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REGISTERED NUMBER: 10971745 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LCD PROPERTIES LTD

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCD PROPERTIES LTD

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: Mr David Anthony Dobson
Mrs Gillian Dobson





REGISTERED OFFICE: Dobsons Garden Machinery Ltd
35-37 Roscoe Street
Scarborough
North Yorkshire
YO12 7BX





REGISTERED NUMBER: 10971745 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 976 296
Investment property 5 690,000 590,000
690,976 590,296

CURRENT ASSETS
Debtors 6 560 477
Cash at bank 20,180 15,173
20,740 15,650
CREDITORS
Amounts falling due within one year 7 136,577 114,980
NET CURRENT LIABILITIES (115,837 ) (99,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES 575,139 490,966

CREDITORS
Amounts falling due after more than
one year

8

(377,024

)

(312,105

)

PROVISIONS FOR LIABILITIES (37,561 ) (36,746 )
NET ASSETS 160,554 142,115

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 111,950 118,875
Retained earnings 48,504 23,140
160,554 142,115

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

BALANCE SHEET - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mr David Anthony Dobson - Director


LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

LCD Properties 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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.

Turnover
Turnover represents rental income arising from investment properties and is recognised on a straight line basis over the lease term, net of VAT if applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

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

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 658
Additions 874
At 30 September 2024 1,532
DEPRECIATION
At 1 October 2023 362
Charge for year 194
At 30 September 2024 556
NET BOOK VALUE
At 30 September 2024 976
At 30 September 2023 296

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 590,000
Additions 97,493
Revaluations 2,507
At 30 September 2024 690,000
NET BOOK VALUE
At 30 September 2024 690,000
At 30 September 2023 590,000

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


5. INVESTMENT PROPERTY - continued

Investment properties included at fair value would have been included on a historical cost basis at:

2024 2023
£ £

Cost 540,733 443,240

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties were valued by the directors in the previous year at fair value taking into account existing tenancy arrangements.


During the year an increase in the fair value of investment properties of £2,507 (2023 £NIL) has been included in the profit and loss account.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 560 477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,357 2,380
Other creditors 132,220 112,600
136,577 114,980

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 377,024 312,105

Amounts falling due in more than five years:

Repayable by instalments
Bank loans falling due after more than
five years

377,024

312,105

LCD PROPERTIES LTD (REGISTERED NUMBER: 10971745)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 377,024 312,105

The company's bank borrowings included in creditors due over one year are secured by a first legal charge over the freehold investments property and a personal guarantee from the directors.

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023 118,875
Revaluation of investment property (6,925 )

At 30 September 2024 111,950

11. RELATED PARTY DISCLOSURES

The directors of the company provide a personal guarantee in relation to the bank borrowings of the company.