Registered number
12774888
LS HOUSINGS LTD
Filleted Accounts
31 July 2024
LS HOUSINGS LTD
Registered number: 12774888
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,168,811 1,168,811
Current assets
Cash at bank and in hand 1,168 32,418
Creditors: amounts falling due within one year 4 (303,200) (326,328)
Net current liabilities (302,032) (293,910)
Total assets less current liabilities 866,779 874,901
Creditors: amounts falling due after more than one year 5 (827,820) (851,014)
Net assets 38,959 23,887
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,957 23,885
Shareholders' funds 38,959 23,887
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ranbir Singh Sandhu
Director
Approved by the board on 29 March 2025
LS HOUSINGS LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other Other
investments investments
£ £
Cost
At 1 August 2023 1,168,811 1,168,811
At 31 July 2024 1,168,811 1,168,811
Other investments 2024 2023
£
Freehold property 1,168,811 1,168,811
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,586 1,820
Trade creditors (2,026) (2,026)
Taxation and social security costs 3,535 2,795
Other creditors 271,106 323,739
303,201 326,328
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 827,820 851,014
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 858,406 851,014
The compnay has loans with The Mortgage Works with the interest rate of 3.64% and loan balance at the end of July 2024 is £447,010 and with Shawbrook with the interest rate of 5.59% and loan balance at the end of July 24 is £411,167.52.
7 Other information
LS HOUSINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
56-58 Swanscombe Street
Swanscombe
England
DA10 0BW
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