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Registration number: 05052686

Lasata Properties Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Lasata Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Lasata Properties Limited

Company Information

Directors | MM Metcalfe RJ Metcalfe

Company secretary | D Metcalfe

Registered office | Oak Cottage 3 Oak Bank Lindfield West Sussex RH16 1RR

Accountants | Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Lasata Properties Limited

(Registration number: 05052686)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,273 | 1,927
Investment property | 5 | 500,000 | 500,000
|  | 501,273 | 501,927
Current assets |  |  |
Debtors | 6 | 2,035 | 1,105
Cash at bank and in hand |  | 1,300 | 5,984
|  | 3,335 | 7,089
Creditors: Amounts falling due within one year | 7 | (35,924) | (25,895)
Net current liabilities |  | (32,589) | (18,806)
Total assets less current liabilities |  | 468,684 | 483,121
Creditors: Amounts falling due after more than one year | 7 | (136,384) | (137,963)
Provisions for liabilities |  | (3,913) | (3,913)
Net assets |  | 328,387 | 341,245
Capital and reserves |  |  |
Called up share capital | 11 | 2 | 2
Other reserves |  | 126,323 | 126,323
Retained earnings |  | 202,062 | 214,920
Shareholders' funds |  | 328,387 | 341,245

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Lasata Properties Limited

(Registration number: 05052686)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 14 March 2026 and signed on its behalf by:

.........................................

RJ Metcalfe

Director

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oak Cottage
3 Oak Bank
Lindfield
West Sussex
RH16 1RR

2 | 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 consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 15% reducing balance
Computer equipment | 33.33% reducing balance

Investment property

Investment property is carried at fair value. Gains are recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Borrowings

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Non-distributable reserve

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.
On disposal of investment property the aggregate fair value adjustment is transferred back to profit and loss reserves and the deferred tax provision is transferred to current tax liabilities.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 21,875 | 15,118 | 36,993
At 30 June 2025 | 21,875 | 15,118 | 36,993
Depreciation
At 1 July 2024 | 21,875 | 13,191 | 35,066
Charge for the year | - | 654 | 654
At 30 June 2025 | 21,875 | 13,845 | 35,720
Carrying amount
At 30 June 2025 | - | 1,273 | 1,273
At 30 June 2024 | - | 1,927 | 1,927

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.

5 | Investment properties

| 2025 £
At 1 July | 500,000
At 30 June | 500,000

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 206 | -
Prepayments | 806 | (1)
Other debtors | 1,023 | 1,106
| 2,035 | 1,105

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 5,026 | 5,056
Other creditors | 30,898 | 20,839
| 35,924 | 25,895

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 136,384 | 137,963

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 136,384 | 137,963

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £500.00 (2024 - £39,000.00) per ordinary share |  | 1,000 |  | 78,000

10 | Related party transactions

Loans from related parties

2024 | Subsidiary £ | Total £
At start of period | (29,337) | (29,337)
Repaid | 29,337 | 29,337
At end of period | - | -

Lasata Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

11 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2