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REGISTERED NUMBER: 03693769 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

LORNGREEN PROPERTIES LIMITED

LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LORNGREEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr I Appiah





SECRETARY: Mrs Y Appiah





REGISTERED OFFICE: Littlebrook 1b St. Dunstans Avenue
Acton
London
W3 6QD





REGISTERED NUMBER: 03693769 (England and Wales)





ACCOUNTANTS: Nyman Linden, a division of JSA Services
4th Floor, Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 1,967 2,622
Investment property 6 1,050,000 1,025,000
1,051,967 1,027,622

CURRENT ASSETS
Debtors 3,507 4,097
Cash at bank 34,332 41,352
37,839 45,449
CREDITORS
Amounts falling due within one year 1,703 495
NET CURRENT ASSETS 36,136 44,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,103

1,072,576

CREDITORS
Amounts falling due after more than one
year

7

(396,817

)

(396,751

)

PROVISIONS FOR LIABILITIES (83,600 ) (78,850 )
NET ASSETS 607,686 596,975

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 356,400 336,150
Retained earnings 251,186 260,725
SHAREHOLDERS' FUNDS 607,686 596,975

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 director acknowledges his 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.

LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2023 and were signed by:





Mr I Appiah - Director


LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Lorngreen Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2022
and 31 March 2023 7,964
DEPRECIATION
At 1 April 2022 5,342
Charge for year 655
At 31 March 2023 5,997
NET BOOK VALUE
At 31 March 2023 1,967
At 31 March 2022 2,622

LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

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


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2022 1,025,000
Revaluations 25,000
At 31 March 2023 1,050,000
NET BOOK VALUE
At 31 March 2023 1,050,000
At 31 March 2022 1,025,000

Fair value at 31 March 2023 is represented by:
£
Valuation in 2015 230,000
Valuation in 2016 10,000
Valuation in 2017 50,000
Valuation in 2018 (40,000 )
Valuation in 2019 105,000
Valuation in 2021 186,000
Valuation in 2022 (126,000 )
Valuation in 2023 25,000
Cost 610,000
1,050,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 610,000 610,000

The investment properties were valued on an open market basis on 31 March 2021 by the director of the company .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£ £
Repayable by instalments
Bank loans more 5 yr by instal 396,817 396,751

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 396,817 396,751

LORNGREEN PROPERTIES LIMITED (REGISTERED NUMBER: 03693769)

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


9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
Mr I Appiah
Balance outstanding at start of year 3,737 10,182
Amounts advanced - 5,266
Amounts repaid (5,312 ) (11,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,575 ) 3,737