| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 August 2024 |
| for |
| LPG Property Services Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 August 2024 |
| for |
| LPG Property Services Limited |
| LPG Property Services Limited (Registered number: 07567832) |
| Contents of the Financial Statements |
| for the Year Ended 29 August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| LPG Property Services Limited |
| Company Information |
| for the Year Ended 29 August 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Devonshire House |
| 582 Honeypot Lane |
| Stanmore |
| Middlesex |
| London |
| HA7 1JS |
| LPG Property Services Limited (Registered number: 07567832) |
| Statement of Financial Position |
| 29 August 2024 |
| 29.8.24 | 29.8.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| 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 were approved by the Board of Directors and authorised for issue on |
| LPG Property Services Limited (Registered number: 07567832) |
| Notes to the Financial Statements |
| for the Year Ended 29 August 2024 |
| 1. | STATUTORY INFORMATION |
| LPG Property Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LPG Property Services Limited (Registered number: 07567832) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 August 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 30 August 2023 |
| Disposals | ( |
) | ( |
) |
| At 29 August 2024 |
| DEPRECIATION |
| At 30 August 2023 |
| Charge for year |
| At 29 August 2024 |
| NET BOOK VALUE |
| At 29 August 2024 |
| At 29 August 2023 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.8.24 | 29.8.23 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29.8.24 | 29.8.23 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 29.8.24 | 29.8.23 |
| £ | £ |
| Bank loans |
| The bank loan relates to amount due to Lloyds Tsb Bank Plc. |
| The company has given a debenture dated 28 May 2013 to Lloyds Tsb Bank Plc, incorporating a negative pledge, a fixed and floating charge over all the property or undertaking of the company. |
| LPG Property Services Limited (Registered number: 07567832) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 August 2024 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 30 August 2023 |
| and 29 August 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £4,000 (2023 - £4,000) were paid to the directors. |
| As at the year end date, the directors D Clements and N Gray, had a credit balance of £238,962 (2023: £259,575) on their director's current account, this is an interest free loan to the company and is shown within other creditors due within one year. |