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REGISTERED NUMBER: 12321588 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

Lattice Property Projects Limited

Lattice Property Projects Limited (Registered number: 12321588)

Contents of the Financial Statements
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lattice Property Projects Limited

Company Information
For The Year Ended 30 November 2023







DIRECTORS: Mr Mr S Kheti
Mrs E A Kheti





REGISTERED OFFICE: 54a Church Road
Ashford
Middlesex
TW15 2TS





REGISTERED NUMBER: 12321588 (England and Wales)





ACCOUNTANTS: Ashwells Associates Limited
Chartered Certified Accountants
54a Church Road
Ashford
Middlesex
TW15 2TS

Lattice Property Projects Limited (Registered number: 12321588)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,014,786 862,675

CURRENT ASSETS
Cash at bank and in hand 3,336 2,223

CREDITORS
Amounts falling due within one year 5 25,682 10,267
NET CURRENT LIABILITIES (22,346 ) (8,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,440

854,631

CREDITORS
Amounts falling due after more than one
year

6

(810,860

)

(654,967

)

PROVISIONS FOR LIABILITIES (53,499 ) (45,359 )
NET ASSETS 128,081 154,305

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 228,074 193,374
Retained earnings (100,193 ) (39,269 )
128,081 154,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Lattice Property Projects Limited (Registered number: 12321588)

Balance Sheet - continued
30 November 2023


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 28 November 2024 and were signed on its behalf by:




Mrs E A Kheti - Director



Mr Mr S Kheti - Director


Lattice Property Projects Limited (Registered number: 12321588)

Notes to the Financial Statements
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Lattice Property Projects Limited 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

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.

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the
purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 material 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.

Lattice Property Projects Limited (Registered number: 12321588)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 753,160
Revaluations 42,840
At 30 November 2023 796,000
NET BOOK VALUE
At 30 November 2023 796,000
At 30 November 2022 753,160


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other creditors 25,682 10,267

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 445,799 364,970
Other creditors 365,061 289,997
810,860 654,967

Amounts falling due in more than five years:

Repayable by instalments
Directors loan account>5 years 365,061 289,997

7. RESERVES
Fair
value
reserve
£   
At 1 December 2022 193,374
Movement during the year 34,700

At 30 November 2023 228,074