L R HOLDINGS LIMITED 9794896 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is PROPERTY INVESTMENT Digita Accounts Production Advanced 6.30.9574.0 true true 9794896 2023-10-01 2024-09-30 9794896 2024-09-30 9794896 bus:OrdinaryShareClass1 2024-09-30 9794896 core:CurrentFinancialInstruments 2024-09-30 9794896 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 9794896 core:Non-currentFinancialInstruments 2024-09-30 9794896 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 9794896 bus:SmallEntities 2023-10-01 2024-09-30 9794896 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 9794896 bus:FilletedAccounts 2023-10-01 2024-09-30 9794896 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 9794896 bus:RegisteredOffice 2023-10-01 2024-09-30 9794896 bus:Director1 2023-10-01 2024-09-30 9794896 bus:Director2 2023-10-01 2024-09-30 9794896 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 9794896 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 9794896 countries:UnitedKingdom 2023-10-01 2024-09-30 9794896 2023-09-30 9794896 2022-10-01 2023-09-30 9794896 2023-09-30 9794896 bus:OrdinaryShareClass1 2023-09-30 9794896 core:CurrentFinancialInstruments 2023-09-30 9794896 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 9794896 core:Non-currentFinancialInstruments 2023-09-30 9794896 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9794896

L R HOLDINGS LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

L R HOLDINGS LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

L R HOLDINGS LIMITED

Company Information

Directors

Mr Gareth Morgan

Mrs Julie A Morgan

Registered office

23 HICKMAN ROAD
PENARTH
CF64 2AJ

Accountants

AJM Financial Services Limited Chartered Accountants
The Maltings
East Tyndall Street
Cardiff
CF24 5EA

 

L R HOLDINGS LIMITED

(Registration number: 9794896)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

402,010

402,010

Current assets

 

Debtors

232,500

-

Cash at bank and in hand

 

22

875

 

232,522

875

Creditors: Amounts falling due within one year

5

(2,134)

(1,605)

Net current assets/(liabilities)

 

230,388

(730)

Total assets less current liabilities

 

632,398

401,280

Creditors: Amounts falling due after more than one year

5

(614,550)

(392,529)

Net assets

 

17,848

8,751

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

17,846

8,749

Shareholders' funds

 

17,848

8,751

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
Mr Gareth Morgan
Director

 

L R HOLDINGS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
23 HICKMAN ROAD
PENARTH
CF64 2AJ

These financial statements were authorised for issue by the Board on 3 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

L R HOLDINGS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

L R HOLDINGS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 October

402,010

At 30 September

402,010

There has been no valuation of investment property by an independent valuer.

 

L R HOLDINGS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,134

1,604

Other creditors

-

1

2,134

1,605

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

614,550

392,529

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

232,500

-

Other borrowings

382,050

392,529

614,550

392,529