Company Registration No. 13532597 (England and Wales)
Lgn Property Ltd
Unaudited accounts
for the year ended 31 July 2024
Lgn Property Ltd
Unaudited accounts
Contents
Lgn Property Ltd
Company Information
for the year ended 31 July 2024
Directors
Lisa Nunn
Geoffrey Nunn
Company Number
13532597 (England and Wales)
Registered Office
Corner House
Market Place
Braintree
CM7 3HQ
United Kingdom
Accountants
ST Accountancy Services Ltd
Corner House
Market Place
Braintree
Essex
CM7 3HQ
Lgn Property Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
14,000
16,000
Investment property
680,781
665,009
Cash at bank and in hand
20,790
11,083
Creditors: amounts falling due within one year
(713,538)
(695,253)
Net current liabilities
(692,748)
(684,170)
Net assets/(liabilities)
2,033
(3,161)
Called up share capital
204
204
Profit and loss account
1,829
(3,365)
Shareholders' funds
2,033
(3,161)
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
Lisa Nunn
Director
Company Registration No. 13532597
Lgn Property Ltd
Notes to the Accounts
for the year ended 31 July 2024
Lgn Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13532597. The registered office is Corner House, Market Place, Braintree, CM7 3HQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line basis over 5 years
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 August 2023
665,009
Lgn Property Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
487,739
676,360
Taxes and social security
867
149
Loans from directors
224,392
18,288
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).