Company Registration No. 09424244 (England and Wales)
LETO 2 LIMITED
Accounts
for the year ended 28 February 2025
LETO 2 LIMITED
Accounts
Contents
LETO 2 LIMITED
Company Information
for the year ended 28 February 2025
Director
Valeriya Tolstousova
Company Number
09424244 (England and Wales)
Registered Office
167-169 Great Portland Street
London
W1W 5PF
England
Accountants
ABN Accounting Limited
Hudson House
8 Tavistock Street
London
United Kingdom
WC2E 7PP
LETO 2 LIMITED
Statement of financial position
as at 28 February 2025
Investment property
3,970,650
3,970,650
Cash at bank and in hand
524,282
381,803
Creditors: amounts falling due within one year
(674,584)
(23,222)
Net current assets
625,490
378,920
Total assets less current liabilities
4,596,140
4,349,570
Creditors: amounts falling due after more than one year
(3,919,360)
(3,921,160)
Net assets
676,780
428,410
Called up share capital
1,000
1,000
Profit and loss account
675,780
427,410
Shareholders' funds
676,780
428,410
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2025 and were signed on its behalf by
Valeriya Tolstousova
Director
Company Registration No. 09424244
LETO 2 LIMITED
Notes to the Accounts
for the year ended 28 February 2025
LETO 2 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09424244. The registered office is 167-169 Great Portland Street, London, W1W 5PF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 March 2024
3,970,650
At 28 February 2025
3,970,650
Amounts falling due within one year
Trade debtors
775,792
20,339
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
82,790
15,729
LETO 2 LIMITED
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
3,919,360
3,921,160
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).