162,675

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 81,449 162,675

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2