REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
10 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
AN LIGHTSIDE PROPERTIES LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
10 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
AN LIGHTSIDE PROPERTIES LTD |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AN LIGHTSIDE PROPERTIES LTD |
COMPANY INFORMATION |
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Eden House |
Two Rivers Business Park |
Witney |
Oxfordshire |
OX28 4BL |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Revaluation reserve | 11 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
BALANCE SHEET - continued |
31 MARCH 2024 |
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. |
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 |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
AN Lightside Properties Ltd is a |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 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 period 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 period was NIL. |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 285,000 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2024 | 285,000 |
Cost | 1,720,000 |
2,005,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
£ |
Cost | 1,720,000 |
Investment property was valued on an open market basis on 31 March 2024 by Wild Property Consultancy . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Tax |
Accruals and deferred income |
AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024 |
8. | SECURED DEBTS |
National Westminster Bank plc holds a legal charge over the assets of the company in respect of a commercial loan in John Nicholls Management Ltd, a connected entity, dated 16 June 2023. |
9. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax |
Other timing differences | 37,946 |
Deferred |
tax |
£ |
Provided during period |
Balance at 31 March 2024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
C Ordinary | £1 | 3,393,756 |
3,393,756 C Ordinary shares of £1 each were allotted and fully paid for cash at par during the year. |
11. | RESERVES |
Revaluation |
reserve |
£ |
Investment property revaluation | 285,000 |
At 31 March 2024 |
12. | ULTIMATE CONTROLLING PARTY |
The company is under the control of the Director, Mr J A M Nicholls, by virtue of his shareholding. |