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REGISTERED NUMBER: 13111693 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

LRC Lets Ltd

LRC Lets Ltd (Registered number: 13111693)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LRC Lets Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: L R Cross





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 13111693 (England and Wales)





ACCOUNTANTS: JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
LRC Lets Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LRC Lets Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of LRC Lets Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LRC Lets Ltd and state those matters that we have agreed to state to the director of LRC Lets Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that LRC Lets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LRC Lets Ltd. You consider that LRC Lets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LRC Lets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR


18 October 2024

LRC Lets Ltd (Registered number: 13111693)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5 5
Investment property 5 123,000 123,000
123,005 123,005

CURRENT ASSETS
Cash at bank 37,673 34,608

CREDITORS
Amounts falling due within one year 6 70,298 69,481
NET CURRENT LIABILITIES (32,625 ) (34,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,380

88,132

CREDITORS
Amounts falling due after more than one
year

7

87,759

87,759
NET ASSETS 2,621 373

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,521 273
SHAREHOLDERS' FUNDS 2,621 373

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 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.

LRC Lets Ltd (Registered number: 13111693)

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 director and authorised for issue on 16 October 2024 and were signed by:





L R Cross - Director


LRC Lets Ltd (Registered number: 13111693)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

LRC Lets 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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).

LRC Lets Ltd (Registered number: 13111693)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 5
NET BOOK VALUE
At 31 January 2024 5
At 31 January 2023 5

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 123,000
NET BOOK VALUE
At 31 January 2024 123,000
At 31 January 2023 123,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 2,342

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 123,000
123,000

CLIENT SCREEN TOTAL = -


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 480 -
Other creditors 69,818 69,481
70,298 69,481

LRC Lets Ltd (Registered number: 13111693)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 87,759 87,759

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 87,759 87,759

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 87,759 87,759

The bank loan is secured on the company's investment property.

9. RELATED PARTY DISCLOSURES

During the year the company was provided with an interest-free loan, repayable on demand, by its director. The balance at the end of the period was in the sum of £68,893 (2023: £68,568).