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REGISTERED NUMBER: 10157817 (England and Wales)















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 1,700,000 600,000

Current assets
Debtors 5 174,792 127,287
Cash at bank and in hand 35,767 3,415
210,559 130,702
Creditors: amounts falling due within
one year

6

76,126

246,597
Net current assets/(liabilities) 134,433 (115,895 )
Total assets less current liabilities 1,834,433 484,105

Creditors: amounts falling due after
more than one year

7

(1,669,163

)

(272,706

)

Provisions for liabilities (22,432 ) (27,913 )
Net assets 142,838 183,486

Capital and reserves
Called up share capital 8 1 1
Fair value reserve 9 163,638 151,641
Retained earnings (20,801 ) 31,844
Shareholders' funds 142,838 183,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Limecrown Limited (Registered number: 10157817)

Balance Sheet - continued
30 June 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





E F Barakat - Director


Limecrown Limited (Registered number: 10157817)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Limecrown Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10157817

Registered office: 2a Church Road
Hove
BN3 2FL

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
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 as modified by the revaluation of certain assets.

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 600,000
Additions 1,093,483
Revaluations 6,517
At 30 June 2023 1,700,000
Net book value
At 30 June 2023 1,700,000
At 30 June 2022 600,000

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 174,792 127,287

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 2,558 200,969
Taxation and social security 76 556
Other creditors 73,492 45,072
76,126 246,597

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 1,669,163 272,706

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: £    £   
1 Ordinary £1 1 1

9. Reserves
Fair
value
reserve
£   
At 1 July 2022 151,641
Transfer 11,997

At 30 June 2023 163,638

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.