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REGISTERED NUMBER: NI694639 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17 FEBRUARY 2023 TO 28 FEBRUARY 2024

FOR

LOFTY PROPERTY INVESTMENTS LTD

LOFTY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: NI694639)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 FEBRUARY 2023 TO 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOFTY PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 17 FEBRUARY 2023 TO 28 FEBRUARY 2024







DIRECTORS: M McAuley
Mrs S Mcauley





REGISTERED OFFICE: 17 Clarendon Road
Belfast
BT1 3BG





REGISTERED NUMBER: NI694639 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

LOFTY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: NI694639)

BALANCE SHEET
28 FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,375
Investments 5 50
6,425

CURRENT ASSETS
Debtors 6 100
Cash at bank 17,268
17,368
CREDITORS
Amounts falling due within one year 7 22,269
NET CURRENT LIABILITIES (4,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,524

PROVISIONS FOR LIABILITIES 180
NET ASSETS 1,344

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,244
1,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LOFTY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: NI694639)

BALANCE SHEET - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





M McAuley - Director


LOFTY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: NI694639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 FEBRUARY 2023 TO 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Lofty Property Investments Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the director considers there to be no significant judgements and estimates involved.

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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES

The average number of employees during the period was NIL.

LOFTY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: NI694639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 FEBRUARY 2023 TO 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 8,500
At 28 February 2024 8,500
DEPRECIATION
Charge for period 2,125
At 28 February 2024 2,125
NET BOOK VALUE
At 28 February 2024 6,375

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 50
At 28 February 2024 50
NET BOOK VALUE
At 28 February 2024 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 22,269