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REGISTERED NUMBER: 13419057 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LITE PROPERTIES LIMITED

LITE PROPERTIES LIMITED (REGISTERED NUMBER: 13419057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LITE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I T Pick MRICS





SECRETARY: Mrs L M Pick





REGISTERED OFFICE: Llewellyn House
Middle Street
Kilham
Driffield
East Yorkshire
YO25 4RL





REGISTERED NUMBER: 13419057 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

LITE PROPERTIES LIMITED (REGISTERED NUMBER: 13419057)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 855,371 855,371

CURRENT ASSETS
Debtors 5 362 331
Cash at bank 15,261 33,649
15,623 33,980
CREDITORS
Amounts falling due within one year 6 823,154 862,774
NET CURRENT LIABILITIES (807,531 ) (828,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,840

26,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,740 26,477
SHAREHOLDERS' FUNDS 47,840 26,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 director and authorised for issue on 30 July 2024 and were signed by:





I T Pick MRICS - Director


LITE PROPERTIES LIMITED (REGISTERED NUMBER: 13419057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

LITE Properties 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.

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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 855,371
NET BOOK VALUE
At 31 March 2024 855,371
At 31 March 2023 855,371

LITE PROPERTIES LIMITED (REGISTERED NUMBER: 13419057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 262 231

Amounts falling due after more than one year:
Other debtors 100 100

Aggregate amounts 362 331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,988 4,944
Other creditors 818,166 857,830
823,154 862,774

7. RELATED PARTY DISCLOSURES

Transactions with directors are as follows:

At 1 April 2023, the company owed IT Pick £9. During the year, IT Pick introduced funds of £37. At 31 March 2024, the company owed IT Pick £46.

The loans are interest free with no fixed term of repayment.



8. ULTIMATE CONTROLLING PARTY

The controlling party is Ian Pick Associates Limited.