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Company Registration No. 11516347 (England and Wales)
L J Sims Properties Ltd Unaudited accounts for the year ended 31 August 2023
L J Sims Properties Ltd Unaudited accounts Contents
Page
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L J Sims Properties Ltd Company Information for the year ended 31 August 2023
Director
L J Sims
Company Number
11516347 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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L J Sims Properties Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
14,882 
3,571 
Creditors: amounts falling due within one year
(6,194)
(643)
Net current assets
8,688 
2,928 
Total assets less current liabilities
8,688 
2,928 
Creditors: amounts falling due after more than one year
(194)
- 
Net assets
8,494 
2,928 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
2,000 
2,000 
Profit and loss account
6,394 
828 
Shareholders' funds
8,494 
2,928 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2023 and were signed on its behalf by
L J Sims Director Company Registration No. 11516347
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L J Sims Properties Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
L J Sims Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11516347. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,306 
194 
Loans from directors
4,468 
29 
Accruals
420 
420 
6,194 
643 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
194 
- 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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