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Registration number: 11766065

Lato Properties Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 January 2026

Lato Properties Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 6

Lato Properties Ltd

(Registration number: 11766065)
Abridged Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 4,360 | 9,331
Investment property | 5 | 217,000 | 214,327
|  | 221,360 | 223,658
Current assets |  |  |
Debtors |  | 19,810 | 110
Cash at bank and in hand |  | 580 | 152
|  | 20,390 | 262
Creditors: Amounts falling due within one year | 6 | (83,957) | (55,879)
Net current liabilities |  | (63,567) | (55,617)
Total assets less current liabilities |  | 157,793 | 168,041
Creditors: Amounts falling due after more than one year | 6 | (138,937) | (143,049)
Provisions for liabilities |  | (2,012) | (2,911)
Net assets |  | 16,844 | 22,081
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Other reserves |  | 7,018 | 4,853
Profit and loss account |  | 9,824 | 17,226
Total equity |  | 16,844 | 22,081

Lato Properties Ltd

(Registration number: 11766065)
Abridged Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 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 of its accounts for the year in question in accordance with section 476; and
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:

Mrs J L Lato

Director

Mr M R Lato

Director

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Sewel Court
Crook
Co. Durham
DL15 9GN

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 August 2025, £70,127 is owed to the directors. The directors have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.
The directors have considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Revenue comprises of the income received or receivable from rent in ordinary course of the company's activity.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% Straight line
Fixtures & fittings | 25% Straight line

Investment property

Investment property is carried at fair value. Gains and losses are recognised in the profit and loss accoount. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4 | Tangible assets

| Total £
Cost or valuation
At 1 February 2025 | 25,798
Additions | 432
At 31 January 2026 | 26,230
Depreciation
At 1 February 2025 | 16,467
Charge for the year | 5,403
At 31 January 2026 | 21,870
Carrying amount
At 31 January 2026 | 4,360
At 31 January 2025 | 9,331

5 | Investment properties

| 2026 £
At 1 February 2025 | 214,327
Fair value adjustments | 2,673
At 31 January 2026 | 217,000

The fair value has been reached by looking at the market price of the properties as of the balance sheet date on a webiste that shows house prices nationwide.

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2026

There has been no valuation of investment property by an independent valuer.

Lato Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2026

6 | Creditors

Bank borrowings

Bank loans have a carrying amount at year end of £150,263 (2025 - £217,597). Secured by way of fixed charge, floating charge, and negative pledge over the company's assets.

Due after more than five years

Included in the loans and borrowings are the following amounts due after more than five years:

| 2026 £ | 2025 £
After more than five years by instalments | 93,613 | 99,847