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LS PROPERTY SERVICES (NW) LTD

Unaudited Financial Statements

for the Year Ended 30th June 2024






LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LS PROPERTY SERVICES (NW) LTD

Company Information
for the year ended 30th June 2024







DIRECTOR: D Gulzar





REGISTERED OFFICE: 162/164 Smithdown Road
Liverpool
L15 3JR





REGISTERED NUMBER: 08028265 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,643 5,884

CURRENT ASSETS
Debtors 5 40,111 24,403
Cash at bank 147,645 124,052
187,756 148,455
CREDITORS
Amounts falling due within one year 6 159,099 157,113
NET CURRENT ASSETS/(LIABILITIES) 28,657 (8,658 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,300 (2,774 )

CREDITORS
Amounts falling due after more than one
year

7

10,833

20,824
NET ASSETS/(LIABILITIES) 28,467 (23,598 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,466 (23,599 )
SHAREHOLDERS' FUNDS 28,467 (23,598 )

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

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

The director acknowledges his 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.

LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)

Balance Sheet - continued
30th June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd May 2025 and were signed by:





D Gulzar - Director


LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

LS Property Services (NW) 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 (£).


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.

Going concern
The financial statements have been prepared on a going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.This is based on the continuing support of the directors providing appropriate funding for the company to meets its financial obligations.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Debtors
short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from directors and related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 7,846
Additions 8,306
At 30th June 2024 16,152
DEPRECIATION
At 1st July 2023 1,962
Charge for year 3,547
At 30th June 2024 5,509
NET BOOK VALUE
At 30th June 2024 10,643
At 30th June 2023 5,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,111 24,403

LS PROPERTY SERVICES (NW) LTD (REGISTERED NUMBER: 08028265)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,924 9,924
Taxation and social security 28,687 16,932
Other creditors 120,488 130,257
159,099 157,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,833 20,824

8. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £104,255 (2023 - £113,759) owing to Your Place Limited, a company in which Mr D Gulzar is director and shareholder.

Further included in other creditors is the sum of £11,900 (2023 - £11,900) owing to MGM Estates (UK) Limited, a company in which Mr D Gulzar is directors and shareholder.