ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

LAURUS PROPERTIES LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-31false2020-04-011continued to be investment.false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06148136 2020-04-01 2021-03-31 06148136 2019-04-01 2020-03-31 06148136 2021-03-31 06148136 2020-03-31 06148136 c:Director1 2020-04-01 2021-03-31 06148136 d:CurrentFinancialInstruments 2021-03-31 06148136 d:CurrentFinancialInstruments 2020-03-31 06148136 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 06148136 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 06148136 d:ShareCapital 2021-03-31 06148136 d:ShareCapital 2020-03-31 06148136 d:RetainedEarningsAccumulatedLosses 2021-03-31 06148136 d:RetainedEarningsAccumulatedLosses 2020-03-31 06148136 c:FRS102 2020-04-01 2021-03-31 06148136 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 06148136 c:FullAccounts 2020-04-01 2021-03-31 06148136 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 06148136










LAURUS PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021
 
LAURUS PROPERTIES LIMITED
REGISTERED NUMBER: 06148136

BALANCE SHEET
AS AT 31 MARCH 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1
1

Cash at bank and in hand
 5 
22,917
23,809

  
22,918
23,810

Creditors: amounts falling due within one year
 6 
(46,402)
(45,411)

Net current liabilities
  
 
 
(23,484)
 
 
(21,601)

Total assets less current liabilities
  
(23,484)
(21,601)

  

Net liabilities
  
(23,484)
(21,601)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(23,485)
(21,602)

  
(23,484)
(21,601)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A Schild
Director
Date: 16 November 2021

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
LAURUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

Laurus Properties Limited is a private limited company limited by share capital, incorporated in England and Wales, registration number 06148136. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the director has given an assurance to enable the company to meet its liabilities as they fall due. 

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 2
 
LAURUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

4.


Debtors

2021
2020
£
£


Called up share capital not paid
1
1



5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
22,917
23,809



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,745
463

Other creditors
43,400
43,753

Accruals and deferred income
1,257
1,195

46,402
45,411



7.


Related party transactions

Included in other creditors is £43,400 (2020: £43,753) due to A Schild, a director of the company. This amount is unsecured and interest free. 

 
Page 3