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REGISTERED NUMBER: 12448335 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LDK PROPERTY MANAGEMENT LTD

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDK PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr L D Kerry
Mrs A Kerry





REGISTERED OFFICE: 12 Victoria Road
Barnsley
United Kingdom
South Yorkshire
S70 2BB





REGISTERED NUMBER: 12448335 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,688 18,251
Investment property 5 158,648 158,648
172,336 176,899

CURRENT ASSETS
Debtors 6 8,162 2,283
Cash at bank 15,172 4,050
23,334 6,333
CREDITORS
Amounts falling due within one year 7 49,144 40,009
NET CURRENT LIABILITIES (25,810 ) (33,676 )
TOTAL ASSETS LESS CURRENT LIABILITIES 146,526 143,223

PROVISIONS FOR LIABILITIES 2,601 3,468
NET ASSETS 143,925 139,755

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 143,825 139,655
SHAREHOLDERS' FUNDS 143,925 139,755

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 20 November 2024 and were signed on its behalf by:





Mr L D Kerry - Director


LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

LDK Property Management Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest pound.

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
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. When the outcome of a transaction can be estimated reliably, turnover from accommodation rental is recognised by reference to the stage of completion at the balance sheet measured by reference to the date the rental period ceases.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles 25% reducing balance
Computer equipment 25% reducing balance

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 28,711 3,110 31,821
DEPRECIATION
At 1 March 2023 13,570 - 13,570
Charge for year 3,785 778 4,563
At 29 February 2024 17,355 778 18,133
NET BOOK VALUE
At 29 February 2024 11,356 2,332 13,688
At 28 February 2023 15,141 3,110 18,251

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 158,648
NET BOOK VALUE
At 29 February 2024 158,648
At 28 February 2023 158,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 6,708 1,176
Prepayments 1,454 1,107
8,162 2,283

LDK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12448335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,065 981
Corporation tax 3,018 12,458
VAT 6,787 8,346
Directors' current accounts 36,874 16,874
Accruals and deferred income 1,400 1,350
49,144 40,009

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. FINANCIAL COMMITMENTS

The total financial commitments which are not included in the balance sheet amount to £88,920 (2023: £80,000).

10. RELATED PARTY DISCLOSURES

During the year the company paid a total of £21,600 (2023: £22,500) to the directors Mr L Kerry and Mrs A Kerry for the lease of five apartments.