REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Limecrown Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Limecrown Limited |
Limecrown Limited (Registered number: 10157817) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Limecrown Limited (Registered number: 10157817) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors: amounts falling due within one year |
6 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors: amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Fair value reserve | 9 |
Retained earnings | ( |
) |
Shareholders' funds |
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. |
Limecrown Limited (Registered number: 10157817) |
Balance Sheet - continued |
30 June 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Limecrown Limited (Registered number: 10157817) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | Statutory information |
Limecrown Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£). |
The company's reporting period was twelve months. The comparative period was extended to |
fifteen months to align with related companies. The two sets of results are therefore not immediately |
comparable. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Rental income from operating leases net of Value Added Tax (and any incentives given to the lesees) is recognised on a straight-line basis over the lease term. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Limecrown Limited (Registered number: 10157817) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
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. | Investment property |
Total |
£ |
Fair value |
At 1 July 2022 |
Additions |
Revaluations | 6,517 |
At 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
The fair value of the property at the balance sheet date was determined by the director. The open market value based on similar properties is assumed to be the fair value. |
Limecrown Limited (Registered number: 10157817) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans |
Creditors include liabilities of £260,096 (2022 £267,078) which are secured by the assets to which they relate. |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
9. | Reserves |
Fair |
value |
reserve |
£ |
At 1 July 2022 |
Transfer | 11,997 |
At 30 June 2023 |
Limecrown Limited (Registered number: 10157817) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
10. | Director's advances, credits and guarantees |
During the year, the company advanced a director £895 (2022: £12,977) and he repaid £nil (2022: £3,500). At the year end, the director owed the company £10,372 (2022: £9,477). The advances were interest-free, unsecured and repayable on demand. |