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REGISTERED NUMBER: 12625273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

L S FUTURES LIMITED

L S FUTURES LIMITED (REGISTERED NUMBER: 12625273)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L S FUTURES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2025







DIRECTORS: L D Beard
Mrs S Beard





REGISTERED OFFICE: Wards Court
203 Ecclesall Road
Sheffield
S11 8HW





REGISTERED NUMBER: 12625273 (England and Wales)

L S FUTURES LIMITED (REGISTERED NUMBER: 12625273)

BALANCE SHEET
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 690,281 676,506

CURRENT ASSETS
Cash at bank 32,352 2,196

CREDITORS
Amounts falling due within one year 5 124,016 118,713
NET CURRENT LIABILITIES (91,664 ) (116,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,617

559,989

CREDITORS
Amounts falling due after more than one
year

6

(533,397

)

(511,613

)

PROVISIONS FOR LIABILITIES (16,305 ) (12,093 )
NET ASSETS 48,915 36,283

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 51,269 40,938
Retained earnings (2,356 ) (4,657 )
48,915 36,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 FUTURES LIMITED (REGISTERED NUMBER: 12625273)

BALANCE SHEET - continued
31 May 2025


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 18 July 2025 and were signed on its behalf by:





L D Beard - Director


L S FUTURES LIMITED (REGISTERED NUMBER: 12625273)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

L S Futures Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

L S FUTURES LIMITED (REGISTERED NUMBER: 12625273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024 676,506
Revaluations 13,775
At 31 May 2025 690,281
NET BOOK VALUE
At 31 May 2025 690,281
At 31 May 2024 676,506

Fair value at 31 May 2025 is represented by:
£   
Valuation in 2023 54,584
Valuation in 2025 13,775
Cost 621,922
690,281

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

31.5.25 31.5.24
£    £   
Cost 621,922 621,922

Investment property was valued on an open market basis on 31 May 2025 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade creditors 4,300 -
Other creditors 119,716 118,713
124,016 118,713

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans 533,397 511,613

L S FUTURES LIMITED (REGISTERED NUMBER: 12625273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2025

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.25 31.5.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 533,397 511,613

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.25 31.5.24
£    £   
Bank loans 533,397 511,613

8. RESERVES
Fair
value
reserve
£   
At 1 June 2024 40,938
Fair value reval'ns unrealised 10,331

At 31 May 2025 51,269