LASSCO (HOLDINGS) LTD - Filleted accounts

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