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REGISTERED NUMBER: 11169713 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LEMA HOMES LIMITED

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEMA HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 156,050
Investment property 5 156,050 -
156,050 156,050

CURRENT ASSETS
Stocks 444,836 440,617
Debtors 6 1,264 355
Cash at bank 83,083 156,596
529,183 597,568
CREDITORS
Amounts falling due within one year 7 300,114 356,197
NET CURRENT ASSETS 229,069 241,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,119

397,421

CREDITORS
Amounts falling due after more than one
year

8

489,294

472,270
NET LIABILITIES (104,175 ) (74,849 )

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 (104,375 ) (75,049 )
SHAREHOLDERS' FUNDS (104,175 ) (74,849 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 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 Board of Directors and authorised for issue on 24 October 2023 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 2023

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 February 2022 156,050 533 156,583
Reclassification/transfer (156,050 ) - (156,050 )
At 31 January 2023 - 533 533
DEPRECIATION
At 1 February 2022
and 31 January 2023 - 533 533
NET BOOK VALUE
At 31 January 2023 - - -
At 31 January 2022 156,050 - 156,050

Included in cost of land and buildings is freehold land of £ 156,050 (2022 - £ 156,050 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 156,050
At 31 January 2023 156,050
NET BOOK VALUE
At 31 January 2023 156,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 1,264 355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 6,000 6,587
Trade creditors 67 62
Directors' current accounts 292,947 348,297
Accrued expenses 1,100 1,251
300,114 356,197

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 14,000 19,413
Other loans (see note 9) 475,294 452,857
489,294 472,270

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 475,294 452,857

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,587

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,000 12,761

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,000 6,652

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 475,294 452,857

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

LEMA HOMES LIMITED (REGISTERED NUMBER: 11169713)

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

11. RESERVES
Retained
earnings
£   

At 1 February 2022 (75,049 )
Deficit for the year (29,326 )
At 31 January 2023 (104,375 )