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REGISTERED NUMBER: 03371326 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Lime Gate Homes Limited

Lime Gate Homes Limited (Registered number: 03371326)






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


Lime Gate Homes Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M P Prince - Thompson





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 03371326 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Lime Gate Homes Limited (Registered number: 03371326)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,325 94,973

CURRENT ASSETS
Stocks 1,587,094 1,226,773
Debtors 5 12,840 370,214
Cash at bank 123,929 4,076
1,723,863 1,601,063
CREDITORS
Amounts falling due within one year 6 956,685 888,268
NET CURRENT ASSETS 767,178 712,795
TOTAL ASSETS LESS CURRENT LIABILITIES 866,503 807,768

CREDITORS
Amounts falling due after more than one
year

7

(695,737

)

(607,671

)

PROVISIONS FOR LIABILITIES (7,003 ) (12,429 )
NET ASSETS 163,763 187,668

Lime Gate Homes Limited (Registered number: 03371326)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 163,760 187,665
SHAREHOLDERS' FUNDS 163,763 187,668

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 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.

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 director and authorised for issue on 11 January 2024 and were signed by:





M P Prince - Thompson - Director


Lime Gate Homes Limited (Registered number: 03371326)

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

1. STATUTORY INFORMATION

Lime Gate Homes Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 03371326. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is Sandhurst House, Lower Sandhurst Road, Finchampstead, Wokingham, Berkshire, RG40 3TH.

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 goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance and 5% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Lime Gate Homes Limited (Registered number: 03371326)

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

2. ACCOUNTING POLICIES - continued
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
Plant and
machinery
etc
£   
COST
At 1 June 2022 147,039
Additions 10,140
At 31 May 2023 157,179
DEPRECIATION
At 1 June 2022 52,066
Charge for year 5,788
At 31 May 2023 57,854
NET BOOK VALUE
At 31 May 2023 99,325
At 31 May 2022 94,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 12,840 370,214

Lime Gate Homes Limited (Registered number: 03371326)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 5,556
Hire purchase contracts 5,600 5,600
Trade creditors 1 -
Taxation and social security 414 76
Other creditors 950,670 877,036
956,685 888,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 44,071 38,890
Hire purchase contracts 10,267 15,867
Other creditors 641,399 552,914
695,737 607,671

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,848 16,667