2022-09-01 2023-08-31 false Capium Accounts Production 1.1 10743220 bus:FullAccounts 2022-09-01 2023-08-31 10743220 bus:FRS102 2022-09-01 2023-08-31 10743220 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10743220 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10743220 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10743220 2022-09-01 2023-08-31 10743220 2023-08-31 10743220 bus:RegisteredOffice 2022-09-01 2023-08-31 10743220 core:WithinOneYear 2023-08-31 10743220 core:AfterOneYear 2023-08-31 10743220 bus:Director1 2022-09-01 2023-08-31 10743220 bus:Director1 2023-08-31 10743220 bus:Director1 2021-09-01 2022-08-31 10743220 bus:Director2 2022-09-01 2023-08-31 10743220 bus:Director2 2023-08-31 10743220 bus:Director2 2021-09-01 2022-08-31 10743220 2021-09-01 10743220 bus:CompanySecretary1 2022-09-01 2023-08-31 10743220 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 10743220 2021-09-01 2022-08-31 10743220 2022-08-31 10743220 core:WithinOneYear 2022-08-31 10743220 core:AfterOneYear 2022-08-31 10743220 bus:EntityAccountantsOrAuditors 2021-09-01 2022-08-31 10743220 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10743220 bus:OrdinaryShareClass1 2023-08-31 10743220 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 10743220 bus:OrdinaryShareClass1 2022-08-31 10743220 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 10743220 bus:OrdinaryShareClass2 2023-08-31 10743220 bus:OrdinaryShareClass2 2021-09-01 2022-08-31 10743220 bus:OrdinaryShareClass2 2022-08-31 10743220 core:PlantMachinery 2022-09-01 2023-08-31 10743220 core:PlantMachinery 2023-08-31 10743220 core:PlantMachinery 2022-08-31 10743220 core:MotorCars 2022-09-01 2023-08-31 10743220 core:MotorCars 2023-08-31 10743220 core:MotorCars 2022-08-31 10743220 core:FurnitureFittings 2022-09-01 2023-08-31 10743220 core:FurnitureFittings 2023-08-31 10743220 core:FurnitureFittings 2022-08-31 10743220 core:ComputerEquipment 2022-09-01 2023-08-31 10743220 core:ComputerEquipment 2023-08-31 10743220 core:ComputerEquipment 2022-08-31 10743220 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 10743220 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-08-31 10743220 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 10743220 core:CostValuation core:Non-currentFinancialInstruments 2022-08-31 10743220 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-08-31 10743220 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 10743220 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 10743220 core:Non-currentFinancialInstruments 2023-08-31 10743220 core:Non-currentFinancialInstruments 2022-08-31 10743220 core:ShareCapital 2023-08-31 10743220 core:ShareCapital 2022-08-31 10743220 core:RetainedEarningsAccumulatedLosses 2023-08-31 10743220 core:RetainedEarningsAccumulatedLosses 2022-08-31 10743220 dpl:Item1 2022-09-01 10743220 dpl:Item1 2023-08-31 10743220 dpl:Item1 2021-09-01 10743220 dpl:Item1 2022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10743220
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 August 2023

for

LC PROPERTY GROUP LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 13,517    17,074 
13,517    17,074 
Current assets      
Debtors: amounts falling due within one year 4 82,733    80,843 
Cash at bank and in hand 594    4,860 
83,327    85,703 
Creditors: amount falling due within one year 5 (57,824)   (40,203)
Net current assets 25,503    45,500 
 
Total assets less current liabilities 39,020    62,574 
Creditors: amount falling due after more than one year 6 (27,354)   (37,790)
Provisions for liabilities 7 (2,568)  
Net assets 9,098    24,784 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 8,998    24,684 
Shareholders' funds 9,098    24,784 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 August 2024 and were signed on its behalf by:


-------------------------------
Paul Rice
Director
1
General Information
LC Property Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10743220, registration address 20 Sir Thomas Street, Liverpool, Merseyside, L1 6BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees



Average number of employees during the year was 8 (2022 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 September 2022 333    7,711    15,200    2,695    25,939 
Additions     949      949 
Disposals        
At 31 August 2023 333    7,711    16,149    2,695    26,888 
Depreciation
At 01 September 2022 83    3,537    4,929    316    8,865 
Charge for year 62    1,044    3,400      4,506 
On disposals        
At 31 August 2023 145    4,581    8,329    316    13,371 
Net book values
Closing balance as at 31 August 2023 188    3,130    7,820    2,379    13,517 
Opening balance as at 01 September 2022 250    4,174    6,703    5,947    17,074 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 32,461    30,571 
Other Debtors 50,272    50,272 
82,733    80,843 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 7,445    6,648 
Corporation Tax 21,431    11,799 
PAYE & Social Security 11,501    5,864 
Directors' Current Accounts 3,852   
VAT 13,595    15,892 
57,824    40,203 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 27,354    37,790 
27,354    37,790 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 2,568   
2,568   

8.

Share Capital

Authorised
51 A Ordinary shares of £1.00 each
49 B Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
51 A Ordinary shares of £1.00 each 51    51 
49 B Ordinary shares of £1.00 each 49    49 
100    100 

2