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Draft
Lithium Properties Limited
Registered Number:10111641
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 May 2023
Lithium Properties Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Draft
Registered Number :
10111641
As at 31 May 2023
Lithium Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
24,950,147
24,911,147
2
24,950,147
24,911,147
Current assets
Trade and other receivables
10,605,038
10,669,900
3
21,094
Cash and cash equivalents
12,526
10,682,426
10,626,132
Trade and other payables: amounts falling due within one year
(1,476,482)
(1,411,584)
4
9,149,650
9,270,842
Net current assets
Total assets less current liabilities
34,220,989
34,060,797
Trade and other payables: amounts falling due after more than one
year
(13,096,628)
(12,977,636)
5
21,243,353
Net assets
20,964,169
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
19,639,276
19,639,276
Retained earnings
1,603,077
1,323,893
21,243,353
20,964,169
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Sudesh Mittal Director
These financial statements were approved and authorised for issue by the Board on 14 February 2024 and were signed by:
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Draft
Registered Number :
10111641
For the year ended 31 May 2023
Lithium Properties Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 May 2023
Lithium Properties Limited
Notes to the Financial Statements
Statutory Information
Lithium Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
10111641.
Registered address:
45A Boundaries Road
Balham
London
SW2 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Land and
Buildings
£
Cost or valuation
At 01 June 2022
24,911,147
39,000
Additions
At 31 May 2023
24,950,147
At 31 May 2023
Net book value
24,950,147
At 31 May 2022
24,911,147
3. Trade and other receivables
2022
2023
£
£
Other debtors
10,669,900
10,605,038
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6
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For the year ended 31 May 2023
Lithium Properties Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
1,005,750
1,079,601
Trade creditors
291,202
222,364
Taxation and social security
69,808
107,984
Directors' loan accounts
44,824
-
Other creditors
-
66,533
1,411,584
1,476,482
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
12,977,636
13,096,628
Lithium Ltd took a loan from Cynergy Bank in November 2022 for £14,125,000. The loan is repayable over the period of 60 months until November 2027. The interest rate on the loan is 5.15%.
6. Average number of persons employed
During the year the average number of employees was 0
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