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Company Registration No. 13825313 (England and Wales)
LO PROPERTY 1 LTD Unaudited accounts for the year ended 31 January 2024
LO PROPERTY 1 LTD Unaudited accounts Contents
Page
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LO PROPERTY 1 LTD Company Information for the year ended 31 January 2024
Director
Luke Michael O'SHEA
Company Number
13825313 (England and Wales)
Registered Office
19 SCAWTHORPE AVENUE DONCASTER DN5 9DG ENGLAND
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LO PROPERTY 1 LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
385,674 
112,000 
Current assets
Cash at bank and in hand
462 
1,754 
Creditors: amounts falling due within one year
(242,449)
(35,125)
Net current liabilities
(241,987)
(33,371)
Total assets less current liabilities
143,687 
78,629 
Creditors: amounts falling due after more than one year
(166,500)
(84,000)
Net liabilities
(22,813)
(5,371)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,814)
(5,372)
Shareholders' funds
(22,813)
(5,371)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Luke Michael O'SHEA Director Company Registration No. 13825313
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LO PROPERTY 1 LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
LO PROPERTY 1 LTD is a private company, limited by shares, registered in England and Wales, registration number 13825313. The registered office is 19 SCAWTHORPE AVENUE, DONCASTER, DN5 9DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
112,000 
Additions
273,674 
At 31 January 2024
385,674 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
242,099 
35,000 
Accruals
350 
125 
242,449 
35,125 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
166,500 
84,000 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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