REGISTERED NUMBER: 09919632 (England and Wales)

THE LAURELS PROPERTY HOLDING COMPANY

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Fedarb

Mrs C Jeremiah

REGISTERED OFFICE:

Unit 4 Heron Road

Rumney

United Kingdom

Cardiff

CF3 3JE

REGISTERED NUMBER:

09919632 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Investment property

4

1,236,000

1,236,000

CURRENT ASSETS

Debtors

5

4,640

4,378

Cash at bank

7,585

52,899

12,225

57,277

CREDITORS

Amounts falling due within one year

6

211,493

98,677

NET CURRENT LIABILITIES

(199,268

)

(41,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,036,732

1,194,600

CREDITORS

Amounts falling due after more than one year

7

(37,166

)

(240,346

)

PROVISIONS FOR LIABILITIES

(75,000

)

(75,000

)

NET ASSETS

924,566

879,254

CAPITAL AND RESERVES

Called up share capital

8

1

1

Fair value reserve

9

225,000

225,000

Retained earnings

699,565

654,253

SHAREHOLDERS' FUNDS

924,566

879,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

Mrs S Fedarb - Director

1.	STATUTORY INFORMATION

The Laurels Property Holding Company 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.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

1,236,000

NET BOOK VALUE

At 31st December 2024

1,236,000

At 31st December 2023

1,236,000

The directors consider £1,236,000 to be the fair value of the investment property at the balance sheet date. A valuation was carried out at 22 May 2019 by Knight Frank. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31st December 2024 is represented by:

£

Valuation in 2019

300,000

Cost

936,000

1,236,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

960

120

Other debtors

3,680

4,258

4,640

4,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,629

44,775

Trade creditors

1,191

5,659

Taxation and social security

17,793

27,078

Other creditors

186,880

21,165

211,493

98,677

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,666

210,346

Other creditors

34,500

30,000

37,166

240,346

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yrs

-

73,227

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£0.01

1

1

9.

RESERVES

Fair

value

reserve

£

At 1st January 2024

and 31st December 2024

225,000

10.	RELATED PARTY DISCLOSURES

The company received £120,000 (2022: £120,000) during the year, for rentals due under the terms of an operating lease with Finest Brands International Limited, a company which sells clothing, footwear and accessories. The director Mrs S Fedarb is also a director of Finest Brands International Limited.