IRIS Accounts Production v24.3.2.46 13914086 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139140862023-02-28139140862024-02-29139140862023-03-012024-02-29139140862022-02-13139140862022-02-142023-02-28139140862023-02-2813914086ns15:EnglandWales2023-03-012024-02-2913914086ns14:PoundSterling2023-03-012024-02-2913914086ns10:Director12023-03-012024-02-2913914086ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913914086ns10:SmallEntities2023-03-012024-02-2913914086ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913914086ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913914086ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913914086ns10:FullAccounts2023-03-012024-02-2913914086ns10:OrdinaryShareClass12023-03-012024-02-2913914086ns5:CurrentFinancialInstruments2024-02-2913914086ns5:CurrentFinancialInstruments2023-02-2813914086ns5:Non-currentFinancialInstruments2024-02-2913914086ns5:Non-currentFinancialInstruments2023-02-2813914086ns5:ShareCapital2024-02-2913914086ns5:ShareCapital2023-02-2813914086ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2913914086ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2813914086ns5:RetainedEarningsAccumulatedLosses2024-02-2913914086ns5:RetainedEarningsAccumulatedLosses2023-02-2813914086ns10:RegisteredOffice2023-03-012024-02-2913914086ns5:ComputerEquipment2023-03-012024-02-2913914086ns5:ComputerEquipment2024-02-2913914086ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913914086ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813914086ns5:Secured2024-02-2913914086ns5:Secured2023-02-2813914086ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 13914086 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Last First Ltd

Last First Ltd (Registered number: 13914086)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Last First Ltd (Registered number: 13914086)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 867 -
Investment property 5 365,000 176,282
365,867 176,282

CURRENT ASSETS
Debtors 6 7,308 5,166
Cash at bank 9,353 3,171
16,661 8,337
CREDITORS
Amounts falling due within one year 7 184,852 77,167
NET CURRENT LIABILITIES (168,191 ) (68,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,676

107,452

CREDITORS
Amounts falling due after more than
one year

8

(148,712

)

(127,320

)

PROVISIONS FOR LIABILITIES (9,702 ) -
NET ASSETS/(LIABILITIES) 39,262 (19,868 )

Last First Ltd (Registered number: 13914086)

Statement of Financial Position - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 83,214 -
Retained earnings (44,052 ) (19,968 )
SHAREHOLDERS' FUNDS 39,262 (19,868 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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

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 25 February 2025 and were signed on its behalf by:





Mr Bastiaan Frans Gerard Rohof - Director


Last First Ltd (Registered number: 13914086)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Last First Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13914086

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.


Last First Ltd (Registered number: 13914086)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 1,156
At 29 February 2024 1,156
DEPRECIATION
Charge for year 289
At 29 February 2024 289
NET BOOK VALUE
At 29 February 2024 867

Last First Ltd (Registered number: 13914086)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 176,282
Additions 95,803
Revaluations 92,915
At 29 February 2024 365,000
NET BOOK VALUE
At 29 February 2024 365,000
At 28 February 2023 176,282

Investment property situated at 186/188, Pontefract Lane, Leeds, LS9 8QJ is under a charge from Hope Capital 2 Limited .The charge was created on 09th February 2023.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 92,915
Cost 272,085
365,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 7,308 5,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 164,500 75,000
Other creditors 20,352 2,167
184,852 77,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 148,712 127,320

Last First Ltd (Registered number: 13914086)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 164,500 75,000

The loan amounting to £164,500 is secured by the way of charge on the property situated at 186/188, Pontefract Lane, Leeds, LS9 8QJ (disclosed as investment property).The charge was created in the name of Hope Capital 2 Limited on 09th February 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
Transfer to/from reserves 83,214

At 29 February 2024 83,214

12. RELATED PARTY DISCLOSURES

The company owes £74,804 including €86,919 (2023: £64,108 including €72,619) to its director, Mr Bastiaan Frans Gerard Rohof who is also a 50% shareholder of the company as at accounting year end date.

The company owes £74,804 including €86,919 (2023: £64,108 including €72,619) to its director, Mrs Susanne Last who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £1,329 from Eighteen Clarence Street Ltd, a company registered in United Kingdom (Company registered number: 15203825) as at accounting year end date. Mr Bastiaan Frans Gerard Rohof and Mrs Susanne Last are also director of this company. Last First Ltd is also a 50% shareholder of this company.