Company Registration No. 13843028 (England and Wales)
459 LODE LANE LTD
Unaudited accounts
for the year ended 31 January 2025
459 LODE LANE LTD
Unaudited accounts
Contents
459 LODE LANE LTD
Company Information
for the year ended 31 January 2025
Directors
Abdul-Raqeeb Rauf
Arfan Rehman
Athif Younas
Company Number
13843028 (England and Wales)
Registered Office
A6 Moorfield Road
Wolverhampton
West Midlands
WV2 4QT
England
Accountants
William Klien Accountants
20-22 Wenlock Road
London
N1 7GU
459 LODE LANE LTD
Statement of financial position
as at 31 January 2025
Tangible assets
36,546
39,051
Investment property
399,000
399,000
Cash at bank and in hand
26,612
21,087
Creditors: amounts falling due within one year
(165,421)
(155,776)
Net current liabilities
(138,809)
(134,689)
Total assets less current liabilities
296,737
303,362
Creditors: amounts falling due after more than one year
(263,119)
(271,946)
Called up share capital
3
3
Profit and loss account
33,615
31,413
Shareholders' funds
33,618
31,416
For the 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by
Athif Younas
Director
Company Registration No. 13843028
459 LODE LANE LTD
Notes to the Accounts
for the year ended 31 January 2025
459 LODE LANE LTD is a private company, limited by shares, registered in England and Wales, registration number 13843028. The registered office is A6 Moorfield Road, Wolverhampton, West Midlands, WV2 4QT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
459 LODE LANE LTD
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 February 2024
399,000
At 31 January 2025
399,000
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
164,911
155,266
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
263,119
271,946
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).