LHSA 2 Investments Ltd 14634716 false 2023-02-02 2024-02-29 2024-02-29 The principal activity of the company is that of buying, selling and renting of property Digita Accounts Production Advanced 6.30.9574.0 true true 14634716 2023-02-02 2024-02-29 14634716 2024-02-29 14634716 bus:OrdinaryShareClass1 2024-02-29 14634716 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14634716 core:Non-currentFinancialInstruments 2024-02-29 14634716 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 14634716 bus:SmallEntities 2023-02-02 2024-02-29 14634716 bus:AuditExemptWithAccountantsReport 2023-02-02 2024-02-29 14634716 bus:FilletedAccounts 2023-02-02 2024-02-29 14634716 bus:SmallCompaniesRegimeForAccounts 2023-02-02 2024-02-29 14634716 bus:RegisteredOffice 2023-02-02 2024-02-29 14634716 bus:Director1 2023-02-02 2024-02-29 14634716 bus:OrdinaryShareClass1 2023-02-02 2024-02-29 14634716 bus:PrivateLimitedCompanyLtd 2023-02-02 2024-02-29 14634716 bus:Agent1 2023-02-02 2024-02-29 14634716 countries:EnglandWales 2023-02-02 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14634716 (England and Wales)

LHSA 2 Investments Ltd

Unaudited Filleted Financial Statements

for the Period from 2 February 2023 to 29 February 2024

 

LHSA 2 Investments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

LHSA 2 Investments Ltd

Company Information

Director

Lord Hadi Sadrudin Ahmad

Registered office

4 Heath Close
London
W5 3EG

Accountants

Aventus Partners Limited Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

LHSA 2 Investments Ltd

(Registration number: 14634716) (England and Wales)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Investment property

4

742,981

Current assets

 

Cash at bank and in hand

 

8,632

Creditors: Amounts falling due within one year

5

(236,100)

Net current liabilities

 

(227,468)

Total assets less current liabilities

 

515,513

Creditors: Amounts falling due after more than one year

5

(524,055)

Net liabilities

 

(8,542)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(8,642)

Shareholders' deficit

 

(8,542)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 17 January 2025
 

.........................................
Lord Hadi Sadrudin Ahmad
Director

   
     
 

LHSA 2 Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Heath Close
London
W5 3EG
United Kingdom

These financial statements were authorised for issue by the director on 17 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future and are willing to provide the necessary financial support as necessary and accordingly these financial statements have been prepared on a going concern basis.

 

LHSA 2 Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

LHSA 2 Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the period, was 1.

 

LHSA 2 Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

4

Investment properties

2024
£

Additions

742,981

At 29 February

742,981

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Accruals and deferred income

 

1,200

Other creditors

8

229,950

Directors current account

 

4,950

 

236,100

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

6

524,055

6

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

524,055

 

LHSA 2 Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

8

Related party transactions


Incuded in other creditors of £229,950 are borrowings from following parties:

At the balance sheet date, the company owed £110,000 to Global VIPS Limited. a company incorporated in England and Wales and in which the directo is also director and shareholder

At the balance sheet date, the company owed £5,000 to LHSA1 Property Management Ltd. a company incorporated in England and Wales and in which the director is also director and 50% shareholder.