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REGISTERED NUMBER: 06961006 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

LOCKTILE LTD

LOCKTILE LTD (REGISTERED NUMBER: 06961006)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


LOCKTILE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs M H Lew
S Lew





SECRETARY: S Lew





REGISTERED OFFICE: 6 Moresby Road
Clapton
London
E5 9LF





REGISTERED NUMBER: 06961006 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LOCKTILE LTD (REGISTERED NUMBER: 06961006)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investment property 4 330,000 330,000

CURRENT ASSETS
Debtors 52,600 52,600
Cash at bank 178 2,885
52,778 55,485
CREDITORS
Amounts falling due within one year (296,357 ) (289,253 )
NET CURRENT LIABILITIES (243,579 ) (233,768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,421

96,232

CREDITORS
Amounts falling due after more than one year 5 (45,276 ) (49,502 )
NET ASSETS 41,145 46,730

CAPITAL AND RESERVES
Called up share capital 6 8 8
Revaluation reserve 7 25,197 25,197
Retained earnings 7 15,940 21,525
SHAREHOLDERS' FUNDS 41,145 46,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LOCKTILE LTD (REGISTERED NUMBER: 06961006)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 December 2024 and were signed on its behalf by:





S Lew - Director


LOCKTILE LTD (REGISTERED NUMBER: 06961006)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Locktile 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 330,000
NET BOOK VALUE
At 31 July 2024 330,000
At 31 July 2023 330,000

LOCKTILE LTD (REGISTERED NUMBER: 06961006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 25,197
Cost 304,803
330,000

The investment property was valued on an open market basis on 31 July 2021 by director .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
8 Ordinary £1 8 8

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 21,525 25,197 46,722
Deficit for the year (5,585 ) (5,585 )
At 31 July 2024 15,940 25,197 41,137