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REGISTERED NUMBER: 07043615 (England and Wales)









Financial Statements

for the Year Ended 31 October 2023

for

Lifehouse (London) Limited

Lifehouse (London) Limited (Registered number: 07043615)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lifehouse (London) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A Akers-Douglas
Mrs T Akers-Douglas





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07043615 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Lifehouse (London) Limited (Registered number: 07043615)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 490,827 494,461
490,827 494,461

CURRENT ASSETS
Inventories 80,000 40,000
Debtors 6 28,764 54,599
Cash at bank 26,102 20,428
134,866 115,027
CREDITORS
Amounts falling due within one year 7 (316,877 ) (278,156 )
NET CURRENT LIABILITIES (182,011 ) (163,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,816

331,332

CREDITORS
Amounts falling due after more than one
year

8

(269,037

)

(323,504

)

PROVISIONS FOR LIABILITIES - (506 )
NET ASSETS 39,779 7,322

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,679 7,222
SHAREHOLDERS' FUNDS 39,779 7,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

Lifehouse (London) Limited (Registered number: 07043615)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





A Akers-Douglas - Director


Lifehouse (London) Limited (Registered number: 07043615)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Lifehouse (London) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 33.33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Lifehouse (London) Limited (Registered number: 07043615)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant & and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 477,208 11,227 16,354 97,345 602,134
Additions - 858 - - 858
At 31 October 2023 477,208 12,085 16,354 97,345 602,992
DEPRECIATION
At 1 November 2022 - 9,012 16,354 82,307 107,673
Charge for year - 732 - 3,760 4,492
At 31 October 2023 - 9,744 16,354 86,067 112,165
NET BOOK VALUE
At 31 October 2023 477,208 2,341 - 11,278 490,827
At 31 October 2022 477,208 2,215 - 15,038 494,461

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,294 15,536
Other debtors 19,363 29,743
Directors' current accounts - 9,231
Tax 89 89
Deferred tax asset 18 -
28,764 54,599

Lifehouse (London) Limited (Registered number: 07043615)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 57,177 62,624
Trade creditors 121,492 28,581
Tax 6,968 -
Social security & other taxes 5,580 11,426
Value added tax 24,953 92,965
Other creditors 91,918 78,608
Directors' current accounts 4,836 -
Accruals & deferred income 3,953 3,952
316,877 278,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans due after 1 year 269,037 323,504

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 326,214 383,391

The bank loan is secured by way of a fixed and floating charge which covers all the property or undertaking of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A Akers-Douglas
Balance outstanding at start of year 9,231 138,981
Amounts advanced - 156,511
Amounts repaid (9,231 ) (286,261 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,231