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REGISTERED NUMBER: 09142615 (England and Wales)



















LARENTIA LAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,080,000 1,080,000

CURRENT ASSETS
Debtors 5 294,694 280,223
Cash at bank 4,680 74,977
299,374 355,200
CREDITORS
Amounts falling due within one year 6 245,118 200,962
NET CURRENT ASSETS 54,256 154,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,134,256

1,234,238

CREDITORS
Amounts falling due after more than one
year

7

(1,002,751

)

(1,103,367

)

PROVISIONS FOR LIABILITIES (24,924 ) (24,924 )
NET ASSETS 106,581 105,947

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 90,941 90,941
Retained earnings 15,540 14,906
SHAREHOLDERS' FUNDS 106,581 105,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




S Khangura - Director



L S Sohal - Director


LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

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

1. STATUTORY INFORMATION

Larentia Land Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09142615

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover represents rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,080,000
NET BOOK VALUE
At 31 July 2024 1,080,000
At 31 July 2023 1,080,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 114,193
Valuation in 2023 1,672
Cost 964,135
1,080,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 964,134 964,134

The investment properties were valued on an open market basis on 31 July 2024 by the directors .

LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,674 3,703
Other debtors 291,020 276,520
294,694 280,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,136 54,108
Trade creditors 2,757 1,328
Taxation and social security 6,059 5,360
Other creditors 175,166 140,166
245,118 200,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 475,117 539,233
Other creditors 527,634 564,134
1,002,751 1,103,367

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more 5 yr 307,183 363,445

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 536,253 593,341

LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

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

9. RELATED PARTY DISCLOSURES

Larentia Capital Limited
A company the directors have significant influence.

Rent of £85,000 (2023: £85,000) was charged to Larentia Capital Limited.

Amount due to related party at the balance sheet date £454,387 (2023: £511,387).

No interest is payable on the loan and there are no repayment terms.


SRK Group Limited
A company the directors have significant influence.

Amount due from related party at the balance sheet date £146,000 (2023: £131,500).

No interest is payable on the loan and there are no repayment terms.


AAA Commercial Limited
A company the directors have significant influence.

Recharges of £20,000 (2023: £25,000) were charged to AAA Commercial Limited.

Amount due to related party at the balance sheet date £72,746 (2023: £52,746).

No interest is payable on the loan and there are no repayment terms.


ACCA Group Limited
A company in which Mr L S Sohal is a director and shareholder.

Amount due from related party at the balance sheet date £72,510 (2023: £72,510).

No interest is payable on the loan and there are no repayment terms.


Forctis Capital Limited
A company in which Mr S Khangura is a director and shareholder.

Amount due from related party at the balance sheet date £72,510 (2023: £72,510).

No interest is payable on the loan and there are no repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LARENTIA LAND LIMITED (REGISTERED NUMBER: 09142615)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Larentia Land Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Larentia Land Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Larentia Land Limited and state those matters that we have agreed to state to the Board of Directors of Larentia Land Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Larentia Land Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Larentia Land Limited. You consider that Larentia Land Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Larentia Land Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


20 May 2025