Lissenden Limited 01470225 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is a flat management company. Digita Accounts Production Advanced 6.30.9574.0 true 01470225 2022-04-01 2023-03-31 01470225 2023-03-31 01470225 core:OtherReservesSubtotal 2023-03-31 01470225 core:RetainedEarningsAccumulatedLosses 2023-03-31 01470225 core:CurrentFinancialInstruments 2023-03-31 01470225 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01470225 bus:SmallEntities 2022-04-01 2023-03-31 01470225 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01470225 bus:FullAccounts 2022-04-01 2023-03-31 01470225 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01470225 bus:RegisteredOffice 2022-04-01 2023-03-31 01470225 bus:CompanySecretary1 2022-04-01 2023-03-31 01470225 bus:Director1 2022-04-01 2023-03-31 01470225 bus:Director3 2022-04-01 2023-03-31 01470225 bus:Director4 2022-04-01 2023-03-31 01470225 bus:Director5 2022-04-01 2023-03-31 01470225 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 01470225 core:ToolsEquipment 2022-04-01 2023-03-31 01470225 countries:EnglandWales 2022-04-01 2023-03-31 01470225 2021-04-01 2022-03-31 01470225 2022-03-31 01470225 core:OtherReservesSubtotal 2022-03-31 01470225 core:RetainedEarningsAccumulatedLosses 2022-03-31 01470225 core:CurrentFinancialInstruments 2022-03-31 01470225 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Company No: 01470225

Lissenden Limited (A company limited by guarantee)

Unaudited Financial Statements

Year Ended

31 March 2023

 

Lissenden Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Lissenden Limited

Company Information

Directors

T A Rees

B Stillwell

P J Dent

P Furby

Company secretary

Foxes Property Management Limited

Registered office

Flat 8 Lissenden
1 Burton Road
Branksome Park
Poole
Dorset
BH13 6DS

Accountants

Brett Pittwood
Chartered Certified Accountants
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

 

Lissenden Limited

(Registration number: 01470225)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

 

14,498

206

Cash at bank and in hand

 

109,605

122,643

4

124,103

122,849

Creditors: Amounts falling due within one year

5

(21,826)

(14,537)

Net assets

 

102,277

108,312

Capital and reserves

 

Sinking fund

94,282

94,282

Profit and loss account

7,995

14,030

Total equity

 

102,277

108,312

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

T A Rees
Director

 

Lissenden Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Flat 8 Lissenden
1 Burton Road
Branksome Park
Poole
Dorset
BH13 6DS
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lissenden Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

Depreciation

Asset class

Depreciation method and rate

Equipment

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Lissenden Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

Financial instruments

Classification
Financial assets

Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Lissenden Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

4

Current Assets

2023
£

2022
£

Prepayments

12,948

206

Maintenance contributions and ground rent due from residents

1,550

-

Bank and building society accounts

72,514

72,484

Cash held by managing agents

36,902

49,919

Cash held by managment

189

240

124,103

122,849

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

10,865

340

Taxation and social security

6

7

Accruals and deferred income

1,005

1,115

Maintenance contributions and ground rent received in advance

9,950

13,075

21,826

14,537