2022-06-012023-05-312023-05-31false10796288LESBIREL PROPERTY INVESTMENTS 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LESBIREL PROPERTY INVESTMENTS LIMITED

Registered Number
10796288
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

LESBIREL PROPERTY INVESTMENTS LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

LESBIREL, Sophie Samantha
LESBIREL, Steven Thornton

Registered Address

30 Avenue Road
Abergavenny
NP7 7DB

Registered Number

10796288 (England and Wales)
LESBIREL PROPERTY INVESTMENTS LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4728,316726,361
Investments51,005,8011,005,154
1,734,1171,731,515
Current assets
Debtors142,708152,387
Current asset investments176,000-
Cash at bank and on hand13,456438,130
332,164590,517
Creditors amounts falling due within one year6(1,312,617)(1,524,846)
Net current assets (liabilities)(980,453)(934,329)
Total assets less current liabilities753,664797,186
Net assets753,664797,186
Capital and reserves
Called up share capital200,000200,000
Profit and loss account553,664597,186
Shareholders' funds753,664797,186
The financial statements were approved and authorised for issue by the Board of Directors on 23 February 2024, and are signed on its behalf by:
LESBIREL, Sophie Samantha
Director
LESBIREL, Steven Thornton
Director

Registered Company No. 10796288
LESBIREL PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 June 22726,361-726,361
Additions-2,3682,368
At 31 May 23726,3612,368728,729
Depreciation and impairment
Charge for year-413413
At 31 May 23-413413
Net book value
At 31 May 23726,3611,955728,316
At 31 May 22726,361-726,361
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 June 221,005,1541,005,154
Additions647647
At 31 May 231,005,8011,005,801
Net book value
At 31 May 231,005,8011,005,801
At 31 May 221,005,1541,005,154

Notes

1Other investments other than loans
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables745,642850,682
Taxation and social security-100,314
Other creditors556,675573,550
Accrued liabilities and deferred income10,300300
Total1,312,6171,524,846