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REGISTERED NUMBER: 04369426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

LEE GLASS PROPERTIES LIMITED

LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE GLASS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: J Lee





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 04369426 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 118,333 160,000
118,333 160,000

CURRENT ASSETS
Debtors 6 597 597
Cash at bank 92,284 77,628
92,881 78,225
CREDITORS
Amounts falling due within one year 7 82,964 81,164
NET CURRENT ASSETS/(LIABILITIES) 9,917 (2,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,250

157,061

PROVISIONS FOR LIABILITIES 12,748 16,611
NET ASSETS 115,502 140,450

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8 115,492 140,440
SHAREHOLDERS' FUNDS 115,502 140,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)

BALANCE SHEET - continued
31ST MARCH 2023


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 5th October 2023 and were signed by:





J Lee - Director


LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Lee Glass 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 as modified by the revaluation of certain assets.

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

Investment property
Investment properties are stated at their fair value at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022
and 31st March 2023 1,020
DEPRECIATION
At 1st April 2022
and 31st March 2023 1,020
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 160,000
Disposals (41,667 )
At 31st March 2023 118,333
NET BOOK VALUE
At 31st March 2023 118,333
At 31st March 2022 160,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2008 88,333
Valuation in 2012 11,667
Valuation in 2019 11,666
Valuation in 2021 28,334
Valuation in 2022 20,000
Valuation in 2023 (41,667 )
118,333

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 51,239 51,240

Investment property was valued on a fair value basis on 31st March 2023 by director, Mr J Lee .

LEE GLASS PROPERTIES LIMITED (REGISTERED NUMBER: 04369426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 597 597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,215 671
Other creditors 80,749 80,493
82,964 81,164

8. RESERVES
Retained
earnings
£   

At 1st April 2022 140,440
Profit for the year 2,552
Dividends (27,500 )
At 31st March 2023 115,492