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REGISTERED NUMBER: 12140267 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LAURISTON ESTATE LTD

LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAURISTON ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Grunhut





REGISTERED OFFICE: 9 Manor Parade
London
N16 5SG





REGISTERED NUMBER: 12140267 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 5 2,038,222 2,038,222

CURRENT ASSETS
Debtors 6 79,275 65,155
Cash at bank 9,643 1,655
88,918 66,810
CREDITORS
Amounts falling due within one year 7 (1,051,276 ) (41,590 )
NET CURRENT (LIABILITIES)/ASSETS (962,358 ) 25,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,864

2,063,442

CREDITORS
Amounts falling due after more than one
year

8

(2,669

)

(996,573

)

PROVISIONS FOR LIABILITIES (250,000 ) (250,000 )
NET ASSETS 823,195 816,869

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 750,000 750,000
Retained earnings 12 73,194 66,868
SHAREHOLDERS' FUNDS 823,195 816,869

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

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

LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 and authorised for issue by the director and authorised for issue on 13 May 2025 and were signed by:





A Grunhut - Director


LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)

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

1. STATUTORY INFORMATION

Lauriston Estate 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,038,222
NET BOOK VALUE
At 31 August 2024 2,038,222
At 31 August 2023 2,038,222

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 1,000,000
Cost 1,038,222
2,038,222

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 79,275 65,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 9) 985,550 -
Trade creditors 25,469 1,315
Taxation and social security 2,609 4,063
Other creditors 37,648 36,212
1,051,276 41,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 9) - 985,550
Other creditors 2,669 11,023
2,669 996,573

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 985,550

Other loan includes Bounceback loan of £2,669 [2023 - £11,023]. The loan is unsecured and guaranteed by HM Government.

LAURISTON ESTATE LTD (REGISTERED NUMBER: 12140267)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 985,550 -

Amounts falling due between two and five years:
Other loans - 2-5 years 2,669 11,023

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 985,550

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 985,550 985,550

Bank loan is secured by first charge over the company's investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 66,868 750,000 816,868
Profit for the year 8,326 8,326
Dividends (2,000 ) (2,000 )
At 31 August 2024 73,194 750,000 823,194

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .