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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
Page
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LUK & CO PROPERTY LIMITED Company Information for the year ended 30 September 2024
Director
Lai Chau Luk
Company Number
12873704 (England and Wales)
Registered Office
1B TUDOR LANE CARDIFF CF11 6AZ WALES
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LUK & CO PROPERTY LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
160,000 
158,000 
Current assets
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)
Net assets
13,975 
18,143 
Capital and reserves
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
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LUK & CO PROPERTY LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
Financial instruments
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.
4
Investment property
2024 
£ 
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 
£ 
£ 
Accruals
1,020 
249 
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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).
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