Registered number
12636317
L.A. RESIDENTIALS LTD
Filleted Accounts
30 June 2024
L.A. RESIDENTIALS LTD
Registered number: 12636317
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 210,000 130,000
Current assets
Cash at bank and in hand 8,378 2,680
Creditors: amounts falling due within one year 4 (2,880) (1,829)
Net current assets 5,498 851
Net assets 215,498 130,851
Capital and reserves
Called up share capital 210,000 130,000
Profit and loss account 5,498 851
Shareholders' funds 215,498 130,851
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fatima Ajmal
Director
Approved by the board on 19 February 2025
L.A. RESIDENTIALS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 130,000
Additions 80,000
At 30 June 2024 210,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 210,000
At 30 June 2023 130,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan Account 102 102
Taxation and social security costs 2,028 977
Other creditors 750 750
2,880 1,829
5 Other information
L.A. RESIDENTIALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
374 New North Road
Ilford
England
IG6 3DY
L.A. RESIDENTIALS LTD 12636317 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Fatima Ajmal No description of principal activity 12636317 2022-07-01 2023-06-30 12636317 core:WithinOneYear 2023-06-30 12636317 core:ShareCapital 2023-06-30 12636317 core:RetainedEarningsAccumulatedLosses 2023-06-30 12636317 2023-07-01 2024-06-30 12636317 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12636317 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12636317 bus:Director40 2023-07-01 2024-06-30 12636317 2 2023-07-01 2024-06-30 12636317 core:LandBuildings 2023-07-01 2024-06-30 12636317 countries:England 2023-07-01 2024-06-30 12636317 bus:FRS102 2023-07-01 2024-06-30 12636317 bus:FilletedAccounts 2023-07-01 2024-06-30 12636317 2024-06-30 12636317 core:WithinOneYear 2024-06-30 12636317 core:ShareCapital 2024-06-30 12636317 core:RetainedEarningsAccumulatedLosses 2024-06-30 12636317 core:LandBuildings 2024-06-30 12636317 2023-06-30 12636317 core:LandBuildings 2023-06-30 iso4217:GBP xbrli:pure