Company Registration No. 02677487 (England and Wales)
2/3 Lyall Street Property Management Limited
Unaudited accounts
for the year ended 31 January 2025
2/3 Lyall Street Property Management Limited
Unaudited accounts
Contents
2/3 Lyall Street Property Management Limited
Company Information
for the year ended 31 January 2025
Company Number
02677487 (England and Wales)
Registered Office
3 Lyall Street
Flat 8
London
SW1X 8DW
England
2/3 Lyall Street Property Management Limited
Statement of financial position
as at 31 January 2025
Tangible assets
115,562
115,562
Creditors: amounts falling due within one year
(821)
(821)
Net current liabilities
(821)
(821)
Net assets
114,741
114,741
Called up share capital
200
200
Share premium
114,794
114,794
Profit and loss account
(253)
(253)
Shareholders' funds
114,741
114,741
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 22 April 2025 and were signed on its behalf by
Richard Malpas
Director
Company Registration No. 02677487
2/3 Lyall Street Property Management Limited
Notes to the Accounts
for the year ended 31 January 2025
2/3 Lyall Street Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 02677487. The registered office is 3 Lyall Street, Flat 8, London, SW1X 8DW, England.
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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.
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2/3 Lyall Street Property Management Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings
At 1 February 2024
115,562
At 31 January 2025
115,562
At 31 January 2025
115,562
At 31 January 2024
115,562
5
Creditors: amounts falling due within one year
2025
2024
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).