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Registration number: 11766065

Lato Properties Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 January 2025

Lato Properties Ltd

Contents

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

Lato Properties Ltd

(Registration number: 11766065)
Abridged Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 9,331 | 11,854
Investment property |  | 214,327 | 330,327
|  | 223,658 | 342,181
Current assets |  |  |
Debtors |  | 110 | 110
Cash at bank and in hand |  | 152 | 6,889
|  | 262 | 6,999
Creditors: Amounts falling due within one year | 5 | (55,879) | (87,297)
Net current liabilities |  | (55,617) | (80,298)
Total assets less current liabilities |  | 168,041 | 261,883
Creditors: Amounts falling due after more than one year | 6 | (143,049) | (238,721)
Provisions for liabilities |  | (2,911) | (5,931)
Net assets |  | 22,081 | 17,231
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Other reserves |  | 4,853 | 16,780
Profit and loss account |  | 17,226 | 449
Total equity |  | 22,081 | 17,231

Lato Properties Ltd

(Registration number: 11766065)
Abridged Balance Sheet as at 31 January 2025

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

| The members have not required the company to obtain an audit of its accounts for the year 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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

Approved and authorised by the Board on 22 October 2025 and signed on its behalf by:

Mrs J L Lato

Director

Mr M R Lato

Director

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1 | General information

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

The address of its registered office is:
11 Sewel Court
Crook
Co. Durham
DL15 9GN

These financial statements were authorised for issue by the Board on 22 October 2025.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Revenue comprises of the income received or receivable from rent in ordinary course of the company's activity.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% Straight line
Fixtures & fittings | 25% Straight line

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Investment property

Investment property is carried at fair value. Gains and losses are recognised in the profit and loss accoount. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3 | Staff numbers

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

4 | Tangible assets

| Total £
Cost or valuation
At 1 February 2024 | 22,795
Additions | 3,003
At 31 January 2025 | 25,798
Depreciation
At 1 February 2024 | 10,941
Charge for the year | 5,526
At 31 January 2025 | 16,467
Carrying amount
At 31 January 2025 | 9,331
At 31 January 2024 | 11,854

Investment properties

| 2025 £
At 1 February | 330,327
Disposals | (119,000)
Fair value adjustments | 3,000
At 31 January | 214,327

There has been no valuation of investment property by an independent valuer.

5 | Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,800 (2024 - £10,000).

6 | Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £143,049 (2024 - £238,720).