Silverfin false false 30/06/2023 01/07/2022 30/06/2023 J East 08/06/2022 G Thornton 08/06/2022 07 March 2024 The principle activity of the company during the year was the rental of investment properties. 14157878 2023-06-30 14157878 bus:Director1 2023-06-30 14157878 bus:Director2 2023-06-30 14157878 core:CurrentFinancialInstruments 2023-06-30 14157878 core:Non-currentFinancialInstruments 2023-06-30 14157878 core:ShareCapital 2023-06-30 14157878 core:RetainedEarningsAccumulatedLosses 2023-06-30 14157878 core:LandBuildings 2022-06-30 14157878 2022-06-30 14157878 core:LandBuildings 2023-06-30 14157878 bus:OrdinaryShareClass1 2023-06-30 14157878 2022-07-01 2023-06-30 14157878 bus:FilletedAccounts 2022-07-01 2023-06-30 14157878 bus:SmallEntities 2022-07-01 2023-06-30 14157878 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 14157878 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 14157878 bus:Director1 2022-07-01 2023-06-30 14157878 bus:Director2 2022-07-01 2023-06-30 14157878 core:LandBuildings 2022-07-01 2023-06-30 14157878 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14157878 (England and Wales)

LIME ESTATES RENTAL HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

LIME ESTATES RENTAL HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

LIME ESTATES RENTAL HOLDINGS LTD

BALANCE SHEET

As at 30 June 2023
LIME ESTATES RENTAL HOLDINGS LTD

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023
£
Fixed assets
Tangible assets 3 3,415,164
3,415,164
Current assets
Debtors 4 4,535
Cash at bank and in hand 13,902
18,437
Creditors: amounts falling due within one year 5 ( 779,489)
Net current liabilities (761,052)
Total assets less current liabilities 2,654,112
Creditors: amounts falling due after more than one year 6 ( 2,648,870)
Net assets 5,242
Capital and reserves
Called-up share capital 7 100
Profit and loss account 5,142
Total shareholders' funds 5,242

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lime Estates Rental Holdings Ltd (registered number: 14157878) were approved and authorised for issue by the Board of Directors on 07 March 2024. They were signed on its behalf by:

G Thornton
Director
LIME ESTATES RENTAL HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
LIME ESTATES RENTAL HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Lime Estates Rental Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is PKF Francis Clark, Towngate House 2-8, Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length - 8th June 2022 - 30th June 2023

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023
Number
Monthly average number of persons employed by the Company during the year, including directors 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2022 0 0
Additions 3,415,164 3,415,164
At 30 June 2023 3,415,164 3,415,164
Accumulated depreciation
At 01 July 2022 0 0
At 30 June 2023 0 0
Net book value
At 30 June 2023 3,415,164 3,415,164

4. Debtors

2023
£
Other debtors 4,535

5. Creditors: amounts falling due within one year

2023
£
Trade creditors 600
Amounts owed to Group undertakings 165,000
Taxation and social security 1,250
Other creditors 612,639
779,489

6. Creditors: amounts falling due after more than one year

2023
£
Bank loans (secured) 2,548,870
Other loans 100,000
2,648,870

7. Called-up share capital

2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

8. Related party transactions

Other related party transactions

2023
£
Lime Estates (UK) Limited 154,000

G Thornton and J East are shareholders of Lime Estates (UK Limited). Lime Estates Rental Holdings Limited received a loan of £162,500 from Lime Estates (UK) Limited in the year, and are periodically repaying it back.