Company Registration No. 06989002 (England and Wales)
Lemontree Lettings & Management Ltd
Unaudited accounts
for the year ended 30 September 2023
Lemontree Lettings & Management Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
64,526
13,931
Cash at bank and in hand
157,529
73,686
Creditors: amounts falling due within one year
(179,757)
(75,487)
Net current (liabilities)/assets
(19,386)
32,617
Called up share capital
100
100
Profit and loss account
45,040
46,448
Shareholders' funds
45,140
46,548
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by
Mr M Barnham
Director
Company Registration No. 06989002
Lemontree Lettings & Management Ltd
Notes to the Accounts
for the year ended 30 September 2023
Lemontree Lettings & Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 06989002. The registered office is 10A Old Station Road, Newmarket, CB8 8DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Lemontree Lettings & Management Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill
At 30 September 2023
150,000
At 30 September 2023
150,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2022
7,989
-
43,138
14,177
31,036
96,340
Additions
-
14,969
51,585
-
3,878
70,432
Disposals
-
-
(43,138)
-
-
(43,138)
At 30 September 2023
7,989
14,969
51,585
14,177
34,914
123,634
At 1 October 2022
7,989
-
34,104
14,177
26,139
82,409
Charge for the year
-
624
6,767
-
3,412
10,803
On disposals
-
-
(34,104)
-
-
(34,104)
At 30 September 2023
7,989
624
6,767
14,177
29,551
59,108
At 30 September 2023
-
14,345
44,818
-
5,363
64,526
At 30 September 2022
-
-
9,034
-
4,897
13,931
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,835
3,989
Taxes and social security
52,578
28,973
Other creditors
118,420
39,890
Lemontree Lettings & Management Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).