1 June 2023 false No description of principal activity Taxfiler 2024.5 13415373business:PrivateLimitedCompanyLtd2023-06-012024-05-31 134153732023-05-31 134153732023-06-012024-05-31 13415373business:AuditExemptWithAccountantsReport2023-06-012024-05-31 13415373business:FilletedAccounts2023-06-012024-05-31 134153732024-05-31 13415373business:Director12023-06-012024-05-31 13415373business:Director22023-06-012024-05-31 13415373business:RegisteredOffice2023-06-012024-05-31 134153732023-05-31 13415373core:WithinOneYear2024-05-31 13415373core:WithinOneYear2023-05-31 13415373core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13415373core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13415373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13415373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13415373core:PreviouslyStatedAmount2024-05-31 13415373core:PreviouslyStatedAmount2023-05-31 13415373business:SmallEntities2023-06-012024-05-31 13415373countries:EnglandWales2023-06-012024-05-31 13415373business:Director112023-06-012024-05-31 13415373business:Director112023-05-31 13415373business:Director112024-05-31 13415373business:Director222023-06-012024-05-31 13415373business:Director222023-05-31 13415373business:Director222024-05-31 134153732022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13415373 (England and Wales)
LIMA APARTMENTS LTD Unaudited accounts for the year ended 31 May 2024
LIMA APARTMENTS LTD Unaudited accounts Contents
Page
- 2 -
LIMA APARTMENTS LTD Company Information for the year ended 31 May 2024
Directors
Mr Kieron Franklin Mr Luke McDermott
Company Number
13415373 (England and Wales)
Registered Office
3 Pine Road Bournemouth Dorset BH9 1LT England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
LIMA APARTMENTS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
290,000 
307,000 
Current assets
Debtors
6,723 
2,590 
Cash at bank and in hand
11,019 
597 
17,742 
3,187 
Creditors: amounts falling due within one year
(274,277)
(264,420)
Net current liabilities
(256,535)
(261,233)
Total assets less current liabilities
33,465 
45,767 
Provisions for liabilities
Deferred tax
- 
(11,967)
Net assets
33,465 
33,800 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
33,365 
33,700 
Shareholders' funds
33,465 
33,800 
For the year ending 31 May 2024 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 25 July 2024 and were signed on its behalf by
Mr Kieron Franklin Director Company Registration No. 13415373
- 4 -
LIMA APARTMENTS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
LIMA APARTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13415373. The registered office is 3 Pine Road, Bournemouth, Dorset, BH9 1LT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
307,000 
Net loss from fair value adjustments
(17,000)
At 31 May 2024
290,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
4,963 
830 
Other debtors
1,760 
1,760 
6,723 
2,590 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
641 
641 
Loans from directors
273,066 
262,987 
Accruals
570 
792 
274,277 
264,420 
- 5 -
LIMA APARTMENTS LTD Notes to the Accounts for the year ended 31 May 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Kieron Franklin
Directors's loan account
(131,493)
(6,814)
(3,473)
(134,834)
Mr Luke McDermott
Directors's loan account
(131,493)
(7,223)
(484)
(138,232)
(262,986)
(14,037)
(3,957)
(273,066)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -