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Company Registration No. 10957636 (England and Wales)
Lsk 85 Properties Ltd Unaudited accounts for the year ended 30 September 2024
Lsk 85 Properties Ltd Unaudited accounts Contents
Page
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Lsk 85 Properties Ltd Company Information for the year ended 30 September 2024
Director
Luke Knighton
Company Number
10957636 (England and Wales)
Registered Office
CLAPGATE HOUSE ASHBY PUERORUM HORNCASTLE UNITED KINGDOM LN9 6QU
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Lsk 85 Properties Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
120,325 
120,325 
Current assets
Cash at bank and in hand
1,410 
3,746 
Creditors: amounts falling due within one year
(33,476)
(40,618)
Net current liabilities
(32,066)
(36,872)
Total assets less current liabilities
88,259 
83,453 
Creditors: amounts falling due after more than one year
(86,254)
(81,304)
Net assets
2,005 
2,149 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,905 
2,049 
Shareholders' funds
2,005 
2,149 
For the year ending 30 September 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 his 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 11 February 2025 and were signed on its behalf by
Luke Knighton Director Company Registration No. 10957636
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Lsk 85 Properties Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Lsk 85 Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10957636. The registered office is CLAPGATE HOUSE, ASHBY PUERORUM, HORNCASTLE, UNITED KINGDOM, LN9 6QU.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
120,325 
At 30 September 2024
120,325 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,908 
Taxes and social security
- 
17 
Loans from directors
33,117 
35,455 
Accruals
359 
238 
33,476 
40,618 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
86,254 
81,304 
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Lsk 85 Properties Ltd Notes to the Accounts for the year ended 30 September 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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