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REGISTERED NUMBER: 13157118 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LANARK PROPERTY GROUP LTD

LANARK PROPERTY GROUP LTD (REGISTERED NUMBER: 13157118)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANARK PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R Miller
Mrs L Louth
A B Louth





REGISTERED OFFICE: 1 Dunsborough Cottages
Dunsborough Park
Ripley, Woking
Surrey
GU23 6AL





REGISTERED NUMBER: 13157118 (England and Wales)





ACCOUNTANTS: GWAS Limited
Unit 4, Jardine House
1C Claremont Road
Teddington
Middlesex
TW11 8DH

LANARK PROPERTY GROUP LTD (REGISTERED NUMBER: 13157118)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,010,940 553,250

CURRENT ASSETS
Debtors 5 16,005 63,080
Cash at bank 1 2,048
16,006 65,128
CREDITORS
Amounts falling due within one year 6 8,337 3,898
NET CURRENT ASSETS 7,669 61,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,609

614,480

CREDITORS
Amounts falling due after more than one
year

7

933,991

579,372
NET ASSETS 84,618 35,108

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 84,518 35,008
SHAREHOLDERS' FUNDS 84,618 35,108

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.

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 24 October 2024 and were signed on its behalf by:





R Miller - Director


LANARK PROPERTY GROUP LTD (REGISTERED NUMBER: 13157118)

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


1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 February 2023 553,250
Additions 379,798
Revaluations 77,892
At 31 January 2024 1,010,940
NET BOOK VALUE
At 31 January 2024 1,010,940
At 31 January 2023 553,250

LANARK PROPERTY GROUP LTD (REGISTERED NUMBER: 13157118)

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


4. TANGIBLE FIXED ASSETS - continued

Included in cost or valuation of land and buildings is freehold land of £ 1,007,642 (2023 - £ 553,250 ) which is not depreciated.

Cost or valuation at 31 January 2024 is represented by:

Land and
buildings
£   
Valuation in 2022 240,874
Valuation in 2023 312,376
Valuation in 2024 457,690
1,010,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 16,005 63,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 8,337 3,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 343,488 150,981
Other creditors 590,503 428,391
933,991 579,372

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 343,488 150,981
Other loans 590,503 428,391
933,991 579,372

At the balance sheet date Mr A B Louth held charges over the properties known as:
6 Otto Terrace, Sunderland SR2 7LW
22 Ash Drive, Willington, Crook DL15 0BN
81 Bold Street, Fleetwood, FY7 6HL
29 High Street, Barton upon Humber, DN18 5PD
36 Park Street, Grimsby, DN32 7QU
32 Gladstone Street, Crook, DL15 9EE


At the balance sheet date Onesavings Bank Plc held charges over the property known as:
6 Otto Terrace, Sunderland, SR2 7LW

At the balance sheet date Interbay Funding Ltd held charges over the property known as:
84 Park Street, Grimsby, DN32 7NT

LANARK PROPERTY GROUP LTD (REGISTERED NUMBER: 13157118)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
R Miller
Balance outstanding at start of year 2,378 (8,988 )
Amounts advanced - 11,366
Amounts repaid (8,244 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,866 ) 2,378

A B Louth
Balance outstanding at start of year - -
Amounts repaid (590,503 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (590,503 ) -

The Director, Mr A B Louth has made secured long term loans to the business in the amount of £590,503 as of 31 January 2024.