LJS (BRENTWOOD) LIMITED - Period Ending 2023-03-31
LJS (BRENTWOOD) LIMITED - Period Ending 2023-03-31
Registration number:
LJS (BRENTWOOD) LIMITED
for the Year Ended 31 March 2023
LJS (BRENTWOOD) LIMITED
Contents
Company Information |
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Directors' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
LJS (BRENTWOOD) LIMITED
Company Information
Directors |
Jamie Shaam Battu Lee Krishain Battu Samuel Arun Battu |
Registered office |
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Accountants |
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LJS (BRENTWOOD) LIMITED
Directors' Report for the Year Ended 31 March 2023
The directors present their report and the financial statements for the year ended 31 March 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a property holder.
Small companies provision statement
This report has 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.
Approved and authorised by the
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LJS (BRENTWOOD) LIMITED
Profit and Loss Account for the Year Ended 31 March 2023
Note |
2023 |
2022 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
90,468 |
37,057 |
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Profit before tax |
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|
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
LJS (BRENTWOOD) LIMITED
Statement of Comprehensive Income for the Year Ended 31 March 2023
2023 |
2022 |
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Profit for the year |
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Total comprehensive income for the year |
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LJS (BRENTWOOD) LIMITED
(Registration number: 12520487)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
3 |
3 |
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Retained earnings |
106,967 |
33,688 |
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Shareholders' funds |
106,970 |
33,691 |
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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LJS (BRENTWOOD) LIMITED
(Registration number: 12520487)
Balance Sheet as at 31 March 2023
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LJS (BRENTWOOD) LIMITED
Statement of Changes in Equity for the Year Ended 31 March 2023
Share capital |
Retained earnings |
Total |
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At 1 April 2022 |
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Profit for the year |
- |
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At 31 March 2023 |
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Share capital |
Retained earnings |
Total |
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At 1 April 2021 |
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Profit for the year |
- |
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At 31 March 2022 |
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LJS (BRENTWOOD) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
LJS (BRENTWOOD) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
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At 1 April |
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At 31 March |
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LJS (BRENTWOOD) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
There has been no valuation of investment properties by an independent valuer. The directors consider their value is at least as stated.
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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- |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
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3 |
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3 |
Loans and borrowings |
2023 |
2022 |
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Current loans and borrowings |
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Other borrowings |
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Related party transactions |
Loans from related parties
2023 |
Other related parties |
Total |
At start of period |
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Advanced |
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Repaid |
( |
( |
At end of period |
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Terms of loans from related parties
LJS (BRENTWOOD) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023