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REGISTERED NUMBER: 11169713 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

LEMA HOMES LIMITED

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEMA HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: A Lascelles
Mrs M Lascelles





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 11169713 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,050 156,050

CURRENT ASSETS
Stocks 440,617 660,925
Debtors 5 355 3,808
Cash at bank 156,596 441
597,568 665,174
CREDITORS
Amounts falling due within one year 6 356,197 441,818
NET CURRENT ASSETS 241,371 223,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,421

379,406

CREDITORS
Amounts falling due after more than one
year

7

472,270

456,900
NET LIABILITIES (74,849 ) (77,494 )

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 (75,049 ) (77,694 )
SHAREHOLDERS' FUNDS (74,849 ) (77,494 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

BALANCE SHEET - continued
31 JANUARY 2022


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 24 March 2022 and were signed on its behalf by:





A Lascelles - Director


LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Lema Homes 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.

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.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 February 2021
and 31 January 2022 156,050 533 156,583
DEPRECIATION
At 1 February 2021
and 31 January 2022 - 533 533
NET BOOK VALUE
At 31 January 2022 156,050 - 156,050
At 31 January 2021 156,050 - 156,050

Included in cost of land and buildings is freehold land of £ 156,050 (2021 - £ 156,050 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
VAT 355 3,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 8) 6,587 878
Trade creditors 62 -
Directors' current accounts 348,297 439,740
Accrued expenses 1,251 1,200
356,197 441,818

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans (see note 8) 19,413 29,121
Other loans (see note 8) 452,857 427,779
472,270 456,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,915
Other loans more 5yrs instal 452,857 427,779
452,857 434,694

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,587 878

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,761 5,345

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,652 16,861

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,915
Other loans more 5yrs instal 452,857 427,779
452,857 434,694

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 February 2021 (77,694 )
Profit for the year 2,645
At 31 January 2022 (75,049 )