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L2 INVEST LTD

Registered Number
SC718829
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

L2 INVEST LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Natalia Streeter

Registered Address

52 Hallfield Crescent
Aberdeen
AB16 6SD

Registered Number

SC718829 (Scotland)
L2 INVEST LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property4262,052233,500
262,052233,500
Current assets
Debtors114328
Cash at bank and on hand21,3964,196
21,5104,524
Creditors amounts falling due within one year5(120,234)(103,297)
Net current assets (liabilities)(98,724)(98,773)
Total assets less current liabilities163,328134,727
Creditors amounts falling due after one year6(188,944)(175,125)
Net assets(25,616)(40,398)
Capital and reserves
Revaluation reserve12,50031,000
Profit and loss account(38,116)(71,398)
Shareholders' funds(25,616)(40,398)
The financial statements were approved and authorised for issue by the Director on 31 October 2024, and are signed on its behalf by:
Natalia Streeter
Director
Registered Company No. SC718829
L2 INVEST LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from rental income is recognised when the company is due rent from tenants. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year01
3.Tangible fixed assets
4.Investment property

£
Fair value at 01 February 23233,500
Additions10,051
Fair value adjustments18,501
At 31 January 24262,052
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,815-
Other creditors115,419103,297
Total120,234103,297
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts188,944175,125
Total188,944175,125