LAUREL STREET PROPERTIES LTD - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11604284 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 October 2023

for

LAUREL STREET PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J L Burton

S Mobey

REGISTERED OFFICE:

Ousel Nest Cottage

Grange Road

Bromley Cross

Bolton

Lancashire

BL7 9AX

REGISTERED NUMBER:

11604284 (England and Wales)

ACCOUNTANTS:

Mosley & Co

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

FIXED ASSETS

Tangible assets

4

8,384

7,691

Investment property

5

298,176

250,138

306,560

257,829

CURRENT ASSETS

Cash at bank

1,641

1,257

CREDITORS

Amounts falling due within one year

6

303,304

256,064

NET CURRENT LIABILITIES

(301,663

)

(254,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,897

3,022

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

4,887

3,012

4,897

3,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 February 2024 and were signed on its behalf by:

Ms J L Burton - Director

S Mobey - Director

1.	STATUTORY INFORMATION

LAUREL STREET PROPERTIES LTD 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.

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

-

25% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2022

8,347

Additions

1,285

At 31 October 2023

9,632

DEPRECIATION

At 1 November 2022

656

Charge for year

592

At 31 October 2023

1,248

NET BOOK VALUE

At 31 October 2023

8,384

At 31 October 2022

7,691

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2022

250,138

Additions

48,038

At 31 October 2023

298,176

NET BOOK VALUE

At 31 October 2023

298,176

At 31 October 2022

250,138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade creditors

1

1

Taxation and social security

226

108

Other creditors

303,077

255,955

303,304

256,064