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REGISTERED NUMBER: 04955311 (England and Wales)









Lewis Property (Ruthin) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Lewis Property (Ruthin) Limited (Registered number: 04955311)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lewis Property (Ruthin) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G.H. Lewis
R.C. Lewis
Mrs S E Lewis
Mrs M L Lewis





SECRETARY: G.H. Lewis





REGISTERED OFFICE: 33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA





REGISTERED NUMBER: 04955311 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Lewis Property (Ruthin) Limited (Registered number: 04955311)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,021,966 1,021,966

CURRENT ASSETS
Debtors 5 6,341 2,534
Cash at bank 212,339 190,944
218,680 193,478
CREDITORS
Amounts falling due within one year 6 273,425 263,045
NET CURRENT LIABILITIES (54,745 ) (69,567 )
TOTAL ASSETS LESS CURRENT LIABILITIES 967,221 952,399

PROVISIONS FOR LIABILITIES 86,366 86,366
NET ASSETS 880,855 866,033

CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve 536,951 536,951
Retained earnings 343,884 329,062
SHAREHOLDERS' FUNDS 880,855 866,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lewis Property (Ruthin) Limited (Registered number: 04955311)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





G.H. Lewis - Director


Lewis Property (Ruthin) Limited (Registered number: 04955311)

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

1. STATUTORY INFORMATION

Lewis Property (Ruthin) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Income Statement in the period they arise.

Lewis Property (Ruthin) Limited (Registered number: 04955311)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2016 441,662
Valuation in 2017 38,500
Valuation in 2018 15,400
Valuation in 2019 127,757
Cost 398,647
1,021,966

If investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 398,647 398,647

Investment property was valued on an open market basis on 30 November 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,550 900
Other debtors 1,791 1,634
6,341 2,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 15,590 5,460
Other creditors 257,835 257,585
273,425 263,045