ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company Registration Number: 10220785

L&W PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR YEAR ENDED 31 DECEMBER 2024

L&W PROPERTIES LIMITED

REGISTERED NUMBER: 10220785

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		2,939,662		2,971,790
			2,939,662		2,971,790
Current assets
Debtors: amounts falling due within one year	5	20,568		32,495
Cash at bank and in hand	6	12,646		7,715
		33,214		40,210
Creditors: amounts falling due within one year	7	(510,490)		(392,249)
Net current liabilities			(477,276)		(352,039)
Total assets less current liabilities			2,462,386		2,619,751
Creditors: amounts falling due after more than one year	8		(1,069,197)		(1,247,120)

Net assets			1,393,189		1,372,631

Capital and reserves
Called up share capital	100,000	100,000
Share premium account	952,101	952,101
Profit and loss account	341,088	320,530
	1,393,189	1,372,631

Page 1

L&W PROPERTIES LIMITED

REGISTERED NUMBER: 10220785

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Riaz Ladha

Director

Date: 29 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

L&W PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

L&W Properties Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 10220785 and the registered address is 11 Beavor Lane, London, England, W6 9AR.
The financial statements are presented in Pounds Sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue comprises rental income and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

L&W PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the Year was 3 (2023 - 3).

Page 4

L&W PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Long-term leasehold property
		£
	Cost or valuation
	At 1 January 2024	3,212,744
	At 31 December 2024	3,212,744
	Depreciation
	At 1 January 2024	240,954
	Charge for the Year on owned assets	32,127
	At 31 December 2024	273,081
	Net book value
	At 31 December 2024	2,939,663
	At 31 December 2023	2,971,790

Debtors

					2024	2023
					£	£


Trade debtors	20,568	32,495
	20,568	32,495

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	12,646	7,715
	12,646	7,715

Page 5

L&W PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	242,422	209,352
Trade creditors	14,380	12,687
Corporation tax	83,505	67,584
Other taxation and social security	4,738	7,776
Other creditors	122,500	52,500
Accruals and deferred income	42,945	42,350
	510,490	392,249

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	1,069,197	1,247,120
	1,069,197	1,247,120

Amounts falling due within one year
Bank loans	242,422	209,352
	242,422	209,352
Amounts falling due 1-2 years
Bank loans	1,069,197	1,247,120
	1,069,197	1,247,120


	1,311,619	1,456,472

10.	Related party transactions
	Included within accruals at 31 December 2024 is £40,000 (2023: £40,000) owed by L&W Properties Limited to companies under common directorship.

Page 6

L&W PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Controlling party

The company’s ultimate parent undertaking at the balance sheet date was Omni Property Group Holdco Limited, a company incorporated in England.
The ultimate controlling party is R Ladha.

Page 7