| LTN 888 Limited |
| Registered number: |
11386221 |
| Balance Sheet |
| as at 31 May 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investment properties |
3 |
|
|
245,000 |
|
|
47,631 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
1,000 |
| Cash at bank and in hand |
|
|
7,551 |
|
|
18,874 |
|
|
|
7,551 |
|
|
19,874 |
|
| Creditors: amounts falling due within one year |
5 |
|
(900) |
|
|
(900) |
|
| Net current assets |
|
|
|
6,651 |
|
|
18,974 |
|
| Total assets less current liabilities |
|
|
|
251,651 |
|
|
66,605 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(177,295) |
|
|
(69,803) |
|
|
|
| Net assets/(liabilities) |
|
|
|
74,356 |
|
|
(3,198) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Revaluation reserve |
7 |
|
|
80,304 |
|
|
- |
| Profit and loss account |
|
|
|
(5,949) |
|
|
(3,199) |
|
| Shareholder's funds |
|
|
|
74,356 |
|
|
(3,198) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Mr Long Nguyen |
| Director |
| Approved by the board on 3 August 2026 |
|
| LTN 888 Limited |
| Notes to the Accounts |
| for the year ended 31 May 2026 |
|
|
| 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 represents the fair value of the rent received or receivable measured on an accrual basis and in accordance with the substance of the relevant tenancy agreements. |
|
|
Investment properties |
|
Investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided; changes in fair value are recognised in the profit and loss accounts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where no deferred tax is provided. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of person employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment properties |
|
| Land abd |
| building |
| £ |
|
Cost |
|
At 1 June 2025 |
47,631 |
|
Additions |
117,065 |
|
Revaluation |
80,304 |
|
|
At 31 May 2026 |
245,000 |
|
|
The freehold investment properties held at 31 May 2026 are stated at directors' assessment of fair |
|
value on the basis of open market values given a willing buyer and willing seller. |
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
- |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
900 |
|
900 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Mortgage (secured) |
167,294 |
|
69,803 |
|
Director's loan |
10,001 |
|
- |
|
|
|
|
|
|
177,295 |
|
69,803 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
80,304 |
|
- |
|
|
At 31 May 2026 |
80,304 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
LTN 888 Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
11 Glas Y Gors |
|
Aberdare |
|
Wales |
|
CF44 0BQ |
|
| 9 |
Ultimate controlling party |
|
|
The company is controlled by the sole director by virtue of his 100% shareholding in the issued |
|
share capital of the company. |