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REGISTERED NUMBER: 13406876 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Lexa Property Ltd

Lexa Property Ltd (Registered number: 13406876)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lexa Property Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C Glasspool
B Saint





REGISTERED OFFICE: 1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 13406876 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Lexa Property Ltd (Registered number: 13406876)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,432 -

CURRENT ASSETS
Debtors 5 1,606 504
Cash at bank 602 56,000
2,208 56,504
CREDITORS
Amounts falling due within one year 6 7,518 18
NET CURRENT (LIABILITIES)/ASSETS (5,310 ) 56,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,122

56,486

CREDITORS
Amounts falling due after more than one
year

7

197,426

56,500
NET LIABILITIES (12,304 ) (14 )

RESERVES
Retained earnings (12,304 ) (14 )
SHAREHOLDERS' FUNDS (12,304 ) (14 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

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 directors acknowledge their 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.

Lexa Property Ltd (Registered number: 13406876)

Balance Sheet - continued
31 May 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




C Glasspool - Director



B Saint - Director


Lexa Property Ltd (Registered number: 13406876)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Lexa Property Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 190,432
At 31 May 2023 190,432
NET BOOK VALUE
At 31 May 2023 190,432

Lexa Property Ltd (Registered number: 13406876)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 500
Deferred tax asset 1,245 4
Prepayments 361 -
1,606 504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Directors' current accounts 7,038 18
Accrued expenses 480 -
7,518 18

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other loans - 2-5 years 197,426 56,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Mortgage 140,259 -

A charge over the property exists in relation to the above mortgage. Details of which can be found on Companies House.

9. RELATED PARTY DISCLOSURES

During the year in question Lexa Property Limited, a company in which the directors hold a controlling stake, was owed £59,163 by the company.

This loan took place at arms length and interest is being charged on it accordingly.

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of their 50% stake each in the issued share capital of the company.