2 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07596832 2023-05-01 2024-04-30 07596832 2024-04-30 07596832 2023-04-30 07596832 2022-05-01 2023-04-30 07596832 2023-04-30 07596832 2022-04-30 07596832 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 07596832 bus:Director1 2023-05-01 2024-04-30 07596832 core:FurnitureFittingsToolsEquipment 2024-04-30 07596832 core:AfterOneYear 2024-04-30 07596832 core:AfterOneYear 2023-04-30 07596832 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 07596832 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 07596832 core:WithinOneYear 2024-04-30 07596832 core:WithinOneYear 2023-04-30 07596832 core:ShareCapital 2024-04-30 07596832 core:ShareCapital 2023-04-30 07596832 core:RetainedEarningsAccumulatedLosses 2024-04-30 07596832 core:RetainedEarningsAccumulatedLosses 2023-04-30 07596832 core:ShareCapital 2022-04-30 07596832 core:RetainedEarningsAccumulatedLosses 2022-04-30 07596832 core:PreviouslyStatedAmount core:ShareCapital 2024-04-30 07596832 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 07596832 core:Non-currentFinancialInstruments 2024-04-30 07596832 core:Non-currentFinancialInstruments 2023-04-30 07596832 bus:Director1 2023-04-30 07596832 bus:Director1 2024-04-30 07596832 bus:Director1 2022-04-30 07596832 bus:Director1 2023-04-30 07596832 bus:Director1 2022-05-01 2023-04-30 07596832 bus:SmallEntities 2023-05-01 2024-04-30 07596832 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07596832 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07596832 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07596832 bus:FullAccounts 2023-05-01 2024-04-30
Company registration number: 07596832
LONFANDI PROPERTIES LTD
Unaudited filleted financial statements
30 April 2024
LONFANDI PROPERTIES LTD
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
LONFANDI PROPERTIES LTD
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 6 2,975,000 2,975,000
_______ _______
2,975,000 2,975,000
Current assets
Debtors 7 2,399,675 1,943,121
Cash at bank and in hand 15,621 18,571
_______ _______
2,415,296 1,961,692
Creditors: amounts falling due
within one year 8 ( 90,024) ( 66,817)
_______ _______
Net current assets 2,325,272 1,894,875
_______ _______
Total assets less current liabilities 5,300,272 4,869,875
Creditors: amounts falling due
after more than one year 9 ( 3,351,260) ( 3,091,060)
Provisions for liabilities ( 58,669) ( 58,669)
_______ _______
Net assets 1,890,343 1,720,146
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,890,243 1,720,046
_______ _______
Shareholders funds 1,890,343 1,720,146
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Dr Robert I Cohen
Director
Company registration number: 07596832
LONFANDI PROPERTIES LTD
Statement of changes in equity
Year ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 100 1,554,319 1,554,419
Profit for the year 171,727 171,727
_______ _______ _______
Total comprehensive income for the year - 171,727 171,727
Dividends paid and payable ( 6,000) ( 6,000)
_______ _______ _______
Total investments by and distributions to owners - ( 6,000) ( 6,000)
_______ _______ _______
At 30 April 2023 and 1 May 2023 100 1,720,046 1,720,146
Profit for the year 176,197 176,197
_______ _______ _______
Total comprehensive income for the year - 176,197 176,197
Dividends paid and payable ( 6,000) ( 6,000)
_______ _______ _______
Total investments by and distributions to owners - ( 6,000) ( 6,000)
_______ _______ _______
At 30 April 2024 100 1,890,243 1,890,343
_______ _______ _______
LONFANDI PROPERTIES LTD
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Avery House, 8 Avery Hill Road, New Eltham, London, SE9 2BD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2023 and 30 April 2024 38,984 38,984
_______ _______
Depreciation
At 1 May 2023 and 30 April 2024 38,984 38,984
_______ _______
Carrying amount
At 30 April 2024 - -
_______ _______
At 30 April 2023 - -
_______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 May 2023 and 30 April 2024 2,975,000 2,975,000
_______ _______
Impairment
At 1 May 2023 and 30 April 2024 - -
_______ _______
Carrying amount
At 30 April 2024 2,975,000 2,975,000
_______ _______
At 30 April 2023 2,975,000 2,975,000
_______ _______
7. Debtors
2024 2023
£ £
Other debtors 2,399,675 1,943,121
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,527 3,527
Corporation tax 58,733 41,615
Other creditors 27,764 21,675
_______ _______
90,024 66,817
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,495,637 2,191,637
Other creditors 855,623 899,423
_______ _______
3,351,260 3,091,060
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Dr Robert I Cohen ( 5,595) ( 1,400) ( 6,995)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Dr Robert I Cohen ( 9,102) 3,507 ( 5,595)
_______ _______ _______
The Loan is interest free and repayable on demand.