IRIS Accounts Production v24.1.0.578 11812429 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118124292023-02-28118124292024-02-29118124292023-03-012024-02-29118124292022-02-28118124292022-03-012023-02-28118124292023-02-2811812429ns15:EnglandWales2023-03-012024-02-2911812429ns14:PoundSterling2023-03-012024-02-2911812429ns10:Director12023-03-012024-02-2911812429ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911812429ns10:SmallEntities2023-03-012024-02-2911812429ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911812429ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911812429ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911812429ns10:FullAccounts2023-03-012024-02-2911812429ns10:OrdinaryShareClass12023-03-012024-02-2911812429ns10:RegisteredOffice2023-03-012024-02-2911812429ns5:CurrentFinancialInstruments2024-02-2911812429ns5:CurrentFinancialInstruments2023-02-2811812429ns5:Non-currentFinancialInstruments2024-02-2911812429ns5:Non-currentFinancialInstruments2023-02-2811812429ns5:ShareCapital2024-02-2911812429ns5:ShareCapital2023-02-2811812429ns5:RetainedEarningsAccumulatedLosses2024-02-2911812429ns5:RetainedEarningsAccumulatedLosses2023-02-2811812429ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2911812429ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2811812429ns5:Non-currentFinancialInstruments2023-03-012024-02-2911812429ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 11812429 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Lister Property Company Ltd

Lister Property Company Ltd (Registered number: 11812429)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lister Property Company Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr M P Reid-Smith





REGISTERED OFFICE: Lister House
49 Lister Road
Wellingborough
Northamptonshire
NN8 4EL





REGISTERED NUMBER: 11812429 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Lister Property Company Ltd (Registered number: 11812429)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,481,109 945,515

CURRENT ASSETS
Debtors 5 1,645 1,645
Cash at bank 10,090 10,876
11,735 12,521
CREDITORS
Amounts falling due within one year 6 25,772 55,732
NET CURRENT LIABILITIES (14,037 ) (43,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,467,072

902,304

CREDITORS
Amounts falling due after more than one
year

7

(1,316,852

)

(812,003

)

PROVISIONS FOR LIABILITIES (11,121 ) (10,000 )
NET ASSETS 139,099 80,301

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 138,999 80,201
SHAREHOLDERS' FUNDS 139,099 80,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Lister Property Company Ltd (Registered number: 11812429)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 16 April 2024 and were signed by:





Mr M P Reid-Smith - Director


Lister Property Company Ltd (Registered number: 11812429)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lister Property Company 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 as modified by the revaluation of certain assets.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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 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 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 (2023 - NIL).

Lister Property Company Ltd (Registered number: 11812429)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2023 945,515
Additions 491,109
Revaluations 44,485
At 29 February 2024 1,481,109
NET BOOK VALUE
At 29 February 2024 1,481,109
At 28 February 2023 945,515

Fair value at 29 February 2024 is represented by:
£
Valuation in 2024 1,481,109

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 1,396,623 905,514

Investment properties were valued on an open market basis on 29 February 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 1,645 1,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans 17,716 47,780
Tax 4,423 5,303
Other creditors 1,725 -
Accrued expenses 1,908 2,649
25,772 55,732

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other loans - 1-2 years 164,112 151,763
Directors' loan accounts 1,152,740 660,240
1,316,852 812,003

The director's loan is long term finance. Repayment will not be sought within the forthcoming year.
Other loans relate to mortgages which are secured on the properties to which they relate.

Lister Property Company Ltd (Registered number: 11812429)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100