Lantern House Property Management Limited 10937697 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property management services. Digita Accounts Production Advanced 6.30.9574.0 true 10937697 2023-01-01 2023-12-31 10937697 2023-12-31 10937697 bus:Director10 2023-12-31 10937697 bus:Director4 2023-12-31 10937697 bus:Director7 2023-12-31 10937697 bus:Director8 2023-12-31 10937697 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 10937697 core:OtherReservesSubtotal 2023-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2023-12-31 10937697 core:ShareCapital 2023-12-31 10937697 core:CurrentFinancialInstruments 2023-12-31 10937697 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10937697 bus:SmallEntities 2023-01-01 2023-12-31 10937697 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10937697 bus:FullAccounts 2023-01-01 2023-12-31 10937697 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10937697 bus:RegisteredOffice 2023-01-01 2023-12-31 10937697 bus:Director10 2023-01-01 2023-12-31 10937697 bus:Director4 2023-01-01 2023-12-31 10937697 bus:Director6 2023-01-01 2023-12-31 10937697 bus:Director7 2023-01-01 2023-12-31 10937697 bus:Director8 2023-01-01 2023-12-31 10937697 bus:Director9 2023-01-01 2023-12-31 10937697 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10937697 bus:Agent1 2023-01-01 2023-12-31 10937697 core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-01 2023-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10937697 core:ShareCapital 2023-01-01 2023-12-31 10937697 countries:EnglandWales 2023-01-01 2023-12-31 10937697 2022-12-31 10937697 core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2022-12-31 10937697 core:ShareCapital 2022-12-31 10937697 2022-01-01 2022-12-31 10937697 2022-12-31 10937697 core:OtherReservesSubtotal 2022-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2022-12-31 10937697 core:ShareCapital 2022-12-31 10937697 core:CurrentFinancialInstruments 2022-12-31 10937697 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10937697 core:ShareCapital 2022-01-01 2022-12-31 10937697 2021-12-31 10937697 core:RetainedEarningsAccumulatedLosses 2021-12-31 10937697 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 10937697

Lantern House Property Management Limited

Annual Report and Unaudited Financial Statements Year Ended 31 December 2023

image-name

Chartered Accountants

 

Lantern House Property Management Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 8

 

Lantern House Property Management Limited

Company Information

Directors

J Newman

G D Briggs

W J Cole

Registered office

Lantern House
8 Crown Square
Poundbury
Dorchester
Dorset
DT1 3DY

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Lantern House Property Management Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

T P Bishop (ceased 1 February 2023)

J Newman

G D Briggs (appointed 30 January 2023)

Hussey & Briggs Ltd (ceased 30 January 2023)

W J Cole

T L Botterill (ceased 2 March 2023)

Principal activity

The principal activity of the company is property management services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 


J Newman
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lantern House Property Management Limitedfor the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lantern House Property Management Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Director of Lantern House Property Management Limited, as a body, in accordance with the terms of our engagement letter dated 29 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of Lantern House Property Management Limited and state those matters that we have agreed to state to the Director of Lantern House Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lantern House Property Management Limited and its Director as a body for our work or for this report.

It is your duty to ensure that Lantern House Property Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lantern House Property Management Limited. You consider that Lantern House Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lantern House Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

27 February 2024

 

Lantern House Property Management Limited

Profit and Loss Account
for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

 

13,801

13,539

Gross profit

 

13,801

13,539

Administrative expenses

 

(7,612)

(13,792)

Operating profit/(loss)

 

6,189

(253)

Other interest receivable and similar income

 

51

-

Profit/(loss) before tax

6,240

(253)

Taxation

 

-

-

Profit/(loss) for the financial year

 

6,240

(253)

The above results were derived from continuing operations.

 

Lantern House Property Management Limited

(Registration number: 10937697)
Balance Sheet as at 31 December 2023

Note

2023

2022

   

£

£

£

£

Current assets

   

 

Debtors

4

 

246

 

1,146

Cash at bank and in hand

   

20,181

 

13,175

   

20,427

 

14,321

Creditors: Amounts falling due within one year

5

 

(1,920)

 

(2,054)

Net assets

   

18,507

 

12,267

Capital and reserves

   

 

Called up share capital

4

 

4

 

Sinking fund

4,000

 

-

 

Profit and loss account

14,503

 

12,263

 

Total equity

   

18,507

 

12,267

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

J Newman
Director

   
     
 

Lantern House Property Management Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

Share capital
£

Sinking fund
£

Profit and loss account
£

Total
£

At 1 January 2023

4

-

12,263

12,267

Surplus for the year

-

-

6,240

6,240

Transfers

-

4,000

(4,000)

-

At 31 December 2023

4

4,000

14,503

18,507

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2022

4

12,516

12,520

Deficit for the year

-

(253)

(253)

At 31 December 2022

4

12,263

12,267

 

Lantern House Property Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lantern House
8 Crown Square
Poundbury
Dorchester
Dorset
DT1 3DY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
 

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.
 

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
 

 

Lantern House Property Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 3 (2022 - 2).

4

Debtors

2023
£

2022
£

Prepayments

246

247

Other debtors

-

899

246

1,146

5

Creditors

2023
£

2022
£

Due within one year

Amounts received in advance from lessees

741

741

Accruals

605

426

Other creditors

574

887

1,920

2,054