Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31true2023-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09538297 2023-01-01 2023-12-31 09538297 2022-01-01 2022-12-31 09538297 2023-12-31 09538297 2022-12-31 09538297 c:Director1 2023-01-01 2023-12-31 09538297 d:FreeholdInvestmentProperty 2023-12-31 09538297 d:FreeholdInvestmentProperty 2022-12-31 09538297 d:CurrentFinancialInstruments 2023-12-31 09538297 d:CurrentFinancialInstruments 2022-12-31 09538297 d:Non-currentFinancialInstruments 2023-12-31 09538297 d:Non-currentFinancialInstruments 2022-12-31 09538297 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09538297 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09538297 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09538297 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09538297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09538297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09538297 d:ShareCapital 2023-12-31 09538297 d:ShareCapital 2022-12-31 09538297 d:RetainedEarningsAccumulatedLosses 2023-12-31 09538297 d:RetainedEarningsAccumulatedLosses 2022-12-31 09538297 c:FRS102 2023-01-01 2023-12-31 09538297 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09538297 c:FullAccounts 2023-01-01 2023-12-31 09538297 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09538297 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09538297









LOT 43 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LOT 43 LTD
REGISTERED NUMBER: 09538297

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,552,447
2,552,447

  
2,552,447
2,552,447

Current assets
  

Debtors: amounts falling due within one year
 5 
19,251
5,178

Cash at bank and in hand
 6 
-
16,238

  
19,251
21,416

Creditors: amounts falling due within one year
 7 
(621,976)
(634,491)

Net current liabilities
  
 
 
(602,725)
 
 
(613,075)

Total assets less current liabilities
  
1,949,722
1,939,372

Creditors: amounts falling due after more than one year
 8 
(1,804,771)
(1,808,085)

  

Net assets
  
144,951
131,287


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
144,851
131,187

  
144,951
131,287


Page 1

 
LOT 43 LTD
REGISTERED NUMBER: 09538297
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Lockhart
Director


Date: 31 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LOT 43 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lot 43 Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company's principal activity is that of property lettings.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Revenue

Revenue represents rents receivable.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Investment property

Investment property is carried at fair value determined by external valuers and/or the Directors, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in Profit or Loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
LOT 43 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
2,552,447



At 31 December 2023
2,552,447

Investment property comprises 93 Kingsland Road, London E2 8AG. The fair value of the investment property was arrived at on the basis of a valuation carried out on 14 September 2018 by Colliers International Valuation UK LLP, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.






5.


Debtors

2023
2022
£
£


Trade debtors
12,000
-

Other debtors
2,002
-

Prepayments and accrued income
5,249
5,178

19,251
5,178



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
16,238

Less: bank overdrafts
(51)
-

(51)
16,238


Page 4

 
LOT 43 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
51
-

Bank loans
7,509
7,509

Other loans
61,700
27,500

Trade creditors
19,995
22,395

Corporation tax
33,640
26,595

Other creditors
470,172
525,212

Accruals and deferred income
28,909
25,280

621,976
634,491



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,804,771
1,808,085

1,804,771
1,808,085


Included within bank loans is a mortgage totalling £1,781,565 (2022: £1,781,565) which is secured by a fixed charge over the assets of the Company.

Page 5

 
LOT 43 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,509
7,509

Other loans
61,700
27,500


69,209
35,009

Amounts falling due after more than one year

Bank loans
1,804,771
1,808,085


1,804,771
1,808,085



1,873,980
1,843,094



10.


Related party transactions

At the balance sheet date, the company owed the directors £453,597 (2022: £491,937). This balance is
repayable on demand and carries no interest.

 
Page 6