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Company Registration No. 13892544 (England and Wales)
LUSAIL LTD Unaudited accounts for the year ended 29 February 2024
LUSAIL LTD Unaudited accounts Contents
Page
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LUSAIL LTD Company Information for the year ended 29 February 2024
Director
Mrs R Narula
Company Number
13892544 (England and Wales)
Registered Office
FLEET HOUSE SPRINGHEAD ENTERPRISE PARK SPRINGHEAD ROAD EBBSFLEET DA11 8HJ UNITED KINGDOM
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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LUSAIL LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
314,316 
- 
Current assets
Cash at bank and in hand
2,458 
100 
Creditors: amounts falling due within one year
(104,231)
(240)
Net current liabilities
(101,773)
(140)
Total assets less current liabilities
212,543 
(140)
Creditors: amounts falling due after more than one year
(220,221)
- 
Net liabilities
(7,678)
(140)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,778)
(240)
Shareholders' funds
(7,678)
(140)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Mrs R Narula Director Company Registration No. 13892544
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LUSAIL LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LUSAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 13892544. The registered office is FLEET HOUSE SPRINGHEAD ENTERPRISE PARK, SPRINGHEAD ROAD, EBBSFLEET, DA11 8HJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the Rent is recognised by reference to the stage of completion of the contract.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Additions
314,316 
At 29 February 2024
314,316 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
103,655 
- 
Accruals
576 
240 
104,231 
240 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
220,221 
- 
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LUSAIL LTD Notes to the Accounts for the year ended 29 February 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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