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Registered number: 08862800
Lsk Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Oaksfields Accountants
AMCA
19 Oaksfield
Methley
Leeds
LS26 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08862800
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 810,000
810,000
CURRENT ASSETS
Cash at bank and in hand 5,911
5,911
Creditors: Amounts Falling Due Within One Year 5 (70,306 )
NET CURRENT ASSETS (LIABILITIES) (64,395 )
TOTAL ASSETS LESS CURRENT LIABILITIES 745,605
Creditors: Amounts Falling Due After More Than One Year 6 (487,989 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (19,999 )
NET ASSETS 237,617
CAPITAL AND RESERVES
Called up share capital 7 1
Revaluation reserve 8 90,194
Profit and Loss Account 147,422
SHAREHOLDERS' FUNDS 237,617
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Luke Holder
Director
06/10/2025
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
Lsk Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08862800 . The registered office is 22 Castleton Road, Ruislip, Middlesex, HA4 9QJ.
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 2
2.4. Taxation
There are losses brought forward of £9,791 post 2017.  Further losses in the financial year are £21,247 bring the total losses to be carried forward to use against future profits of £31,038.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2024 719,806
Revaluation 90,194
As at 31 March 2025 810,000
Net Book Value
As at 31 March 2025 810,000
As at 1 April 2024 719,806
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2025
£
Other creditors 70,306
Made up of:
Directors loan account: £67,786
Accrued expenses: £1,620
6. Creditors: Amounts Falling Due After More Than One Year
2025
£
Other creditors 487,989
7. Share Capital
2025
£
Allotted, Called up and fully paid 1
8. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 90,194
As at 31 March 2025 90,194
Page 4