Company Registration No. 11649526 (England and Wales)
Lalee Properties Ltd
Unaudited accounts
for the year ended 31 October 2024
Lalee Properties Ltd
Unaudited accounts
Contents
Lalee Properties Ltd
Company Information
for the year ended 31 October 2024
Company Number
11649526 (England and Wales)
Registered Office
Hubberts Bridge House
Lineside Hubberts Bridge
Boston
Lincolnshire
PE20 3QX
England
Accountants
Bourne & Co
27 Pilleys Lane
Boston
Lincolnshire
PE21 9RA
Lalee Properties Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
700,004
700,004
Cash at bank and in hand
70,301
59,018
Creditors: amounts falling due within one year
(261,705)
(259,910)
Net current liabilities
(190,324)
(199,877)
Total assets less current liabilities
509,680
500,127
Creditors: amounts falling due after more than one year
(480,708)
(480,708)
Called up share capital
100
100
Profit and loss account
28,872
19,319
Shareholders' funds
28,972
19,419
For the year ending 31 October 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 20 November 2024 and were signed on its behalf by
Dr M T Butt
Director
Company Registration No. 11649526
Lalee Properties Ltd
Notes to the Accounts
for the year ended 31 October 2024
Lalee Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11649526. The registered office is Hubberts Bridge House, Lineside Hubberts Bridge, Boston, Lincolnshire, PE20 3QX, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pounds 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:
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
700,004
4,760
704,764
At 31 October 2024
700,004
4,760
704,764
At 1 November 2023
-
4,760
4,760
At 31 October 2024
-
4,760
4,760
At 31 October 2024
700,004
-
700,004
At 31 October 2023
700,004
-
700,004
Amounts falling due within one year
Accrued income and prepayments
930
865
Lalee Properties Ltd
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,245
3,560
Loans from directors
259,060
255,950
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
480,708
480,708
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).