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REGISTERED NUMBER: 11428451 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Lci Estates Ltd

Lci Estates Ltd (Registered number: 11428451)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lci Estates Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Khalil Rahman
Mrs Farida Rahman





REGISTERED OFFICE: 39 Castle Drive
Redbridge
Ilford
Essex
IG4 5AE





REGISTERED NUMBER: 11428451 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Lci Estates Ltd (Registered number: 11428451)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,926 61,914
Investments 5 246,687 246,687
307,613 308,601

CURRENT ASSETS
Debtors 6 10,733 10,000
Cash at bank 7,007 21,639
17,740 31,639
CREDITORS
Amounts falling due within one year 7 251,490 243,806
NET CURRENT LIABILITIES (233,750 ) (212,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,863

96,434

CREDITORS
Amounts falling due after more than one
year

8

31,296

60,185
NET ASSETS 42,567 36,249

Lci Estates Ltd (Registered number: 11428451)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 42,467 36,149
SHAREHOLDERS' FUNDS 42,567 36,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 15 January 2025 and were signed on its behalf by:





Mr Khalil Rahman - Director


Lci Estates Ltd (Registered number: 11428451)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lci Estates Ltd 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.

Going Concern
The total current liabilities exceeds the total current assets of the company as at 30th June 2024. The
director has confirmed that the company will have continuous support from the creditors. It is on this
basis, the accounts have be prepared on the going concern basis.

Turnover
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.

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

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 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.

Lci Estates Ltd (Registered number: 11428451)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 60,000 1,725 2,227 63,952
DEPRECIATION
At 1 July 2023 - 862 1,176 2,038
Charge for year - 431 557 988
At 30 June 2024 - 1,293 1,733 3,026
NET BOOK VALUE
At 30 June 2024 60,000 432 494 60,926
At 30 June 2023 60,000 863 1,051 61,914

Lci Estates Ltd (Registered number: 11428451)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 July 2023
and 30 June 2024 246,687
NET BOOK VALUE
At 30 June 2024 246,687
At 30 June 2023 246,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 10,733 -
Other debtors - 10,000
10,733 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 36,778 40,578
Taxation and social security 17,668 14,701
Other creditors 197,044 188,527
251,490 243,806

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 31,296 60,185

Other Creditors included the Covid 19 "Bounce Back" loan.

Lci Estates Ltd (Registered number: 11428451)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary Share Capital 100 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 36,149
Profit for the year 12,818
Dividends (6,500 )
At 30 June 2024 42,467