Company Registration No. 14517578 (England and Wales)
Los Endos Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Los Endos Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Los Endos Limited
Statement of financial position
As at 31 March 2025
1
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investment property
3
1,704,712
1,767,922
Current assets
Debtors
4
71,538
76,064
Cash at bank and in hand
31,849
18,875
103,387
94,939
Creditors: amounts falling due within one year
5
(1,623,814)
(1,809,855)
Net current liabilities
(1,520,427)
(1,714,916)
Net assets
184,285
53,006
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss reserves
134,285
3,006
Total equity
184,285
53,006

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 September 2025.
The Rt Hon James Edward Viscount Daventry
Director
Company Registration No. 14517578
Los Endos Limited
Notes to the financial statements
For the year ended 31 March 2025
2
1
Accounting policies
Company information

Los Endos Limited is a private company limited by shares incorporated in England and Wales. The registered office is Arbury Estate Office, Windmill Hill, Astley Lane, Nuneaton, Warwickshire, CV10 7PZ.

1.1
Reporting period

These financial statements have been made up to the 31 March 2025 for a period of 12 months. This does not match the comparative period as this was a long period of account from incorporation to 31 March 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Los Endos Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
3
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Los Endos Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Investment property
2025
£
Fair value
At 1 April 2024
1,767,922
Additions
605
Disposals
(63,815)
At 31 March 2025
1,704,712

Investment property comprises freehold land including a quarry being used for landfill. The fair value of the investment property will reduce according to the volume of the quarry which has been filled until the quarry is full, at which point the value will be equal to the green value of the site. The director has reviewed the value carried forward and believes it reflects the fair value of the asset.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
71,538
76,064
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,259
17,154
Corporation tax
21,643
22,972
Other taxation and social security
8,371
10,451
Other creditors
1,585,541
1,759,278
1,623,814
1,809,855
6
Related party transactions

During the year the company repaid £175,000 of the balance due to the director of the company, leaving an amount of £1,575,000 (2024: £1,750,000) outstanding at the year end. This balance is included in other creditors falling due within one year and is interest free and repayable on demand.

Los Endos Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
7
Prior period adjustment
Reconciliation of changes in equity
1 December
31 March
2022
2024
Notes
£
£
Adjustments to prior year
Investment property disposals
1
-
(65,163)
Equity as previously reported
-
118,169
Equity as adjusted
-
53,006
Analysis of the effect upon equity
Profit and loss reserves
-
(65,163)
Reconciliation of changes in profit for the previous financial period
2024
Notes
£
Adjustments to prior year
Investment property disposals
1
(65,163)
Profit as previously reported
68,169
Profit as adjusted
3,006
Notes to reconciliation
1. Investment property disposals

Investment property disposals have been recognised in respect of landfill owned by the entity, over which tipping rights have been granted with reference to third party valuations. Further details are disclosed within the investment property note.

The adjustment impacted the comparative P&L and therefore opening reserves by £65,163 based on the date of the valuation carried out.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2024.301 No description of principal activity The Rt Hon James Edward Viscount Daventry 14517578 2024-04-01 2025-03-31 14517578 2025-03-31 14517578 2024-03-31 14517578 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14517578 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14517578 core:CurrentFinancialInstruments 2025-03-31 14517578 core:CurrentFinancialInstruments 2024-03-31 14517578 core:ShareCapital 2025-03-31 14517578 core:ShareCapital 2024-03-31 14517578 core:RetainedEarningsAccumulatedLosses 2025-03-31 14517578 core:RetainedEarningsAccumulatedLosses 2024-03-31 14517578 bus:Director1 2024-04-01 2025-03-31 14517578 2022-12-01 2024-03-31 14517578 2024-03-31 14517578 core:WithinOneYear 2025-03-31 14517578 core:WithinOneYear 2024-03-31 14517578 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14517578 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14517578 bus:FRS102 2024-04-01 2025-03-31 14517578 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14517578 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP