Company Registration No. 12873704 (England and Wales)
LUK & CO PROPERTY LIMITED
Unaudited accounts
for the year ended 30 September 2024
LUK & CO PROPERTY LIMITED
Unaudited accounts
Contents
LUK & CO PROPERTY LIMITED
Company Information
for the year ended 30 September 2024
Company Number
12873704 (England and Wales)
Registered Office
1B TUDOR LANE
CARDIFF
CF11 6AZ
WALES
LUK & CO PROPERTY LIMITED
Statement of financial position
as at 30 September 2024
Investment property
160,000
158,000
Cash at bank and in hand
117,295
131,865
Creditors: amounts falling due within one year
(1,020)
(249)
Net current assets
116,275
131,616
Total assets less current liabilities
276,275
289,616
Creditors: amounts falling due after more than one year
(255,894)
(265,067)
Provisions for liabilities
Deferred tax
(6,406)
(6,406)
Called up share capital
10
10
Profit and loss account
13,965
18,133
Shareholders' funds
13,975
18,143
For the year ending 30 September 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 5 November 2024 and were signed on its behalf by
Lai Chau Luk
Director
Company Registration No. 12873704
LUK & CO PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 September 2024
LUK & CO PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12873704. The registered office is 1B TUDOR LANE, CARDIFF, CF11 6AZ, WALES.
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 £ sterling.
Investment property is included at cost. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 October 2023
158,000
Net gain from fair value adjustments
2,000
At 30 September 2024
160,000
5
Creditors: amounts falling due within one year
2024
2023
LUK & CO PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
255,894
265,067
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).