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REGISTERED NUMBER: 09041054 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Laser Estates Limited

Laser Estates Limited (Registered number: 09041054)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laser Estates Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S A Mitchell





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 09041054 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Laser Estates Limited (Registered number: 09041054)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,360 28,480
Investment property 5 1,685,000 1,685,000
1,706,360 1,713,480

CURRENT ASSETS
Debtors 6 197,627 248,358
Cash at bank 113,461 135,888
311,088 384,246
CREDITORS
Amounts falling due within one year 7 241,459 354,997
NET CURRENT ASSETS 69,629 29,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,775,989

1,742,729

PROVISIONS FOR LIABILITIES 74,644 82,621
NET ASSETS 1,701,345 1,660,108

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Non distributable retained
earnings 242,632 266,562
Retained earnings 1,457,613 1,392,446
SHAREHOLDERS' FUNDS 1,701,345 1,660,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Laser Estates Limited (Registered number: 09041054)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 12 November 2024 and were signed by:





S A Mitchell - Director


Laser Estates Limited (Registered number: 09041054)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Laser Estates Limited 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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Laser Estates Limited (Registered number: 09041054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 37,973
DEPRECIATION
At 1 July 2023 9,493
Charge for year 7,120
At 30 June 2024 16,613
NET BOOK VALUE
At 30 June 2024 21,360
At 30 June 2023 28,480

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,685,000
Additions 31,907
Revaluations (31,907 )
At 30 June 2024 1,685,000
NET BOOK VALUE
At 30 June 2024 1,685,000
At 30 June 2023 1,685,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 215,000
Valuation in 2023 134,183
Valuation in 2024 (31,907 )
Cost 1,367,724
1,685,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,367,724 1,335,817

The investment properties were valued on an open market basis on 30 June 2024 by the director who is a Chartered Surveyor .

Laser Estates Limited (Registered number: 09041054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 15,021 7,269
Other debtors 92,606 56,439
107,627 63,708

Amounts falling due after more than one year:
Other debtors 90,000 184,650

Aggregate amounts 197,627 248,358

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 95 152
Taxation and social security 39,324 41,096
Other creditors 202,040 313,749
241,459 354,997