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Registered number: 12206547
Lann Properties Ltd
Financial Statements
For The Year Ended 28 February 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12206547
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 560,000 560,000
560,000 560,000
CURRENT ASSETS
Cash at bank and in hand 7,321 8,649
7,321 8,649
Creditors: Amounts Falling Due Within One Year 5 (165,211 ) (170,128 )
NET CURRENT ASSETS (LIABILITIES) (157,890 ) (161,479 )
TOTAL ASSETS LESS CURRENT LIABILITIES 402,110 398,521
Creditors: Amounts Falling Due After More Than One Year 6 (316,025 ) (316,025 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,203 ) (22,203 )
NET ASSETS 63,882 60,293
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 94,653 94,653
Income Statement (30,773 ) (34,362 )
SHAREHOLDERS' FUNDS 63,882 60,293
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr N Gurram
Director
09/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lann Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12206547 . The registered office is 10 Radnor Road, Earley, Reading, Berkshire, RG6 7NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2024 580,000
As at 28 February 2025 580,000
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2024 20,000
As at 28 February 2025 20,000
Net Book Value
As at 28 February 2025 560,000
As at 1 March 2024 560,000
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - (2 )
Amounts owed to participating interests 140,000 140,000
Other creditors 25,211 30,130
165,211 170,128
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 316,025 316,025
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2024 22,203 22,203
Balance at 28 February 2025 22,203 22,203
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
As at 1 March 2024 94,653
As at 28 February 2025 94,653
Page 4