Lalit Holdings Limited 14671245 false 2024-02-29 2025-02-28 2025-02-28 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true 14671245 2024-02-29 2025-02-28 14671245 2025-02-28 14671245 core:CurrentFinancialInstruments 2025-02-28 14671245 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 14671245 bus:SmallEntities 2024-02-29 2025-02-28 14671245 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 14671245 bus:FilletedAccounts 2024-02-29 2025-02-28 14671245 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 14671245 bus:RegisteredOffice 2024-02-29 2025-02-28 14671245 bus:Director1 2024-02-29 2025-02-28 14671245 bus:Director2 2024-02-29 2025-02-28 14671245 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14671245 bus:Agent1 2024-02-29 2025-02-28 14671245 countries:England 2024-02-29 2025-02-28 14671245 2023-02-17 2024-02-28 14671245 2024-02-28 14671245 core:CurrentFinancialInstruments 2024-02-28 14671245 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 iso4217:GBP xbrli:pure

Registration number: 14671245

Lalit Holdings Limited
Unaudited Filleted Abridged Financial Statements
for the Period from 29 February 2024 to 28 February 2025

Lalit Holdings Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Lalit Holdings Limited

Company Information

Directors | Mrs Sunaina Kunal Patel Mrs Deepika Sahni

Registered office | Onyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

Accountants | Onyx Accountants Limited Chartered Management AccountantsOnyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

Lalit Holdings Limited

(Registration number: 14671245)
Abridged Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property |  | 150 | -
Current assets |  |  |
Debtors |  | 30,050 | 30,050
Cash at bank and in hand |  | 8 | 38
|  | 30,058 | 30,088
Creditors: Amounts falling due within one year |  | (30,751) | (30,000)
Net current (liabilities)/assets |  | (693) | 88
Total assets less current liabilities |  | (543) | 88
Accruals and deferred income |  | (360) | (360)
Net liabilities |  | (903) | (272)
Capital and reserves |  |  |
Called up share capital |  | 150 | 150
Retained earnings |  | (1,053) | (422)
Shareholders' deficit |  | (903) | (272)

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:

......................................... Mrs Sunaina Kunal Patel Director

Lalit Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the Board on 29 July 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lalit Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).