2022-12-012023-11-302023-11-30false08761581Lavender Living 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Lavender Living Limited

Registered Number
08761581
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Lavender Living Limited
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

Mandeep Singh Binning
Andrea Demetri
Antonis Theori
Theoris Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

08761581 (England and Wales)
Lavender Living Limited
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets314,500,00014,500,000
14,500,00014,500,000
Current assets
Debtors42,329,8422,312,660
Cash at bank and on hand59,43646,557
2,389,2782,359,217
Creditors amounts falling due within one year5(1,435,780)(1,589,959)
Net current assets (liabilities)953,498769,258
Total assets less current liabilities15,453,49815,269,258
Creditors amounts falling due after one year6(7,831,141)(7,645,570)
Provisions for liabilities7(1,465,470)(1,465,470)
Net assets6,156,8876,158,218
Capital and reserves
Called up share capital100100
Profit and loss account6,156,7876,158,118
Shareholders' funds6,156,8876,158,218
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 08761581
Lavender Living Limited
Notes to the Financial Statements
for the year ended 30 November 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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
Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2214,500,000
At 30 November 2314,500,000
Net book value
At 30 November 2314,500,000
At 30 November 2214,500,000
The valuation of properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date. The historical cost of the investment property is £8,638,119.
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables75,06955,126
Other debtors2,161,4862,251,027
Prepayments and accrued income93,2876,507
Total2,329,8422,312,660
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables14,33911,785
Bank borrowings and overdrafts26,462112,921
Taxation and social security-82,645
Other creditors1,383,6611,378,858
Accrued liabilities and deferred income11,3183,750
Total1,435,7801,589,959
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts7,831,1417,645,570
Total7,831,1417,645,570
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,465,4701,465,470
Total1,465,4701,465,470