Lapora Lettings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13807342 (England and Wales)

Unaudited Financial Statements

for the Period 17 December 2021 to 31 December 2022

for

Lapora Lettings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Cole

REGISTERED OFFICE:

9 St George's Yard

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

13807342 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Investment property

4

976,782

CURRENT ASSETS

Debtors

5

7,092

Cash at bank

579,386

586,478

CREDITORS

Amounts falling due within one year

6

4,772

NET CURRENT ASSETS

581,706

TOTAL ASSETS LESS CURRENT LIABILITIES

1,558,488

CREDITORS

Amounts falling due after more than one year

7

(1,519,231

)

PROVISIONS FOR LIABILITIES

(7,479

)

NET ASSETS

31,778

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

34,650

Retained earnings

(2,972

)

31,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 28 February 2023 and were signed by:

P Cole - Director

1.	STATUTORY INFORMATION

Lapora Lettings 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 as modified by the revaluation of certain assets.

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.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

934,653

Revaluations

42,129

At 31 December 2022

976,782

NET BOOK VALUE

At 31 December 2022

976,782

Fair value at 31 December 2022 is represented by:

£

Valuation in 2022

42,129

Cost

934,653

976,782

If investment property had not been revalued it would have been included at the following historical cost:

£

Cost

934,653

Investment property was valued on an open market basis on 31 December 2022 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

7,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

840

Other creditors

3,932

4,772

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

656,251

Other creditors

862,980

1,519,231

Amounts falling due in more than five years:

Repayable by instalments

Banks loans more than 5 yr

656,251

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

656,251

Bank loans are secured by charges over the investment properties owned by the company.

9.	RELATED PARTY DISCLOSURES

Included within other creditors due after more than one year is £862,980, due to the director.