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REGISTERED NUMBER: 03111396 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Lion Head Properties Limited

Lion Head Properties Limited (Registered number: 03111396)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lion Head Properties Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: G Turnbull





REGISTERED OFFICE: 98 Bondgate
Darlington
Co. Durham
DL3 7JY





REGISTERED NUMBER: 03111396 (England and Wales)





ACCOUNTANTS: Mollart & Co
39 Grange Road
Darlington
Co. Durham
DL1 5NB

Lion Head Properties Limited (Registered number: 03111396)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,093 44,038

CURRENT ASSETS
Stocks 19,819 17,774
Debtors 5 18,259 21,755
Cash at bank and in hand 325,427 214,265
363,505 253,794
CREDITORS
Amounts falling due within one year 6 172,318 127,276
NET CURRENT ASSETS 191,187 126,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,280

170,556

CREDITORS
Amounts falling due after more than one
year

7

(113,400

)

(126,251

)

PROVISIONS FOR LIABILITIES (5,017 ) (5,367 )
NET ASSETS 112,863 38,938

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 112,861 38,936
SHAREHOLDERS' FUNDS 112,863 38,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lion Head Properties Limited (Registered number: 03111396)

Balance Sheet - continued
30 November 2021


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 director and authorised for issue on 27 July 2022 and were signed by:





G Turnbull - Director


Lion Head Properties Limited (Registered number: 03111396)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Lion Head Properties 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2020 - 27 ) .

Lion Head Properties Limited (Registered number: 03111396)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 293,094
Additions 9,132
At 30 November 2021 302,226
DEPRECIATION
At 1 December 2020 249,056
Charge for year 13,077
At 30 November 2021 262,133
NET BOOK VALUE
At 30 November 2021 40,093
At 30 November 2020 44,038

5. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Trade debtors 1,351 871
Other debtors 14,472 20,884
15,823 21,755

Amounts falling due after more than one year:
Other debtors 2,436 -

Aggregate amounts 18,259 21,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 251 3,724
Trade creditors 86,157 32,179
Taxation and social security 71,178 73,660
Other creditors 14,732 17,713
172,318 127,276

Lion Head Properties Limited (Registered number: 03111396)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts - 251
Other creditors 113,400 126,000
113,400 126,251

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
G Turnbull
Balance outstanding at start of year - -
Amounts advanced 10,045 -
Amounts repaid (2,550 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,495 -

The loan to the director is unsecured and repayable on demand with no fixed date for repayment. Interest is charged at the statutory rate.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Turnbull.