Registered number
03393048
LASSCO (HOLDINGS) LTD
Unaudited Filleted Accounts
For the year ended
31 October 2025

LASSCO (HOLDINGS) LTD
Registered number: | 03393048
Balance Sheet
as at 31 October 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 7,512,446 |  |  | 7,023,083
Investments | 4 |  |  | 30,200 |  |  | 30,200
|  |  |  | 7,542,646 |  |  | 7,053,283
Current assets
Debtors | 5 |  | 429,415 |  |  | 497,212
Cash at bank and in hand |  |  | 44,672 |  |  | 39,485
|  |  | 474,087 |  |  | 536,697
Creditors: amounts falling due within one year | 6 |  | (289,657) |  |  | (296,341)
Net current assets |  |  |  | 184,430 |  |  | 240,356
Total assets less current liabilities |  |  |  | 7,727,076 |  |  | 7,293,639
Creditors: amounts falling due after more than one year | 7 |  |  | (604,246) |  |  | (695,563)
Provisions for liabilities |  |  |  | (1,637,000) |  |  | (1,512,000)
Net assets |  |  |  | 5,485,830 |  |  | 5,086,076
Capital and reserves
Called up share capital |  |  |  | 11,030 |  |  | 11,030
Share premium |  |  |  | 820,220 |  |  | 820,220
Profit and loss account |  |  |  | 4,654,580 |  |  | 4,254,826
Shareholders' funds |  |  |  | 5,485,830 |  |  | 5,086,076
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. J. Amos
Director
Approved by the board on 15 July 2026

LASSCO (HOLDINGS) LTD
Notes to the Accounts
for the year ended 31 October 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents and service charges.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | over 10 years
| Motor Vehicles | over 8 years
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Deferred taxation
| Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 November 2024 | 7,000,000 |  | 100,309 |  | 27,627 |  | 7,127,936
| Additions | - |  | 2,083 |  | - |  | 2,083
| Surplus on revaluation | 500,000 |  | - |  | - |  | 500,000
| Disposals | - |  | - |  | (22,425) |  | (22,425)
| At 31 October 2025 | 7,500,000 |  | 102,392 |  | 5,202 |  | 7,607,594
| Depreciation
| At 1 November 2024 | - |  | 89,740 |  | 15,113 |  | 104,853
| Charge for the year | - |  | 726 |  | 585 |  | 1,311
| On disposals | - |  | - |  | (11,016) |  | (11,016)
| At 31 October 2025 | - |  | 90,466 |  | 4,682 |  | 95,148
| Net book value
| At 31 October 2025 | 7,500,000 |  | 11,926 |  | 520 |  | 7,512,446
| At 31 October 2024 | 7,000,000 |  | 10,569 |  | 12,514 |  | 7,023,083
| The market value of the company's freehold properties was determined by the directors by reference to the current market prices for comparable properties, adjusted for any differences in nature, location and condition. The directors believe that the value of the freehold properties was £7,500,000 at the Balance Sheet date. The directors' claim is substantiated by a valuation in July 2025 presented by Mark Searby MRICS and Andrew Lait MRICS Registered Valuers of Eddisons. The potential Corporation Tax liability at a rate of 25% (2024 25%) on the surplus arising on the Company's Freehold Investment Properties is £1,637,000 (2024 £1,512,000).
4 | Investments
Investments in
subsidiary
undertakings
£
| Cost
| At 1 November 2024 | 30,200
| At 31 October 2025 | 30,200
| The Company's investment represents the cost of the acquisition of 100% of the Ordinary Share Capital of LASSCO Ltd a company registered in England. At 31st October 2025 the Share Capital and Reserves of LASSCO Ltd amounted to a deficit of £91,765 (2024 deficit £127,015). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO (House and Garden) Ltd a company registered in England. At 31st October 2025, the aggregate Share Capital and Reserves of LASSCO (House and Garden) Ltd. was a surplus of £172,266 (2024 £229,409). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of LASSCO Modern Salvage Ltd a company registered in England. At 31st October 2025, the aggregate Share Capital and Reserves of LASSCO Modern Salvage Ltd. was a deficit of £4,891 (2024 deficit £4,891). It also includes the cost of acquisition of 100% of the Ordinary Share Capital of Maltby Street Market Ltd a company registered in England. At 31st October 2025, the aggregate Share Capital and Reserves of Maltby Street Market Ltd was a deficit of £1,210 (2024 deficit £1,210).
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 44,288 |  | 42,905
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 174,022 |  | 233,455
| Other debtors | 211,105 |  | 220,852
|  |  |  |  |  | 429,415 |  | 497,212
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 79,052 |  | 66,787
| Trade creditors | 13,664 |  | 33,144
| Taxation and social security costs | 5,608 |  | 7,917
| Other creditors | 191,333 |  | 188,493
|  |  |  |  |  | 289,657 |  | 296,341
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 604,246 |  | 695,563
| The bank loan is secured by a fixed and floating charge on the assets of the Company.
8 | Other information
| LASSCO (HOLDINGS) LTD is a private company limited by shares and incorporated in England. Its registered office is:
| Brunswick House
| 30 Wandsworth Road
| London
| SW8 2LG

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