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REGISTERED NUMBER: 07482165 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LAMIS INVESTMENTS LTD

LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAMIS INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Josefovitz





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 07482165 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,217 2,631
Investment property 5 1,000,000 1,000,000
1,002,217 1,002,631

CURRENT ASSETS
Debtors 6 913,039 880,641
Cash at bank 4,415 1,339
917,454 881,980
CREDITORS
Amounts falling due within one year 7 (428,132 ) (331,693 )
NET CURRENT ASSETS 489,322 550,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,539

1,552,918

CREDITORS
Amounts falling due after more than one
year

8

(716,340

)

(715,864

)
NET ASSETS 775,199 837,054

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 695,239 695,239
Retained earnings 11 79,958 141,813
SHAREHOLDERS' FUNDS 775,199 837,054

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 director acknowledges his 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.

LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





C Josefovitz - Director


LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)

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

1. STATUTORY INFORMATION

Lamis Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 7,641 3,163 10,804
DEPRECIATION
At 1 April 2023 5,120 3,053 8,173
Charge for year 378 36 414
At 31 March 2024 5,498 3,089 8,587
NET BOOK VALUE
At 31 March 2024 2,143 74 2,217
At 31 March 2023 2,521 110 2,631

LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 31 March 2023 1,000,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 695,239
Cost 304,761
1,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 913,039 880,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 21,619
Taxation and social security - 1,274
Other creditors 428,132 308,800
428,132 331,693

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 716,340 715,864

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 593,775 593,775

Repayable by instalments
Bank loans more 5 yr by instal 122,565 122,089

LAMIS INVESTMENTS LTD (REGISTERED NUMBER: 07482165)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 716,340 715,864

The bank loans and overdrafts are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 141,813 695,239 837,052
Deficit for the year (61,855 ) (61,855 )
At 31 March 2024 79,958 695,239 775,197

12. ULTIMATE CONTROLLING PARTY

The controlling party is C Josefovitz.