Registered number
13305519
A & S Luisi Property Holdings Ltd
Unaudited Filleted Accounts
For the Year Ended
31 March 2024
A & S Luisi Property Holdings Ltd
Registered number: 13305519
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 169,721 170,269
Current assets
Debtors 4 873 176
Cash at bank and in hand 24,174 14,726
25,047 14,902
Creditors: amounts falling due within one year 5 (189,411) (190,572)
Net current liabilities (164,364) (175,670)
Total assets less current liabilities 5,357 (5,401)
Provisions for liabilities (930) -
Net assets/(liabilities) 4,427 (5,401)
Capital and reserves
Called up share capital 2 2
Profit and loss account 4,425 (5,403)
Shareholders' funds 4,427 (5,401)
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.
AD Luisi
Director
Approved by the board on 20 November 2024
A & S Luisi Property Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Leasehold land and buildings over the lease term
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 164,824 6,724 171,548
At 31 March 2024 164,824 6,724 171,548
Depreciation
At 1 April 2023 - 1,279 1,279
Charge for the year - 548 548
At 31 March 2024 - 1,827 1,827
Net book value
At 31 March 2024 164,824 4,897 169,721
At 31 March 2023 164,824 5,445 170,269
4 Debtors 2024 2023
£ £
Trade debtors 873 176
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 50
Taxation and social security costs 107 -
Other creditors 189,304 190,522
189,411 190,572
6 Other information
A & S Luisi Property Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Castle Rise
Kendal
Cumbria
LA9 7BQ
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