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REGISTERED NUMBER: 00612454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr I Gluck
Mr C Gluck





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 00612454 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,840,100 2,840,134

CURRENT ASSETS
Debtors 6 21,155 6,878
Cash at bank 152,950 109,437
174,105 116,315
CREDITORS
Amounts falling due within one year 7 (61,514 ) (14,861 )
NET CURRENT ASSETS 112,591 101,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,952,691

2,941,588

PROVISIONS FOR LIABILITIES 8 (644,000 ) (644,000 )
NET ASSETS 2,308,691 2,297,588

CAPITAL AND RESERVES
Called up share capital 9 18,500 18,500
Retained earnings 2,290,191 2,279,088
SHAREHOLDERS' FUNDS 2,308,691 2,297,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





Mr C Gluck - Director


LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Laurence Property (Investment) Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except that investment properties are measured at at fair value through profit or loss.

Critical accounting judgements and key sources of estimation uncertainty
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment properties are valued by the directors. The valuation of the company's properties is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Fixtures and fittings- 25% reducing balance

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.

Gift aid payments to parent charity
The company pays its taxable profits for the reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings. Gift aid payments are recognised in the reporting period that the payments are made. The final gift aid payment is planned to be made within nine months of the end of the reporting date.

4. EMPLOYEES AND DIRECTORS

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

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Investment and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 2,840,000 24,059 2,864,059
DEPRECIATION
At 1 April 2023 - 23,925 23,925
Charge for year - 34 34
At 31 March 2024 - 23,959 23,959
NET BOOK VALUE
At 31 March 2024 2,840,000 100 2,840,100
At 31 March 2023 2,840,000 134 2,840,134

The directors are of the opinion that £2,840,000 (2023: £2,840,000) represents the open market value of the company's investment properties at 31 March 2024. The historical cost of the properties is £208,611 (2023: £208,611).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,155 6,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 871 3,835
Other creditors 60,643 11,026
61,514 14,861

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 644,000 644,000

Deferred
tax
£   
Balance at 1 April 2023 644,000
Balance at 31 March 2024 644,000

LAURENCE PROPERTY (INVESTMENT) CO.
LIMITED (REGISTERED NUMBER: 00612454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
18,500 Ordinary £1 18,500 18,500

10. RELATED PARTY DISCLOSURES

Other debtors include amounts of £10,665 (2023: £6,386) due from companies which have directors in common with the company.

Other creditors include amounts of £48,182 (2023: £ NIL) due to a company which has directors in common with the company.

No transactions with related parties, other than amounts disclosed above, were undertaken such as are required to be disclosed under FRS102.