| Laus Deo Limited |
| Registered number: |
05420869 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
828,750 |
|
|
775,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
52 |
|
|
68 |
|
| Creditors: amounts falling due within one year |
4 |
|
(141,363) |
|
|
(129,615) |
|
| Net current liabilities |
|
|
|
(141,311) |
|
|
(129,547) |
|
| Total assets less current liabilities |
|
|
|
687,439 |
|
|
645,453 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(207,392) |
|
|
(223,336) |
|
| Provisions for liabilities |
|
|
|
(38,435) |
|
|
(28,222) |
|
|
| Net assets |
|
|
|
441,612 |
|
|
393,895 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
60,000 |
|
|
60,000 |
| Non-distributable reserve |
7 |
|
|
355,162 |
|
|
311,625 |
| Profit and loss account |
|
|
|
26,450 |
|
|
22,270 |
|
| Shareholders' funds |
|
|
|
441,612 |
|
|
393,895 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| Kwabena Date-Bah |
| Director |
| Approved by the board on 18 November 2025 |
|
| Laus Deo Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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). Amounts are stated in Sterling. |
|
|
Turnover |
|
Turnover represents rent receivable. |
|
|
Investments |
|
Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account. |
|
|
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 the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Fair value |
|
At 1 April 2024 |
775,000 |
|
Revaluation |
53,750 |
|
|
At 31 March 2025 |
828,750 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
435,153 |
|
At 31 March 2025 |
435,153 |
|
|
|
|
|
|
|
|
|
|
Investment properties were valued on an open market basis on 31 March 2025 by the directors with reference to estate agent valuations obtained for each property. |
| £ |
|
Fair value represented by: |
|
Cost |
435,153 |
|
Valuation in 2012 |
19,847 |
|
Valuation in 2013 |
(5,000) |
|
Valuation in 2014 |
50,000 |
|
Valuation in 2015 |
85,000 |
|
Valuation in 2016 |
100,000 |
|
Valuation in 2017 |
40,000 |
|
Valuation in 2018 |
30,000 |
|
Valuation in 2019 |
15,000 |
|
Valuation in 2020 |
(10,000) |
|
Valuation in 2021 |
(15,000) |
|
Valuation in 2022 |
90,000 |
|
Valuation in 2023 |
(67,500) |
|
Valuation in 2024 |
7,500 |
|
Valuation in 2025 |
53,750 |
|
|
|
|
|
|
|
|
828,750 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
21,098 |
|
20,618 |
|
Taxation and social security costs |
1,037 |
|
1,416 |
|
Other creditors |
119,228 |
|
107,581 |
|
|
|
|
|
|
141,363 |
|
129,615 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
207,392 |
|
223,336 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
135,576 |
|
155,407 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
218,954 |
|
233,822 |
|
|
|
|
|
|
|
|
|
|
Security has been provided by way of a mortgage deed over the company's assets. |
|
|
| 7 |
Non-distributable reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
311,625 |
|
292,725 |
|
Transfer (to)/from the profit and loss reserve |
43,537 |
|
18,900 |
|
|
At 31 March 2025 |
355,162 |
|
311,625 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
During the year a director provided loans of £10,876 (2024 - £13,688) in aggregate to the company and incurred expenses on behalf of the company amounting to £1,073 (2024 - £798). During the year, amounts of £479 (2024 - £1,307) in aggregate were repaid by the company. The total due to the director from the company at the balance sheet date was £75,283 (2024 - £63,781). The loans are unsecured, interest free and repayable on demand.
A parent of a director was owed £37,303 (2024 - £37,303) by the company at the balance sheet date. The loan is unsecured, interest free and repayable on demand. |
|
|
| 9 |
Other information |
|
|
Laus Deo Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 Bunyan Road |
|
Biggleswade |
|
Bedfordshire |
|
SG18 8QQ |