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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
Page
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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
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Lgn Property Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,000 
16,000 
Investment property
680,781 
665,009 
694,781 
681,009 
Current assets
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)
Capital and reserves
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
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Lgn Property Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
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 
£ 
Cost or valuation
At cost 
At 1 August 2023
20,000 
At 31 July 2024
20,000 
Depreciation
At 1 August 2023
4,000 
Charge for the year
2,000 
At 31 July 2024
6,000 
Net book value
At 31 July 2024
14,000 
At 31 July 2023
16,000 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
665,009 
Additions
15,772 
At 31 July 2024
680,781 
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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 
Accruals
540 
456 
713,538 
695,253 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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