REGISTERED NUMBER: 12538044 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

LAP DIRECT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H R Patel

REGISTERED OFFICE:

Hamilton Office Park

31 High View Close

Leicester

Leicestershire

LE4 9LJ

REGISTERED NUMBER:

12538044 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

406

-

Investment property

5

750,000

490,563

750,406

490,563

CURRENT ASSETS

Debtors

6

468

-

Cash at bank

20,429

47,204

20,897

47,204

CREDITORS

Amounts falling due within one year

7

355,477

262,650

NET CURRENT LIABILITIES

(334,580

)

(215,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

415,826

275,117

CREDITORS

Amounts falling due after more than one year

8

-

(144,065

)

PROVISIONS FOR LIABILITIES

(64,961

)

-

NET ASSETS

350,865

131,052

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

194,578

-

Retained earnings

156,187

130,952

350,865

131,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

H R Patel - Director

1.	STATUTORY INFORMATION

LAP Direct Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The initial valuation has been carried out by a 3rd party professional valuer in 2024, with subsequent years valuation considered appropriate by the director.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

500

At 30 April 2026

500

DEPRECIATION

Charge for year

94

At 30 April 2026

94

NET BOOK VALUE

At 30 April 2026

406

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2025

490,563

Revaluations

259,437

At 30 April 2026

750,000

NET BOOK VALUE

At 30 April 2026

750,000

At 30 April 2025

490,563

Cost or valuation at 30 April 2026 is represented by:

£

Valuation in 2026

259,437

Cost

490,563

750,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

468

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

8,906

Taxation and social security

6,586

9,744

Other creditors

348,891

244,000

355,477

262,650

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

144,065

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

144,065

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

152,971

10.

RESERVES

Fair

value

reserve

£

Transfer to FV reserve

194,578

At 30 April 2026

194,578

11.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director of £343,914 (2025 - £502). Interest is charged on the loan in line with commercial borrowing rates. The loan is repayable on demand of the director.

During the year the company received rent of £60,000 (2025 - £59,167) from a previously connected party under common control. At the balance sheet date the company owed £nil (2025 - £243,253) to the connected party. The loan is interest free and repayable on demand.