Registered number
03393048
LASSCO (HOLDINGS) LTD
Unaudited Filleted Accounts
For the year ended
31 October 2024
LASSCO (HOLDINGS) LTD
Registered number: 03393048
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,023,083 5,765,777
Investments 4 30,200 30,200
7,053,283 5,795,977
Current assets
Debtors 5 497,212 622,924
Cash at bank and in hand 39,485 171,031
536,697 793,955
Creditors: amounts falling due within one year 6 (296,341) (323,848)
Net current assets 240,356 470,107
Total assets less current liabilities 7,293,639 6,266,084
Creditors: amounts falling due after more than one year 7 (695,563) (772,998)
Provisions for liabilities (1,512,000) (1,194,000)
Net assets 5,086,076 4,299,086
Capital and reserves
Called up share capital 11,030 11,030
Share premium 820,220 820,220
Profit and loss account 4,254,826 3,467,836
Shareholders' funds 5,086,076 4,299,086
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. J. Amos
Director
Approved by the board on 14 July 2025
LASSCO (HOLDINGS) LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents and service charges.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 10 years
Motor Vehicles over 8 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 5,729,210 100,309 27,627 5,857,146
Surplus on revaluation 1,270,790 - - 1,270,790
At 31 October 2024 7,000,000 100,309 27,627 7,127,936
Depreciation
At 1 November 2023 - 79,709 11,660 91,369
Charge for the year - 10,031 3,453 13,484
At 31 October 2024 - 89,740 15,113 104,853
Net book value
At 31 October 2024 7,000,000 10,569 12,514 7,023,083
At 31 October 2023 5,729,210 20,600 15,967 5,765,777

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 30,200
At 31 October 2024 30,200
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 42,905 89,554
Amounts owed by group undertakings and undertakings in which the company has a participating interest 233,455 292,542
Other debtors 220,852 240,828
497,212 622,924
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 66,787 54,764
Trade creditors 33,144 87,283
Taxation and social security costs 7,917 5,973
Other creditors 188,493 175,828
296,341 323,848
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 695,563 772,998
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
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