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REGISTERED NUMBER: 10733877 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LSKD Properties Ltd

LSKD Properties Ltd (Registered number: 10733877)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LSKD Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr L Michel
Mrs S Michel





REGISTERED OFFICE: 5 Ramillies Road
Mill Hill
London
NW7 4LY





REGISTERED NUMBER: 10733877 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

LSKD Properties Ltd (Registered number: 10733877)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,752 11,795
Investment property 5 985,381 982,265
995,133 994,060

CURRENT ASSETS
Debtors 6 328 8,728
Cash at bank 3,379 2,577
3,707 11,305
CREDITORS
Amounts falling due within one year 7 61,627 47,427
NET CURRENT LIABILITIES (57,920 ) (36,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

937,213

957,938

CREDITORS
Amounts falling due after more than one year 8 1,049,460 1,049,460
NET LIABILITIES (112,247 ) (91,522 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (112,347 ) (91,622 )
SHAREHOLDERS' FUNDS (112,247 ) (91,522 )

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

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

LSKD Properties Ltd (Registered number: 10733877)

Statement of Financial Position - continued
30 April 2024


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 Statement Of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mr L Michel - Director


LSKD Properties Ltd (Registered number: 10733877)

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

1. STATUTORY INFORMATION

LSKD Properties 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.

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

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 Statement Of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

LSKD Properties Ltd (Registered number: 10733877)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 14,744
Additions 1,132
At 30 April 2024 15,876
DEPRECIATION
At 1 May 2023 2,949
Charge for year 3,175
At 30 April 2024 6,124
NET BOOK VALUE
At 30 April 2024 9,752
At 30 April 2023 11,795

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,093,441
Additions 25,495
At 30 April 2024 1,118,936
DEPRECIATION
At 1 May 2023 111,176
Charge for year 22,379
At 30 April 2024 133,555
NET BOOK VALUE
At 30 April 2024 985,381
At 30 April 2023 982,265

LSKD Properties Ltd owns the property at 213 Hale Lane, Edgware, Middlesex, HA8 9QH for the total cost of £852,387.The company purchased the property on 17 August 2017.

Purchased Plot G.05 Swallowfield Apartment 4 Chorley New Road Horwich BL6 6HN for £217,329 on 19 October 2021.

LSKD Properties Ltd (Registered number: 10733877)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 328 328
Other debtors - 8,400
328 8,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 61,627 47,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,049,460 1,049,460

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 644,860 644,860

9. RELATED PARTY DISCLOSURES

During the year ending 30th April 2022, Lenard Michel and Shona Michel controlled the company by virtue of their controlling interests, directly or indirectly of 100% of the issued ordinary share capital.

10. GOING CONCERN BASIS OF ACCOUNTING

The directors prepared the financial statement on the going concern basis after assessing the principal risk and considering the following factors:

The company is paying £17,094 of interest against the loan of £644,860 on properties as shown in the balance sheet. The depreciation is also appropriated at 2% on straight line basis. The properties are valued at their original cost of £1,069,716 as per Note 5.

As a result the company has net liabilities of £73,510. This will in time reduce as the rent increases.