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REGISTERED NUMBER: 08065265 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023

FOR

LEMON & SMITH PROPERTY LTD

LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEMON & SMITH PROPERTY LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023







DIRECTORS: Mr M E Lemon
Mr M J Smith





REGISTERED OFFICE: 16 Great Queen Street
Covent Garden
London
WC2B 5AH





REGISTERED NUMBER: 08065265 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

STATEMENT OF FINANCIAL POSITION
30 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,211 2,948
Investment property 5 706,388 706,388
708,599 709,336

CURRENT ASSETS
Cash at bank 2,292 617

CREDITORS
Amounts falling due within one year 6 246,309 252,875
NET CURRENT LIABILITIES (244,017 ) (252,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,582

457,078

CREDITORS
Amounts falling due after more than one
year

7

491,350

490,725
NET LIABILITIES (26,768 ) (33,647 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (26,968 ) (33,847 )
SHAREHOLDERS' FUNDS (26,768 ) (33,647 )

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

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

LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

STATEMENT OF FINANCIAL POSITION - continued
30 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by:





Mr M E Lemon - Director


LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023


1. STATUTORY INFORMATION

Lemon & Smith Property Ltd 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.

GOING CONCERN
The company's balance sheet shows a net deficit shareholders fund position. However, the director's have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 June 2022
and 30 May 2023 7,612
Depreciation
At 1 June 2022 4,664
Charge for period 737
At 30 May 2023 5,401
Net book value
At 30 May 2023 2,211
At 31 May 2022 2,948

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2022
and 30 May 2023 706,388
Net book value
At 30 May 2023 706,388
At 31 May 2022 706,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 246,309 252,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 491,350 490,725

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 491,350 490,725

LEMON & SMITH PROPERTY LTD (REGISTERED NUMBER: 08065265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary shares £1 200 200