Registration number: 15443186

Luto Developments Ltd

(Registration number: 15443186)

Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	3	181,683	103,749
Current assets
Debtors	4	887	957
Cash at bank and in hand		181	19,626
		1,068	20,583
Creditors: Amounts falling due within one year	5	(131,852)	(51,337)
Net current liabilities		(130,784)	(30,754)
Total assets less current liabilities		50,899	72,995
Creditors: Amounts falling due after more than one year	5	(52,542)	(72,646)
Net (liabilities)/assets		(1,643)	349
Capital and reserves
Called up share capital		2	2
Retained earnings		(1,645)	347
Shareholders' (deficit)/funds		(1,643)	349

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.

Directors' responsibilities:

•	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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 27 October 2026 and signed on its behalf by:
 

......................................... T P Battley Director

Luto Developments Ltd

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

1	Accounting policies

Statutory information

Luto Developments Ltd is a private company, limited by shares, domiciled in England and Wales, company number 15443186. The registered office is at 49 Langdale Drive, Tickhill, Doncaster, DN11 9UX.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been 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 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and
accounts.

Revenue recognition

Revenue represents the value of rent receivable in respect of the company's properties.

Tax

The tax expense for the period comprises current 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 income 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Luto Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

1	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2	Staff numbers

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

3	Investment properties

	2026 £
At 1 February	103,749
Additions	77,934
At 31 January	181,683

There has been no valuation of investment property by an independent valuer. The directors believe the value shown in the financial statements represents the fair vale.

4

Debtors

	2026 £	2025 £
Prepayments	-	149
Other debtors	887	808
	887	957

Luto Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Loans and borrowings	72,646	-
Taxation and social security	-	81
Accruals and deferred income	1,260	1,200
Other creditors	57,946	50,056
	131,852	51,337

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Loans and borrowings	52,542	72,646

 

Loans and borrowings are secured by a legal charge over the company's investment property.