Company Registration No. 03552422 (England and Wales)
Littleheap Limited
Unaudited accounts
for the year ended 31 March 2023
Littleheap Limited
Company Information
for the year ended 31 March 2023
Directors
Georgina Louise Dutczak
Donald William Richardson
Maureen Ann Richardson
Company Number
03552422 (England and Wales)
Registered Office
Mayfield
Southwell Road
Thurgaton
Nottingham
NG14 7GP
England
Accountants
R Suggett
Ridgeway House
59 Burnside Drive
Bramcote Hills
Nottingham
NG9 3EF
Littleheap Limited
Accountants' report
Accountants' report to the board of directors of Littleheap Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Littleheap Limited for the year ended
31 March 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Littleheap Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Littleheap Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Littleheap Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Littleheap Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Littleheap Limited. You consider that Littleheap Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Littleheap Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
R Suggett
Ridgeway House
59 Burnside Drive
Bramcote Hills
Nottingham
NG9 3EF
3 October 2023
Littleheap Limited
Statement of financial position
as at 31 March 2023
Tangible assets
289,173
128,484
Cash at bank and in hand
115,060
302,051
Creditors: amounts falling due within one year
(252,980)
(267,724)
Net current (liabilities)/assets
(137,850)
34,472
Net assets
151,323
162,956
Called up share capital
2
2
Profit and loss account
151,321
162,954
Shareholders' funds
151,323
162,956
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Donald William Richardson
Director
Company Registration No. 03552422
Littleheap Limited
Notes to the Accounts
for the year ended 31 March 2023
Littleheap Limited is a private company, limited by shares, registered in England and Wales, registration number 03552422. The registered office is Mayfield, Southwell Road, Thurgaton, Nottingham, NG14 7GP, England.
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.
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.
Littleheap Limited is a private company limited by shares incorporated in the United Kingdom. The financial statements are presented in Sterling which is also the functional currency of the company. The company commenced to trade on 1st October 2019.
The principal activity of the company is that of property management.
The financial statements have been prepared under the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered to be material in relation to the company's financial statements.
Turnover represents the invoice value of rent and services supplied by the company to outside customers. The company is not registered for value added tax.
Tangible fixed assets and depreciation
Tangible assets are stated at cost less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of tangible fixed assets less their estimated residual value over their expected useful lives at the following rates:-
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
All properties purchased in the current year are stated at cost in the balance sheet.
The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial, in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand and demand deposits with banks.
Littleheap Limited
Notes to the Accounts
for the year ended 31 March 2023
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Current tax represents the amount expected to be paid or received in respect of the taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.
Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse.
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Accrued income and prepayments
70
145
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
37,007
Loans from directors
250,729
229,917
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Littleheap Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Transactions with related parties
The balance on the director's loan account represents the cost of the freehold properties introduced into the company, the payment of dividends, less sundry amounts introduced and withdrawn. D W Richardson is the beneficial owner of the company.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).