29 June 2023 false No description of principal activity Taxfiler 2024.6 10823057business:PrivateLimitedCompanyLtd2023-06-292024-06-28 108230572023-06-28 108230572023-06-292024-06-28 10823057business:AuditExempt-NoAccountantsReport2023-06-292024-06-28 10823057business:FilletedAccounts2023-06-292024-06-28 108230572024-06-28 10823057business:Director12023-06-292024-06-28 10823057business:RegisteredOffice2023-06-292024-06-28 108230572023-06-28 10823057core:WithinOneYear2024-06-28 10823057core:WithinOneYear2023-06-28 10823057core:AfterOneYear2024-06-28 10823057core:AfterOneYear2023-06-28 10823057core:ShareCapitalcore:PreviouslyStatedAmount2024-06-28 10823057core:ShareCapitalcore:PreviouslyStatedAmount2023-06-28 10823057core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-28 10823057core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-28 10823057core:PreviouslyStatedAmount2024-06-28 10823057core:PreviouslyStatedAmount2023-06-28 10823057business:SmallEntities2023-06-292024-06-28 10823057countries:EnglandWales2023-06-292024-06-28 10823057core:LandBuildings2023-06-292024-06-28 10823057core:LandBuildings2023-06-28 10823057core:LandBuildings2024-06-28 108230572022-06-292023-06-28 iso4217:GBP xbrli:pure
Company Registration No. 10823057 (England and Wales)
LULU PROPERTY LTD Unaudited accounts for the year ended 28 June 2024
LULU PROPERTY LTD Unaudited accounts Contents
Page
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LULU PROPERTY LTD Company Information for the year ended 28 June 2024
Director
Russell Waters
Company Number
10823057 (England and Wales)
Registered Office
Metropole Chambers Salubrious Passage SWANSEA SA1 3RT UNITED KINGDOM
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LULU PROPERTY LTD Statement of financial position as at 28 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,453 
45,509 
Current assets
Debtors
8,000 
- 
Cash at bank and in hand
28,560 
41,626 
36,560 
41,626 
Creditors: amounts falling due within one year
11,821 
7,371 
Net current assets
48,381 
48,997 
Total assets less current liabilities
88,834 
94,506 
Creditors: amounts falling due after more than one year
(33,808)
(43,442)
Net assets
55,026 
51,064 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
55,025 
51,063 
Shareholders' funds
55,026 
51,064 
For the year ending 28 June 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 25 March 2025 and were signed on its behalf by
Russell Waters Director Company Registration No. 10823057
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LULU PROPERTY LTD Notes to the Accounts for the year ended 28 June 2024
1
Statutory information
LULU PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10823057. The registered office is Metropole Chambers, Salubrious Passage, SWANSEA, SA1 3RT, 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:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 29 June 2023
60,677 
At 28 June 2024
60,677 
Depreciation
At 29 June 2023
15,168 
Charge for the year
5,056 
At 28 June 2024
20,224 
Net book value
At 28 June 2024
40,453 
At 28 June 2023
45,509 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,000 
- 
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LULU PROPERTY LTD Notes to the Accounts for the year ended 28 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
(12,621)
(8,171)
Accruals
800 
800 
(11,821)
(7,371)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,167 
29,166 
Trade creditors
12,539 
12,539 
Taxes and social security
2,102 
1,737 
33,808 
43,442 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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