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Company Registration No. 07623859 (England and Wales)
LRS London Ltd Unaudited accounts for the year ended 31 March 2024
LRS London Ltd Unaudited accounts Contents
Page
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LRS London Ltd Company Information for the year ended 31 March 2024
Director
Lorenzo Alfredo Calzavara
Company Number
07623859 (England and Wales)
Registered Office
Stirling House Breasy Place 9 Burroughs Gardens London NW4 4AU
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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LRS London Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,742,046 
12,718,422 
Current assets
Debtors
72,666 
67,488 
Cash at bank and in hand
73,624 
23,988 
146,290 
91,476 
Creditors: amounts falling due within one year
(6,647,589)
(6,185,363)
Net current liabilities
(6,501,299)
(6,093,887)
Total assets less current liabilities
6,240,747 
6,624,535 
Creditors: amounts falling due after more than one year
(4,996,770)
(5,458,651)
Net assets
1,243,977 
1,165,884 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
1,243,974 
1,165,881 
Shareholders' funds
1,243,977 
1,165,884 
For the year ending 31 March 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 7 November 2024 and were signed on its behalf by
Lorenzo Alfredo Calzavara Director Company Registration No. 07623859
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LRS London Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LRS London Ltd is a private company, limited by shares, registered in England and Wales, registration number 07623859. The registered office is Stirling House Breasy Place, 9 Burroughs Gardens, London, NW4 4AU.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,718,422 
22,852 
12,741,274 
Additions
23,624 
- 
23,624 
At 31 March 2024
12,742,046 
22,852 
12,764,898 
Depreciation
At 1 April 2023
- 
22,852 
22,852 
At 31 March 2024
- 
22,852 
22,852 
Net book value
At 31 March 2024
12,742,046 
- 
12,742,046 
At 31 March 2023
12,718,422 
- 
12,718,422 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,879 
53,445 
Accrued income and prepayments
9,787 
14,043 
72,666 
67,488 
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LRS London Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
136,388 
- 
Trade creditors
(2,978)
2,220 
Taxes and social security
23,126 
51,703 
Other creditors
6,487,594 
6,127,992 
Accruals
3,459 
3,448 
6,647,589 
6,185,363 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,996,770 
5,458,651 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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