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REGISTERED NUMBER: 04806443 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THAT LB PROPERTIES LIMITED

THAT LB PROPERTIES LIMITED (REGISTERED NUMBER: 04806443)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THAT LB PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: I R Bailey
Mrs M Little





SECRETARY: Mrs M Little





REGISTERED OFFICE: Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR





REGISTERED NUMBER: 04806443 (England and Wales)





ACCOUNTANTS: T O'Sullivan Limited
Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

THAT LB PROPERTIES LIMITED (REGISTERED NUMBER: 04806443)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 740,000 740,000

CURRENT ASSETS
Debtors 45,111 45,111
Cash at bank 39 647
45,150 45,758
CREDITORS
Amounts falling due within one year 47,910 31,469
NET CURRENT (LIABILITIES)/ASSETS (2,760 ) 14,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,240

754,289

CREDITORS
Amounts falling due after more than one
year

5

(582,224

)

(584,024

)

PROVISIONS FOR LIABILITIES (16,387 ) (16,387 )
NET ASSETS 138,629 153,878

CAPITAL AND RESERVES
Called up share capital 7 2 2
Non distributable reserves 86,246 86,246
Retained earnings 52,381 67,630
SHAREHOLDERS' FUNDS 138,629 153,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

THAT LB PROPERTIES LIMITED (REGISTERED NUMBER: 04806443)

ABRIDGED BALANCE SHEET - continued
30 JUNE 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 Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





I R Bailey - Director


THAT LB PROPERTIES LIMITED (REGISTERED NUMBER: 04806443)

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

1. STATUTORY INFORMATION

That LB Properties Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

This policy represents a departure from statutory accounting principles which require changes in value to be taken to the profit and loss account. The directors consider that this departure is necessary in order that the financial statements may give true and fair view because changes in current values should only be recognised in the profit and loss account when realised.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 740,000
NET BOOK VALUE
At 30 June 2024 740,000
At 30 June 2023 740,000

THAT LB PROPERTIES LIMITED (REGISTERED NUMBER: 04806443)

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

4. INVESTMENT PROPERTY - continued

Investment properties are stated at open market value based upon directors' valuation at the balance sheet date.

Cost or valuation at 30 June 2019 is represented by:

£
Valuation in 2004145,302
Valuation in 20065,739
Valuation in 20074,693
Valuation in 2009(69,488)
Cost653,754
740,000

If investment properties had not been revalued they would have been included at the follow historical cost:

20192018
££
Cost653,754653,754

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 580,124 580,124

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 584,024 585,824

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
2 Share capital 1 £1 2 2