Company Registration No. 06658211 (England and Wales)
Louw and Co Property Ltd
Unaudited accounts
for the year ended 31 July 2023
Louw and Co Property Ltd
Unaudited accounts
Contents
Louw and Co Property Ltd
Company Information
for the year ended 31 July 2023
Company Number
06658211 (England and Wales)
Registered Office
72 GREAT SUFFOLK STREET
LONDON
SE1 0BL
Accountants
Helrik and Louw
72 Great Suffolk Street
London
SE1 0BL
Louw and Co Property Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
1,000,166
1,002,088
Cash at bank and in hand
2,092,980
8,981
Creditors: amounts falling due within one year
(3,771,299)
(1,597,620)
Net current liabilities
(720,878)
(706,569)
Total assets less current liabilities
279,288
295,519
Creditors: amounts falling due after more than one year
(27,209)
(38,064)
Provisions for liabilities
Deferred tax
(86,000)
(86,000)
Net assets
166,079
171,455
Called up share capital
1
1
Profit and loss account
166,078
171,454
Shareholders' funds
166,079
171,455
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 April 2024 and were signed on its behalf by
Richard Plasek
Director
Company Registration No. 06658211
Louw and Co Property Ltd
Notes to the Accounts
for the year ended 31 July 2023
Louw and Co Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 06658211. The registered office is 72 GREAT SUFFOLK STREET, LONDON, SE1 0BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
994,400
46,851
1,041,251
At 31 July 2023
994,400
46,851
1,041,251
At 1 August 2022
-
39,163
39,163
Charge for the year
-
1,922
1,922
At 31 July 2023
-
41,085
41,085
At 31 July 2023
994,400
5,766
1,000,166
At 31 July 2022
994,400
7,688
1,002,088
Amounts falling due within one year
Trade debtors
211,441
326,070
Other debtors
746,000
556,000
Louw and Co Property Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
49,249
20,406
Taxes and social security
-
(29,769)
Loans from directors
3,704,038
1,558,847
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
