Caseware UK (AP4) 2022.0.179 2022.0.179 141321414132142falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01Buying and selling of own real estate2falsetrue 11650358 2021-04-01 2022-03-31 11650358 2022-04-01 2023-03-31 11650358 2023-03-31 11650358 2022-03-31 11650358 c:Director1 2022-04-01 2023-03-31 11650358 c:Director2 2022-04-01 2023-03-31 11650358 d:FreeholdInvestmentProperty 2023-03-31 11650358 d:FreeholdInvestmentProperty 2022-03-31 11650358 d:LeaseholdInvestmentProperty 2023-03-31 11650358 d:LeaseholdInvestmentProperty 2022-03-31 11650358 d:CurrentFinancialInstruments 2023-03-31 11650358 d:CurrentFinancialInstruments 2022-03-31 11650358 d:Non-currentFinancialInstruments 2023-03-31 11650358 d:Non-currentFinancialInstruments 2022-03-31 11650358 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11650358 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11650358 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11650358 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11650358 d:ShareCapital 2023-03-31 11650358 d:ShareCapital 2022-03-31 11650358 d:RetainedEarningsAccumulatedLosses 2023-03-31 11650358 d:RetainedEarningsAccumulatedLosses 2022-03-31 11650358 c:FRS102 2022-04-01 2023-03-31 11650358 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11650358 c:FullAccounts 2022-04-01 2023-03-31 11650358 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 11650358













Lish Property Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
Lish Property Limited


Statement of financial position
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
706,607
706,607

  
706,607
706,607

Current assets
  

Debtors: amounts falling due within one year
 5 
27,500
45,818

Bank and cash balances
  
69,304
92,655

  
96,804
138,473

Creditors: amounts falling due within one year
 6 
(75,675)
(79,417)

Net current assets
  
 
 
21,129
 
 
59,056

Total assets less current liabilities
  
727,736
765,663

Creditors: amounts falling due after more than one year
 7 
(562,333)
(609,335)

Provisions for liabilities
  

Deferred tax
  
(20,677)
-

  
 
 
(20,677)
 
 
-

Net assets
  
144,726
156,328


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
144,724
156,326

Shareholders' funds
  
144,726
156,328


1

 
Lish Property Limited

    
Statement of financial position (continued)
At 31 March 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 December 2023.




Rajiv Bandlish
Gita Auplish
Director
Director

Registered number: 11650358
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Lish Property Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 1, Harmont House, 20 Harley Street, London, United Kingdom, W1G 9PH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents rental income receivable during the period. 

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

3

 
Lish Property Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

4

 
Lish Property Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

4.


Investment property


Freehold investment property
Property improvements
Total

£
£
£



Valuation


At 1 April 2022
685,852
20,755
706,607



At 31 March 2023
685,852
20,755
706,607




In the opinion of the Directors, valuation of the investment property is fair and unlikely to represent a material difference to true valuation.

5

 
Lish Property Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Trade debtors
27,500
27,500

Deferred taxation
-
18,318

27,500
45,818



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
42,083
37,165

Trade creditors
2,581
1,440

Corporation tax
6,555
10,451

Other creditors
22,920
28,921

Accruals and deferred income
1,536
1,440

75,675
79,417



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
562,333
609,335

562,333
609,335


 
6