Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-3027700002840000The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2022-07-01No description of principal activity22true 04465976 2022-07-01 2023-06-30 04465976 2021-07-01 2022-06-30 04465976 2023-06-30 04465976 2022-06-30 04465976 2 2022-07-01 2023-06-30 04465976 d:Director1 2022-07-01 2023-06-30 04465976 d:Director2 2022-07-01 2023-06-30 04465976 e:Buildings 2022-07-01 2023-06-30 04465976 e:Buildings e:LongLeaseholdAssets 2022-07-01 2023-06-30 04465976 e:PlantMachinery 2022-07-01 2023-06-30 04465976 e:PlantMachinery 2023-06-30 04465976 e:PlantMachinery 2022-06-30 04465976 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04465976 e:FurnitureFittings 2022-07-01 2023-06-30 04465976 e:FurnitureFittings 2023-06-30 04465976 e:FurnitureFittings 2022-06-30 04465976 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04465976 e:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 04465976 e:OtherPropertyPlantEquipment 2023-06-30 04465976 e:OtherPropertyPlantEquipment 2022-06-30 04465976 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04465976 e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04465976 e:FreeholdInvestmentProperty 2023-06-30 04465976 e:FreeholdInvestmentProperty 2022-06-30 04465976 e:FreeholdInvestmentProperty 2 2022-07-01 2023-06-30 04465976 e:LeaseholdInvestmentProperty 2023-06-30 04465976 e:LeaseholdInvestmentProperty 2022-06-30 04465976 e:LeaseholdInvestmentProperty 2 2022-07-01 2023-06-30 04465976 e:CurrentFinancialInstruments 2023-06-30 04465976 e:CurrentFinancialInstruments 2022-06-30 04465976 e:Non-currentFinancialInstruments 2023-06-30 04465976 e:Non-currentFinancialInstruments 2022-06-30 04465976 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 04465976 e:CurrentFinancialInstruments e:WithinOneYear 2022-06-30 04465976 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 04465976 e:Non-currentFinancialInstruments e:AfterOneYear 2022-06-30 04465976 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-06-30 04465976 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2022-06-30 04465976 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-06-30 04465976 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2022-06-30 04465976 e:ShareCapital 2023-06-30 04465976 e:ShareCapital 2022-06-30 04465976 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 04465976 e:RetainedEarningsAccumulatedLosses 2023-06-30 04465976 e:RetainedEarningsAccumulatedLosses 2022-06-30 04465976 d:FRS102 2022-07-01 2023-06-30 04465976 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04465976 d:FullAccounts 2022-07-01 2023-06-30 04465976 d:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 04465976









LEVER PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
LEVER PROPERTIES LIMITED
REGISTERED NUMBER: 04465976

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,950
18,180

Investment property
 5 
1,385,000
1,420,000

  
1,402,950
1,438,180

Current assets
  

Debtors: amounts falling due within one year
 6 
1,631
1,837

Cash at bank and in hand
 7 
75,520
84,786

  
77,151
86,623

Creditors: amounts falling due within one year
 8 
(268,848)
(310,569)

Net current liabilities
  
 
 
(191,697)
 
 
(223,946)

Total assets less current liabilities
  
1,211,253
1,214,234

Creditors: amounts falling due after more than one year
 9 
(36,918)
(41,522)

Provisions for liabilities
  

Deferred tax
  
(152,598)
(161,406)

  
 
 
(152,598)
 
 
(161,406)

Net assets
  
1,021,737
1,011,306


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 11 
1,021,637
1,011,206

  
1,021,737
1,011,306


Page 1

 
LEVER PROPERTIES LIMITED
REGISTERED NUMBER: 04465976
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 by: 




David  Leveridge
Linda Leveridge
Director
Director


Date: 27 February 2024
Date: 27 February 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Lever Properties Limited is a private limited company limited by shares and incorporated in England and Wales, registration number 04465976. The registered office is Faiers House, Gilray Road, Diss Norfolk IIP22 4WR

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

Page 3

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year 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 reporting 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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Long-term leasehold property
-
Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

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.

 
2.12

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.

Page 5

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Property improvements
Total

£
£
£
£



Cost or valuation


At 1 July 2022
19,067
5,867
16,898
41,832



At 30 June 2023

19,067
5,867
16,898
41,832



Depreciation


At 1 July 2022
18,160
5,492
-
23,652


Charge for the year on owned assets
136
94
-
230



At 30 June 2023

18,296
5,586
-
23,882



Net book value



At 30 June 2023
771
281
16,898
17,950



At 30 June 2022
907
375
16,898
18,180

Page 6

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 July 2022
1,260,000
160,000
1,420,000


Surplus/(Deficit) on revaluation
(20,000)
(15,000)
(35,000)



At 30 June 2023
1,240,000
145,000
1,385,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
775,660
775,660

775,660
775,660


6.


Debtors

2023
2022
£
£


Trade debtors
760
991

Prepayments and accrued income
871
846

1,631
1,837



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
75,520
84,786

75,520
84,786


Page 7

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,274
4,420

Corporation tax
9,596
10,647

Other creditors
250,774
292,999

Accruals and deferred income
3,204
2,503

268,848
310,569



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
36,918
41,522

36,918
41,522


The following liabilities were secured:

2023
2022
£
£



Bank loan
42,192
45,942

42,192
45,942

Details of security provided:

The loan included within creditors is secured by a first charge over 147 Magnolia Drive.

Page 8

 
LEVER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,274
4,420


5,274
4,420

Amounts falling due 1-2 years

Bank loans
5,274
4,720


5,274
4,720


Amounts falling due after more than 5 years

Bank loans
31,644
36,802

31,644
36,802

42,192
45,942



11.


Reserves

Profit and loss account

The profit and loss account is the accumualted profit of the company since inception. The distributable amount is £564,632 (2022: £527,951), non distributable amount is £457,005 (2022: £483,255). 

 
Page 9