REGISTERED NUMBER: 02531151 (England and Wales)

Lorenzo Limited

Unaudited Financial Statements

for the Period 1 October 2024 to 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Aggarwal

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

REGISTERED NUMBER:

02531151 (England and Wales)

FIXED ASSETS

Investment property

4

1,600,000

1,600,000

CURRENT ASSETS

Debtors

5

5,568

154,168

Cash at bank

417,124

235,557

422,692

389,725

CREDITORS

Amounts falling due within one year

6

74,325

67,612

NET CURRENT ASSETS

348,367

322,113

TOTAL ASSETS LESS CURRENT LIABILITIES

1,948,367

1,922,113

PROVISIONS FOR LIABILITIES

213,323

213,277

NET ASSETS

1,735,044

1,708,836

CAPITAL AND RESERVES

Called up share capital

48,000

48,000

Fair value reserve

847,215

899,674

Retained earnings

839,829

761,162

SHAREHOLDERS' FUNDS

1,735,044

1,708,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 December 2025 and were signed by:

A Aggarwal - Director

1.	STATUTORY INFORMATION

Lorenzo Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Income recognition

Turnover represents rents receivable.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 31 December 2024

1,600,000

NET BOOK VALUE

At 31 December 2024

1,600,000

At 30 September 2024

1,600,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,600,000

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Other debtors

5,568

154,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Taxation and social security

12,322

8,758

Other creditors

62,003

58,854

74,325

67,612

7.	POST BALANCE SHEET EVENTS

Additional provision in respect of previous years will be required:

Accountant and bookkeeping £18,000; Agents charges £83,128 and Director's fees £133,500.