Company Registration No. SC816031 (Scotland)
L&S Prime Properties Ltd
Unaudited accounts
for the period from 10 July 2025 to 31 July 2025
L&S Prime Properties Ltd
Unaudited accounts
Contents
L&S Prime Properties Ltd
Company Information
for the period from 10 July 2025 to 31 July 2025
Director
Maciej Zbigniew Lachowicz
Company Number
SC816031 (Scotland)
Registered Office
14 Cathkin Gate
Rutherglen
Glasgow
G73 5RW
Scotland
L&S Prime Properties Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
1,081
1,100
Investment property
179,900
179,900
Cash at bank and in hand
52,756
51,106
Creditors: amounts falling due within one year
(133,461)
(133,461)
Net current liabilities
(77,424)
(79,074)
Total assets less current liabilities
103,557
101,926
Creditors: amounts falling due after more than one year
(118,090)
(118,090)
Net liabilities
(14,533)
(16,164)
Called up share capital
10
10
Profit and loss account
(14,543)
(16,174)
Shareholders' funds
(14,533)
(16,164)
For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2026 and were signed on its behalf by
Maciej Zbigniew Lachowicz
Director
Company Registration No. SC816031
L&S Prime Properties Ltd
Notes to the Accounts
for the period from 10 July 2025 to 31 July 2025
L&S Prime Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC816031. The registered office is 14 Cathkin Gate, Rutherglen, Glasgow, G73 5RW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
L&S Prime Properties Ltd
Notes to the Accounts
for the period from 10 July 2025 to 31 July 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 10 July 2025
852
286
1,138
At 31 July 2025
852
286
1,138
Charge for the period
14
5
19
At 31 July 2025
810
271
1,081
At 9 July 2025
824
276
1,100
5
Investment property
31/07/2025
Fair value at 10 July 2025
179,900
6
Debtors
31/07/2025
09/07/2025
Amounts falling due within one year
Deferred tax asset
3,281
3,281
7
Creditors: amounts falling due within one year
31/07/2025
09/07/2025
Other creditors
1,290
1,290
Loans from directors
132,030
132,030
8
Creditors: amounts falling due after more than one year
31/07/2025
09/07/2025
Bank loans
118,090
118,090
9
Share capital
31/07/2025
09/07/2025
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Average number of employees
During the period the average number of employees was 0 (09/07/2025: 0).