LDVPT Fiore Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10790276 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

LDVPT FIORE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Fiore

Mrs D Fiore

REGISTERED OFFICE:

C/o A K S Advisers,

14-15 Lower Grosvenor Place

London

SW1W 0EX

REGISTERED NUMBER:

10790276 (England and Wales)

ACCOUNTANTS:

AKS Advisers

Fourth & Fifth Floors

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Tangible assets

4

1,646

3,039

Investment property

5

654,526

654,526

656,172

657,565

CURRENT ASSETS

Debtors

6

40,154

14,000

Cash at bank

29,692

31,970

69,846

45,970

CREDITORS

Amounts falling due within one year

7

219,401

208,436

NET CURRENT LIABILITIES

(149,555

)

(162,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

506,617

495,099

CREDITORS

Amounts falling due after more than one year

8

472,638

480,874

NET ASSETS

33,979

14,225

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

33,479

13,725

SHAREHOLDERS' FUNDS

33,979

14,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 January 2022 and were signed on its behalf by:

L A Fiore - Director

Mrs D Fiore - Director

1.	STATUTORY INFORMATION

Ldvpt Fiore Properties Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery etc

-

20% on cost

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.

As the investment property is shown at most recent value, there is no depreciation provided and accordingly non-depreciation is not a departure from the Companies Act to give a true and fair view.

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

and 31 May 2021

7,054

DEPRECIATION

At 1 June 2020

4,015

Charge for year

1,393

At 31 May 2021

5,408

NET BOOK VALUE

At 31 May 2021

1,646

At 31 May 2020

3,039

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2020

and 31 May 2021

654,526

NET BOOK VALUE

At 31 May 2021

654,526

At 31 May 2020

654,526

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

40,154

14,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Taxation and social security

4,960

2,575

Other creditors

214,441

205,861

219,401

208,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Other creditors

472,638

480,874

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.21

31.5.20

£

£

Mortgage advance

472,638

480,874

The bank loan, and any future bank debt, is secured by a legal charge over the assets of the company.

10.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr. L A Fiore and Mrs D Fiore.