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Company No: 10144791 (England and Wales)

# LAV PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

LAV PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

LAV PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2025
LAV PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 750,000 |  | 669,414
|  | 750,000 |  | 669,414
Current assets |  |  |  |
Cash at bank and in hand |  | 1,855 |  | 2,162
|  | 1,855 |  | 2,162
Creditors: amounts falling due within one year | 4 | ( 518,269) |  | ( 498,208)
Net current liabilities |  | (516,414) |  | (496,046)
Total assets less current liabilities |  | 233,586 |  | 173,368
Creditors: amounts falling due after more than one year | 5 | ( 180,725) |  | ( 201,254)
Net assets/(liabilities) |  | 52,861 |  | ( 27,886)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | 52,761 |  | ( 27,986 )
Total shareholders' funds/(deficit) |  | 52,861 |  | ( 27,886)

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of LAV Properties Limited (registered number: 10144791) were approved and authorised for issue by the Board of Directors on 05 February 2026. They were signed on its behalf by:

A Cerdena De Petersen Director |

LAV PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
LAV PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

LAV Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1b Devonshire Road, Chiswick, London, W4 2EU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 669,414
Fair value movement | 80,586
As at 30 April 2025 | 750,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 669,414 |  | 669,414

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 20,000 |  | 20,000
Amounts owed to directors | 340,145 |  | 340,145
Accruals | 2,849 |  | 2,749
Deferred tax liability | 20,146 |  | 0
Other taxation and social security | 2,815 |  | 3,000
Other creditors | 132,314 |  | 132,314
| 518,269 |  | 498,208

#### 5. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 180,725 |  | 201,254

The bank loan is secured by National Westminster Bank Plc who hold a fixed and floating charge covering all the property or undertaking of the company.

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 7. Related party transactions

At the end of the year, the company owed the directors £340,145 (2024: £340,145). This amounts is interest free with no fixed date for repayment, and is included within other creditors due within one year.

#### 8. Reserves

Included within the profit and loss account are unrealised gains of £60,439 (2024: £NIL). Unrealised profits and losses arise on fair value movements of fixed asset investments and are accumulated within the profit of loss reserve net of deferred tax. Unrealised reserves are non-distributable.