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REGISTERED NUMBER: 05673622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

L&S Property Holdings Ltd

L&S Property Holdings Ltd (Registered number: 05673622)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L&S Property Holdings Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D S Thomas
C E Barton





SECRETARY: D S Thomas





REGISTERED OFFICE: 33 Cae Gwyn
Llanferres
Mold
Denbighshire
CH7 5SL





REGISTERED NUMBER: 05673622 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

L&S Property Holdings Ltd (Registered number: 05673622)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,094 250
Investment property 5 474,276 474,276
478,370 474,526

CURRENT ASSETS
Debtors 6 204,117 100,034
Cash at bank 124,225 124,951
328,342 224,985
CREDITORS
Amounts falling due within one year 7 348,593 250,253
NET CURRENT LIABILITIES (20,251 ) (25,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,119

449,258

CREDITORS
Amounts falling due after more than one year 8 (401,455 ) (401,454 )

PROVISIONS FOR LIABILITIES (962 ) (62 )
NET ASSETS 55,702 47,742

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 3,000 3,000
Retained earnings 52,602 44,642
55,702 47,742

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

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

L&S Property Holdings Ltd (Registered number: 05673622)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:




D S Thomas - Director



C E Barton - Director


L&S Property Holdings Ltd (Registered number: 05673622)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

L&S Property Holdings 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.

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 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.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

L&S Property Holdings Ltd (Registered number: 05673622)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,354
Additions 5,127
At 31 December 2024 6,481
DEPRECIATION
At 1 January 2024 1,104
Charge for year 1,283
At 31 December 2024 2,387
NET BOOK VALUE
At 31 December 2024 4,094
At 31 December 2023 250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 474,276
NET BOOK VALUE
At 31 December 2024 474,276
At 31 December 2023 474,276

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 307,432
Valuation in 2023 166,844
474,276

L&S Property Holdings Ltd (Registered number: 05673622)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 412,432 412,432

Investment property was valued on an open market basis on 31 December 2021 by the company directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 204,117 100,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 1,199 110
Other creditors 347,394 250,143
348,593 250,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 401,455 401,454

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other loans 70,000 -

The bank loans are secured by mortgage on the investment properties.

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 3,000

L&S Property Holdings Ltd (Registered number: 05673622)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
D S Thomas
Balance outstanding at start of year (113,077 ) (169,207 )
Amounts advanced 105,000 275,005
Amounts repaid (918 ) (218,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,995 ) (113,077 )

C E Barton
Balance outstanding at start of year (221,711 ) -
Amounts advanced 8,400 5,600
Amounts repaid (35,653 ) (227,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (248,964 ) (221,711 )

no formal repayment terms have been agreed.