IRIS Accounts Production v24.3.2.46 10240147 director 1.5.23 30.4.24 30.4.24 false true false false true false Defined benefit pension plans Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102401472023-04-30102401472024-04-30102401472023-05-012024-04-30102401472022-04-30102401472022-05-012023-04-30102401472023-04-3010240147ns15:EnglandWales2023-05-012024-04-3010240147ns14:PoundSterling2023-05-012024-04-3010240147ns10:Director12023-05-012024-04-3010240147ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010240147ns10:SmallEntities2023-05-012024-04-3010240147ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010240147ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010240147ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010240147ns10:FullAccounts2023-05-012024-04-3010240147ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2023-05-012024-04-3010240147ns10:OrdinaryShareClass12023-05-012024-04-3010240147ns10:CompanySecretary12023-05-012024-04-3010240147ns10:RegisteredOffice2023-05-012024-04-3010240147ns5:CurrentFinancialInstruments2024-04-3010240147ns5:CurrentFinancialInstruments2023-04-3010240147ns5:Non-currentFinancialInstruments2024-04-3010240147ns5:Non-currentFinancialInstruments2023-04-3010240147ns5:ShareCapital2024-04-3010240147ns5:ShareCapital2023-04-3010240147ns5:RetainedEarningsAccumulatedLosses2024-04-3010240147ns5:RetainedEarningsAccumulatedLosses2023-04-3010240147ns5:FurnitureFittings2023-05-012024-04-3010240147ns5:FurnitureFittings2023-04-3010240147ns5:FurnitureFittings2024-04-3010240147ns5:FurnitureFittings2023-04-3010240147ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010240147ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010240147ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3010240147ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3010240147ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3010240147ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3010240147ns5:DeferredTaxation2023-05-012024-04-3010240147ns5:DeferredTaxation2024-04-3010240147ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 10240147 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LP CONSOLIDATED INVESTMENTS LIMITED

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LP CONSOLIDATED INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr R R Pathman





SECRETARY: Ms C Milazzo





REGISTERED OFFICE: 55 Loudoun Road
St. John's Wood
London
NW8 0DL





REGISTERED NUMBER: 10240147 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,061 247
Investment property 5 3,270,200 2,714,928
3,272,261 2,715,175

CURRENT ASSETS
Debtors 6 11,675 5,623
Cash at bank and in hand 156,893 7,018
168,568 12,641
CREDITORS
Amounts falling due within one year 7 (23,314 ) (63,179 )
NET CURRENT ASSETS/(LIABILITIES) 145,254 (50,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,417,515 2,664,637

CREDITORS
Amounts falling due after more than one
year

8

(1,310,970

)

(921,854

)

PROVISIONS FOR LIABILITIES 10 (110,374 ) -
NET ASSETS 1,996,171 1,742,783

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,996,071 1,742,683
SHAREHOLDERS' FUNDS 1,996,171 1,742,783

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 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.

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr R R Pathman - Director


LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

LP Consolidated Investments 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 FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for rent and related income. Rent is recognised evenly over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3. EMPLOYEES AND DIRECTORS

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

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 1,224
Additions 2,830
At 30 April 2024 4,054
DEPRECIATION
At 1 May 2023 977
Charge for year 1,016
At 30 April 2024 1,993
NET BOOK VALUE
At 30 April 2024 2,061
At 30 April 2023 247

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,714,928
Additions 113,776
Revaluations 441,496
At 30 April 2024 3,270,200
NET BOOK VALUE
At 30 April 2024 3,270,200
At 30 April 2023 2,714,928

Investment properties which are freehold were valued on an open market basis at 30 April 2024 by the director. On historical cost basis the properties would have been disclosed at the original cost of £2,828,704 (2023: £2,714,928).


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,598 -
Other debtors 10,077 5,623
11,675 5,623

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 3,782 2,540
Other creditors 19,532 60,639
23,314 63,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 1,310,970 921,854

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 775,538 -

Repayable by instalments
Bank loans more 5 yr by instal 535,432 547,985

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 373,869

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 775,538 -

Repayable by instalments
Bank loans more 5 yr by instal 535,432 547,985

Bank loans of £1,310,970 (2023: £921,854) are secured against the assets of the company.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 110,374 -

LP CONSOLIDATED INVESTMENTS LIMITED (REGISTERED NUMBER: 10240147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 110,374
Balance at 30 April 2024 110,374

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R R Pathman.

13. SHARE PREMIUM ACCOUNT

30.4.23 30.4.22
£    £   

At the beginning of the year 588,384 1,188,384
Other movements (588,384 ) (600,000 )
At the end of the year - 588,384