| Registered number |
| For the year ended |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
|||||||
| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Investments | 4 | ||||||
| Current assets | |||||||
| Debtors | 5 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 6 | ( |
( |
||||
| Net current assets | |||||||
| Total assets less current liabilities | |||||||
| Creditors: amounts falling due after more than one year | 7 | ( |
( |
||||
| Provisions for liabilities | ( |
( |
|||||
| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Share premium | |||||||
| Profit and loss account | |||||||
| Shareholders' funds | |||||||
| A. J. Amos | |||||||
| Director | |||||||
| Approved by the board on |
|||||||
| Notes to the Accounts | ||||||||
| for the year ended |
||||||||
| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
| Tangible fixed assets | ||||||||
| Fixtures, fittings, tools and equipment | over 10 years | |||||||
| Motor Vehicles | over 8 years | |||||||
| Investments | ||||||||
| Deferred taxation | ||||||||
| 2 | Employees | 2024 | 2023 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 1 November 2023 | ||||||||
| Surplus on revaluation | - | - | ||||||
| At 31 October 2024 | ||||||||
| Depreciation | ||||||||
| At 1 November 2023 | - | |||||||
| Charge for the year | - | |||||||
| At 31 October 2024 | - | |||||||
| Net book value | ||||||||
| At 31 October 2024 | ||||||||
| At 31 October 2023 | ||||||||
| The market value of the company's freehold properties was determined by the directors by reference to the current market prices for comparable properties, adjusted for any differences in nature, location and condition. The directors believe that the value of the freehold properties was £7,000,000 at the Balance Sheet date. The directors' claim is substantiated by a draft valuation in July 2025 presented by Mark Searby MRICS Registered Valuer of Eddisons. The potential Corporation Tax liability at a rate of 25% (2023 25%) on the surplus arising on the Company's Freehold Investment Properties is £1,512,000 (2024 £1,194,000). |
||||||||
| 4 | Investments | |||||||
| Investments in | ||||||||
| subsidiary | ||||||||
| undertakings | ||||||||
| £ | ||||||||
| Cost | ||||||||
| At 1 November 2023 | ||||||||
| At 31 October 2024 | ||||||||
| The Company's investment represents the cost of the acquisition of 100% of the Ordinary Share Capital of LASSCO Ltd a company registered in England. At 31st October 2024 the Share Capital and Reserves of LASSCO Ltd amounted to a deficit of £127,015 (2023 deficit £181,129). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO (House and Garden) Ltd a company registered in England. At 31st October 2024, the aggregate Share Capital and Reserves of LASSCO (House and Garden) Ltd. was a surplus of £229,409 (2023 £94,936). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO Modern Salvage Ltd a company registered in England. At 31st October 2024, the aggregate Share Capital and Reserves of LASSCO Modern Salvage Ltd. was a deficit of £4,891 (2023 £4,891). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of Maltby Street Market Ltd a company registered in England. At 31st October 2024, the aggregate Share Capital and Reserves of Maltby Street Market Ltd was a deficit of £1,210 (2023 deficit of £1,210). |
||||||||
| 5 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade debtors | ||||||||
| Amounts owed by group undertakings and undertakings in which the company has a participating interest | ||||||||
| Other debtors | ||||||||
| 6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Bank loans and overdrafts | ||||||||
| Trade creditors | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| 7 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Bank loans | ||||||||
| The bank loan is secured by a fixed and floating charge on the assets of the Company. | ||||||||
| 8 | Other information | |||||||
| LASSCO (HOLDINGS) LTD is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
| Brunswick House | ||||||||
| 30 Wandsworth Road | ||||||||
| London | ||||||||
| SW8 2LG | ||||||||