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REGISTERED NUMBER: 08020919 (England and Wales)


















LALYS PORTFOLIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,495 43,118
Investment property 5 2,550,000 2,550,000
2,584,495 2,593,118

CURRENT ASSETS
Debtors 6 2,208 10,482
Cash at bank and in hand 10,986 10,229
13,194 20,711
CREDITORS
Amounts falling due within one year 7 (931,597 ) (925,314 )
NET CURRENT LIABILITIES (918,403 ) (904,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,092

1,688,515

CREDITORS
Amounts falling due after more than one
year

8

(917,951

)

(937,076

)

PROVISIONS FOR LIABILITIES (168,822 ) (170,978 )
NET ASSETS 579,319 580,461

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 579,219 580,361
SHAREHOLDERS' FUNDS 579,319 580,461

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.

LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2025 and were signed on its behalf by:





I S Laly - Director


LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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


1. STATUTORY INFORMATION

Lalys Portfolio Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 08020919 and registered office address is 15 Heath Ridge Green, Cobham, England, KT11 2QL.

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 provision of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of Freehold properties.

Turnover
Turnover represents amounts receivable from commercial and residential lettings.

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

Computer Equipment - 20% on reducing balance

Motor Vehicle - 20% on reducing balance

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.

Financial instruments
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in
administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

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 statement of financial position date.


LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 53,604 574 54,178
DEPRECIATION
At 1 May 2023 10,721 339 11,060
Charge for year 8,576 47 8,623
At 30 April 2024 19,297 386 19,683
NET BOOK VALUE
At 30 April 2024 34,307 188 34,495
At 30 April 2023 42,883 235 43,118

LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,550,000
NET BOOK VALUE
At 30 April 2024 2,550,000
At 30 April 2023 2,550,000

Tangible assets includes investment properties of £ 2,550,000 at 30 April 2024. (2023 - £ 2,550,000).

Cost of investment property £ 1,909,207 (2023 - £ 1,909,207)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,700
Other debtors 2,208 5,782
2,208 10,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,299 16,794
Other creditors 915,298 908,520
931,597 925,314

The loan is secured by a fixed charge over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 885,987 901,792
Hire purchase contracts 31,964 35,284
917,951 937,076

Amounts falling due in more than five years:

Repayable by instalments
more 5 yr by instal 831,703 841,073

The loan is secured by a fixed charge over the assets of the company.

LALYS PORTFOLIO LTD (REGISTERED NUMBER: 08020919)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 580,361
Profit for the year 858
Dividends (2,000 )
At 30 April 2024 579,219