Company Registration No. 13361418 (England and Wales)
Romford Lita Ltd
Unaudited accounts
for the year ended 30 June 2024
Romford Lita Ltd
Unaudited accounts
Contents
Romford Lita Ltd
Company Information
for the year ended 30 June 2024
Company Number
13361418 (England and Wales)
Registered Office
Standard House
107-115 Eastmoor Street
London
SE7 8LX
England
Accountants
Valuemaven Business Services (UK) Limited
7 Lita Mews
Romford
London
RM1 3FG
Romford Lita Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
361
1,712,299
Creditors: amounts falling due within one year
(646,536)
(1,608,878)
Net current assets
1
103,421
Called up share capital
1
1
Profit and loss account
-
103,420
Shareholders' funds
1
103,421
For the year ending 30 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 2 April 2025 and were signed on its behalf by
X Lita
Director
Company Registration No. 13361418
Romford Lita Ltd
Notes to the Accounts
for the year ended 30 June 2024
Romford Lita Ltd is a private company, limited by shares, registered in England and Wales, registration number 13361418. The registered office is Standard House, 107-115 Eastmoor Street, London, SE7 8LX, England.
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.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover from the sale of houses is recognised when houses have been completed and given to customers such that risks and rewards of ownership have transferred to them.
Amounts falling due within one year
Amounts due from group undertakings etc.
394,176
-
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
560,200
767,200
Amounts owed to group undertakings and other participating interests
-
761,253
Taxes and social security
85,586
78,425
Romford Lita Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Transactions with related parties
Other creditors includes amounts owed to Lita Homes Limited of £394,176 (2023: £761,253), the parent company of Romford Lita Ltd. Mr X Lita is the common director.
The ultimate controlling party is Mr X Lita who is the controlling shareholder in parent company Lita Homes Limited. Mr X Lita is common director of Romford Lita Ltd and Lita Homes Limited.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).