IRIS Accounts Production v23.4.0.336 03382215 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033822152022-10-31033822152023-10-31033822152022-11-012023-10-31033822152021-10-31033822152021-11-012022-10-31033822152022-10-3103382215ns15:EnglandWales2022-11-012023-10-3103382215ns14:PoundSterling2022-11-012023-10-3103382215ns10:Director12022-11-012023-10-3103382215ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103382215ns10:SmallEntities2022-11-012023-10-3103382215ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3103382215ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103382215ns10:FullAccounts2022-11-012023-10-3103382215ns10:Director22022-11-012023-10-3103382215ns10:CompanySecretary12022-11-012023-10-3103382215ns10:RegisteredOffice2022-11-012023-10-3103382215ns5:CurrentFinancialInstruments2023-10-3103382215ns5:CurrentFinancialInstruments2022-10-3103382215ns5:Non-currentFinancialInstruments2023-10-3103382215ns5:Non-currentFinancialInstruments2022-10-3103382215ns5:ShareCapital2023-10-3103382215ns5:ShareCapital2022-10-3103382215ns5:RetainedEarningsAccumulatedLosses2023-10-3103382215ns5:RetainedEarningsAccumulatedLosses2022-10-3103382215ns5:LeaseholdImprovements2022-11-012023-10-3103382215ns5:PlantMachinery2022-11-012023-10-3103382215ns5:FurnitureFittings2022-11-012023-10-3103382215ns5:ComputerEquipment2022-11-012023-10-3103382215ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3103382215ns5:LeaseholdImprovements2022-10-3103382215ns5:PlantMachinery2022-10-3103382215ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3103382215ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3103382215ns5:LeaseholdImprovements2023-10-3103382215ns5:PlantMachinery2023-10-3103382215ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3103382215ns5:LeaseholdImprovements2022-10-3103382215ns5:PlantMachinery2022-10-3103382215ns5:FurnitureFittings2022-10-3103382215ns5:ComputerEquipment2022-10-3103382215ns5:FurnitureFittings2023-10-3103382215ns5:ComputerEquipment2023-10-3103382215ns5:FurnitureFittings2022-10-3103382215ns5:ComputerEquipment2022-10-31033822151ns10:Director12022-10-31033822151ns10:Director12021-10-31033822151ns10:Director12022-11-012023-10-31033822151ns10:Director12021-11-012022-10-31033822151ns10:Director12023-10-31033822151ns10:Director12022-10-3103382215ns10:Director222022-10-3103382215ns10:Director222021-10-3103382215ns10:Director222022-11-012023-10-3103382215ns10:Director222021-11-012022-10-3103382215ns10:Director222023-10-3103382215ns10:Director222022-10-31
REGISTERED NUMBER: 03382215 (England and Wales)















LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr D Collins
Mr P French





SECRETARY: Mr P A French





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 03382215 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 454,595 443,579

CURRENT ASSETS
Debtors 5 8,724 7,416
Cash at bank and in hand 23,933 16,356
32,657 23,772
CREDITORS
Amounts falling due within one year 6 (208,330 ) (241,126 )
NET CURRENT LIABILITIES (175,673 ) (217,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,922

226,225

CREDITORS
Amounts falling due after more than one
year

7

(15,833

)

(86,791

)

PROVISIONS FOR LIABILITIES (2,223 ) (600 )
NET ASSETS 260,866 138,834

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 260,766 138,734
SHAREHOLDERS' FUNDS 260,866 138,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 3 April 2024 and were signed on its behalf by:





Mr P French - Director


LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

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


1. STATUTORY INFORMATION

Lloyds Residential Property Services 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. 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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised on the earlier receipt of the invoice or the receipt of the funds relating thereto.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - equal instalments over the term of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

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


4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2022 420,000 40,852 1,831
Additions - 20,899 -
At 31 October 2023 420,000 61,751 1,831
DEPRECIATION
At 1 November 2022 - 20,427 1,191
Charge for year - 10,292 275
At 31 October 2023 - 30,719 1,466
NET BOOK VALUE
At 31 October 2023 420,000 31,032 365
At 31 October 2022 420,000 20,425 640

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 37,709 3,005 503,397
Additions 1,784 - 22,683
At 31 October 2023 39,493 3,005 526,080
DEPRECIATION
At 1 November 2022 35,252 2,948 59,818
Charge for year 1,043 57 11,667
At 31 October 2023 36,295 3,005 71,485
NET BOOK VALUE
At 31 October 2023 3,198 - 454,595
At 31 October 2022 2,457 57 443,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Prepayments 8,724 7,416

LLOYDS RESIDENTIAL PROPERTY
SERVICES LIMITED (REGISTERED NUMBER: 03382215)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 70,958 83,150
Trade creditors 8,607 22,918
Taxation and social security 112,529 84,091
Other creditors 16,236 50,967
208,330 241,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,833 86,791

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr P French
Balance outstanding at start of year (42,642 ) (426 )
Amounts advanced 127,148 108,047
Amounts repaid (87,600 ) (150,263 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,094 ) (42,642 )

Mr D Collins
Balance outstanding at start of year (175 ) (425 )
Amounts advanced 683 250
Amounts repaid (3,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,092 ) (175 )

9. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.