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REGISTERED NUMBER: 10027817 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2024

FOR

LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED

LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 10027817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2024







DIRECTOR: M Garwood





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh-on-Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 10027817 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 10027817)

BALANCE SHEET
28TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,311 12,273
Investment property 5 22,750 -
32,061 12,273

CURRENT ASSETS
Debtors 6 20,830 37,491
Cash at bank 118,879 120,880
139,709 158,371
CREDITORS
Amounts falling due within one year 7 28,501 28,021
NET CURRENT ASSETS 111,208 130,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,269

142,623

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 143,169 142,523
SHAREHOLDERS' FUNDS 143,269 142,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th November 2024 and were signed by:



M Garwood - Director


LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 10027817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

Lock up Garages and Property Maintenance 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment - 15% and 25% reducing balance method

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.

3. EMPLOYEES AND DIRECTORS

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

LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 10027817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 28th February 2024 22,932
DEPRECIATION
At 1st March 2023 10,659
Charge for year 2,962
At 28th February 2024 13,621
NET BOOK VALUE
At 28th February 2024 9,311
At 28th February 2023 12,273

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 22,750
At 28th February 2024 22,750
NET BOOK VALUE
At 28th February 2024 22,750

Included in fair value of investment property is freehold land of £ 22,750 which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,830 37,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,890
Taxation and social security 25,584 24,361
Other creditors 2,917 1,770
28,501 28,021

8. RELATED PARTY DISCLOSURES

Included within other creditors are loans from the director totalling £1,167 (2023 £196). This loan is interest free and repayable on demand.

LOCK UP GARAGES AND PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 10027817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Garwood.