Registered number
05420869
Laus Deo Limited
Unaudited Filleted Accounts
31 March 2024
Laus Deo Limited
Registered number: 05420869
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 775,000 767,500
Current assets
Cash at bank and in hand 68 42
Creditors: amounts falling due within one year 4 (129,615) (117,066)
Net current liabilities (129,547) (117,024)
Total assets less current liabilities 645,453 650,476
Creditors: amounts falling due after more than one year 5 (223,336) (240,915)
Provisions for liabilities (28,222) (26,797)
Net assets 393,895 382,764
Capital and reserves
Called up share capital 60,000 60,000
Non-distributable reserve 7 311,625 292,725
Profit and loss account 22,270 30,039
Shareholders' funds 393,895 382,764
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kwabena Date-Bah
Director
Approved by the board on 8 November 2024
Laus Deo Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Amounts are stated in Sterling.
Turnover
Turnover represents rent receivable.
Investments
Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Investments
Other
investments
£
Fair value
At 1 April 2023 767,500
Revaluation 7,500
At 31 March 2024 775,000
Historical cost
At 1 April 2023 435,153
At 31 March 2024 435,153
Investment properties were valued on an open market basis on 31 March 2024 by the directors with reference to estate agent valuations obtained for each property.
£
Fair value represented by:
Cost 435,153
Valuation in 2012 19,847
Valuation in 2013 (5,000)
Valuation in 2014 50,000
Valuation in 2015 85,000
Valuation in 2016 100,000
Valuation in 2017 40,000
Valuation in 2018 30,000
Valuation in 2019 15,000
Valuation in 2020 (10,000)
Valuation in 2021 (15,000)
Valuation in 2022 90,000
Valuation in 2023 (67,500)
Valuation in 2024 7,500
775,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,618 20,288
Taxation and social security costs 1,416 907
Other creditors 107,581 95,871
129,615 117,066
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 223,336 240,915
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 155,407 171,181
Secured bank loans 233,822 250,127
Security has been provided by way of a mortgage deed over the company's assets.
7 Non-distributable reserve 2024 2023
£ £
At 1 April 2023 292,725 360,225
Transfer (to)/from the profit and loss reserve 18,900 (67,500)
At 31 March 2024 311,625 292,725
8 Related party transactions
During the year a director provided loans of £13,688 (2023 - £6,689) in aggregate to the company and incurred expenses on behalf of the company amounting to £798 (2023 - £624). During the year, amounts of £1,307 (2023 - £45) in aggregate were repaid by the company. The total due to the director from the company at the balance sheet date was £63,781 (2023 - £50,602). The loans are unsecured, interest free and repayable on demand.

A parent of a director was owed £37,303 (2023 - £37,303) by the company at the balance sheet date. The loan is unsecured, interest free and repayable on demand.
9 Other information
Laus Deo Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Bunyan Road
Biggleswade
Bedfordshire
SG18 8QQ
Laus Deo Limited 05420869 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Kwabena Date-Bah No description of principal activity 05420869 2022-04-01 2023-03-31 05420869 core:OtherCapitalReserve 2022-04-01 2023-03-31 05420869 core:WithinOneYear 2023-03-31 05420869 core:AfterOneYear 2023-03-31 05420869 core:ShareCapital 2023-03-31 05420869 core:OtherReservesSubtotal 2023-03-31 05420869 core:RetainedEarningsAccumulatedLosses 2023-03-31 05420869 core:RevaluationReserve 2022-03-31 05420869 2023-04-01 2024-03-31 05420869 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05420869 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05420869 bus:Director40 2023-04-01 2024-03-31 05420869 2 2023-04-01 2024-03-31 05420869 core:OtherCapitalReserve 2023-04-01 2024-03-31 05420869 countries:England 2023-04-01 2024-03-31 05420869 bus:FRS102 2023-04-01 2024-03-31 05420869 bus:FilletedAccounts 2023-04-01 2024-03-31 05420869 2024-03-31 05420869 core:WithinOneYear 2024-03-31 05420869 core:AfterOneYear 2024-03-31 05420869 core:ShareCapital 2024-03-31 05420869 core:OtherReservesSubtotal 2024-03-31 05420869 core:RetainedEarningsAccumulatedLosses 2024-03-31 05420869 core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 05420869 core:RevaluationReserve 2024-03-31 05420869 2023-03-31 05420869 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure