REGISTERED NUMBER: 14247905 (England and Wales)

L&T PROPERTY RENTALS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Hackett

Miss L Jones

REGISTERED OFFICE:

Sterling House

Fulbourne Road

London

E17 4EE

REGISTERED NUMBER:

14247905 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

1,073

1,011

Investment property

5

10,875,874

10,875,874

10,876,947

10,876,885

CURRENT ASSETS

Debtors

6

38,506

51,178

Cash at bank and in hand

18,913

35,476

57,419

86,654

CREDITORS

Amounts falling due within one year

7

178,937

151,792

NET CURRENT LIABILITIES

(121,518

)

(65,138

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,755,429

10,811,747

CREDITORS

Amounts falling due after more than one year

8

2,388,067

2,491,819

NET ASSETS

8,367,362

8,319,928

CAPITAL AND RESERVES

Called up share capital

11

8,319,620

8,319,620

Retained earnings

12

47,742

308

SHAREHOLDERS' FUNDS

8,367,362

8,319,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Miss L Jones - Director

1.	STATUTORY INFORMATION

L&T Property Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2024

1,323

218

1,541

Additions

-

360

360

At 31 July 2025

1,323

578

1,901

DEPRECIATION

At 1 August 2024

441

89

530

Charge for year

176

122

298

At 31 July 2025

617

211

828

NET BOOK VALUE

At 31 July 2025

706

367

1,073

At 31 July 2024

882

129

1,011

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

10,875,874

NET BOOK VALUE

At 31 July 2025

10,875,874

At 31 July 2024

10,875,874

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

7,411

8,999

Other debtors

4,901

5,112

Directors' loan accounts

-

13,925

Prepayments and accrued income

26,194

23,142

38,506

51,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 9)

14,772

17,916

Other loans (see note 9)

106,638

106,638

Trade creditors

7,472

4,580

Corporation tax

34,404

9,146

Rent deposit held

4,901

5,112

Directors' loan accounts

2,350

-

Accrued expenses

8,400

8,400

178,937

151,792

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans (see note 9)

1,215,054

1,212,168

Other loans (see note 9)

1,173,013

1,279,651

2,388,067

2,491,819

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more than 5 years

1,173,013

1,279,651

Repayable by instalments

Bank loans more than 5 years

1,155,990

1,140,504

9.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank loans

14,772

17,916

Other loans

106,638

106,638

121,410

124,554

Amounts falling due between one and two years:

Bank loans - 1-2 years

14,772

17,916

Amounts falling due between two and five years:

Bank loans - 2-5 years

44,292

53,748

31.7.25

31.7.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more than 5 years

1,173,013

1,279,651

Repayable by instalments

Bank loans more than 5 years

1,155,990

1,140,504

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

1,229,826

1,230,084

The bank loans are secured by fixed and floating charges over the company's assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

8,319,620

Ordinary

£1

8,319,620

8,319,620

12.

RESERVES

Retained

earnings

£

At 1 August 2024

308

Profit for the year

109,332

Dividends

(61,898

)

At 31 July 2025

47,742

13.	ULTIMATE CONTROLLING PARTY

The director and shareholder Miss L Jones, controls the company as a result of holding 80 per cent of the issued ordinary share capital of the company.