Company Registration No. 07929555 (England and Wales)
LA Restructuring Ltd.
Unaudited accounts
for the year ended 31 March 2024
LA Restructuring Ltd.
Unaudited accounts
Contents
LA Restructuring Ltd.
Company Information
for the year ended 31 March 2024
Company Number
07929555 (England and Wales)
Registered Office
C/O Simon Howley 1 Laurel Road
Chalfont St Peter, Gerrards Cross
Buckinghamshire
SL9 9SL
United Kingdom
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
LA Restructuring Ltd.
Accountants' report
Accountants' report to the director of LA Restructuring Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LA Restructuring Ltd. for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LA Restructuring Ltd., as a body, in accordance with the terms of our engagement letter dated 14 September 2012. Our work has been undertaken solely to prepare for your approval the accounts of LA Restructuring Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LA Restructuring Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LA Restructuring Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LA Restructuring Ltd.. You consider that LA Restructuring Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LA Restructuring Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
3 December 2024
LA Restructuring Ltd.
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
762
884
Creditors: amounts falling due within one year
5,801
6,801
Net current assets
97,611
99,892
Total assets less current liabilities
97,611
99,892
Creditors: amounts falling due after more than one year
(103,200)
(97,000)
Net (liabilities)/assets
(5,589)
2,892
Called up share capital
11
11
Profit and loss account
(5,600)
2,881
Shareholders' funds
(5,589)
2,892
For the year ending 31 March 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 3 December 2024 and were signed on its behalf by
Nick Preston
Director
Company Registration No. 07929555
LA Restructuring Ltd.
Notes to the Accounts
for the year ended 31 March 2024
LA Restructuring Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07929555. The registered office is C/O Simon Howley 1 Laurel Road, Chalfont St Peter, Gerrards Cross, Buckinghamshire, SL9 9SL, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
84,000
85,000
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,600
3,600
Taxes and social security
(2,588)
(2,588)
Loans from directors
(6,813)
(7,813)
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
103,200
97,000
LA Restructuring Ltd.
Notes to the Accounts
for the year ended 31 March 2024
7
Transactions with related parties
At the balance sheet date £104,200 was due to Presto partnership where the shareholder Nicholas Preston is a designated member.
At the balance sheet £84,000 was due to La restructuring from Tim Sewart, both Nicholas Preston and Tim Sewart are directors /shareholders of Cerno Professional Services Ltd.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).