Registration number:
LC & TL Property Ltd
for the Period from 1 September 2024 to 31 March 2025
LC & TL Property Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
LC & TL Property Ltd
Company Information
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Directors |
Lewis Cooper Thomas Lenton |
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Registered office |
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Accountants |
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LC & TL Property Ltd
(Registration number: 14312227)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
34,605 |
- |
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Retained earnings |
(1,424) |
(3,214) |
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Shareholders' funds/(deficit) |
33,281 |
(3,114) |
For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
LC & TL Property Ltd
(Registration number: 14312227)
Balance Sheet as at 31 March 2025
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LC & TL Property Ltd
Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These 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
Turnover comprises the fair value of the rents receivable in the ordinary course of the company’s activities.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
LC & TL Property Ltd
Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Investment properties |
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2025 |
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At 1 September |
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Additions |
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Fair value adjustments |
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At 31 March |
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The properties were valued based upon independent evidence as at 31 March 2025 and the surplus recognised in the profit and loss account.
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Debtors |
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2025 |
2024 |
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Prepayments |
- |
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- |
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LC & TL Property Ltd
Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Creditors include interest only mortgages which are secured of £314,453 (2024 - £146,926).
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
LC & TL Property Ltd
Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 September 2024 |
Repayments by director |
At 31 March 2025 |
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Thomas Lenton |
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Directors loan account |
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Lewis Cooper |
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Directors loan account |
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2024 |
At 1 September 2023 |
At 31 August 2024 |
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Thomas Lenton |
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Directors loan account |
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Lewis Cooper |
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Directors loan account |
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