IRIS Accounts Production v23.2.0.158 11885272 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118852722022-03-31118852722023-03-31118852722022-04-012023-03-31118852722021-03-31118852722021-04-012022-03-31118852722022-03-3111885272ns16:EnglandWales2022-04-012023-03-3111885272ns15:PoundSterling2022-04-012023-03-3111885272ns11:Director12022-04-012023-03-3111885272ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111885272ns11:SmallEntities2022-04-012023-03-3111885272ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3111885272ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111885272ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111885272ns11:FullAccounts2022-04-012023-03-3111885272ns11:Director22022-04-012023-03-3111885272ns11:RegisteredOffice2022-04-012023-03-3111885272ns6:CurrentFinancialInstruments2023-03-3111885272ns6:CurrentFinancialInstruments2022-03-3111885272ns6:ShareCapital2023-03-3111885272ns6:ShareCapital2022-03-3111885272ns6:RetainedEarningsAccumulatedLosses2023-03-3111885272ns6:RetainedEarningsAccumulatedLosses2022-03-3111885272ns6:PlantMachinery2022-04-012023-03-3111885272ns6:FurnitureFittings2022-04-012023-03-3111885272ns6:ComputerEquipment2022-04-012023-03-3111885272ns6:PlantMachinery2022-03-3111885272ns6:FurnitureFittings2022-03-3111885272ns6:ComputerEquipment2022-03-3111885272ns6:PlantMachinery2023-03-3111885272ns6:FurnitureFittings2023-03-3111885272ns6:ComputerEquipment2023-03-3111885272ns6:PlantMachinery2022-03-3111885272ns6:FurnitureFittings2022-03-3111885272ns6:ComputerEquipment2022-03-3111885272ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111885272ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 11885272 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Lymore Retreats Ltd

Lymore Retreats Ltd (Registered number: 11885272)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Lymore Retreats Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J K Chamberlain
T W Chamberlain





REGISTERED OFFICE: Oakbridge House
Lymore Valley
Keyhaven
Lymington
Hampshire
SO41 0TW





REGISTERED NUMBER: 11885272 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Lymore Retreats Ltd (Registered number: 11885272)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,778 136,389
Investment property 5 195,104 99,766
331,882 236,155

CURRENT ASSETS
Debtors 6 3,800 15,705
Cash at bank 2,805 43,465
6,605 59,170
CREDITORS
Amounts falling due within one year 7 450,361 363,459
NET CURRENT LIABILITIES (443,756 ) (304,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,874

)

(68,134

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (111,974 ) (68,234 )
SHAREHOLDERS' FUNDS (111,874 ) (68,134 )

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

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

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 29 October 2023 and were signed on its behalf by:




Mrs J K Chamberlain - Director


Lymore Retreats Ltd (Registered number: 11885272)

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

1. STATUTORY INFORMATION

Lymore Retreats Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.
Plant and machinery - 10% on cost and 5 years on cost less residual value
Fixtures and fittings - 33% on cost
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.

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.

Lymore Retreats Ltd (Registered number: 11885272)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company had net liabilities of £111,874. The company is reliant on the continued support of it's external finance providers, and the director considers it is appropriate to rely on this for a period of not less than twelve months from date these accounts are approved.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 172,132 - 887 173,019
Additions - 17,317 4,719 22,036
At 31 March 2023 172,132 17,317 5,606 195,055
DEPRECIATION
At 1 April 2022 36,191 - 439 36,630
Charge for year 16,282 3,890 1,475 21,647
At 31 March 2023 52,473 3,890 1,914 58,277
NET BOOK VALUE
At 31 March 2023 119,659 13,427 3,692 136,778
At 31 March 2022 135,941 - 448 136,389

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 99,766
Additions 95,338
At 31 March 2023 195,104
NET BOOK VALUE
At 31 March 2023 195,104
At 31 March 2022 99,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,824 -
Other debtors 1,976 15,705
3,800 15,705

Lymore Retreats Ltd (Registered number: 11885272)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (479 ) 62
Taxation and social security 1,102 -
Other creditors 449,738 363,397
450,361 363,459

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the date of this report the company owed the directors £449,269 (2022: £362,972).

Lymore Retreats Ltd

Report of the Accountants to the Directors of
Lymore Retreats Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................