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REGISTERED NUMBER: 05276258 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

LEE CONSTRUCTION (LDG) LIMITED

LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

LEE CONSTRUCTION (LDG) LIMITED

Company Information
for the Year Ended 30 November 2023







Director: L D Green





Secretary: A I Latham





Registered office: Unit 4
Brompton Industrial Park, Station Road
Brompton on Swale
Richmond
North Yorkshire
DL10 7SN





Registered number: 05276258 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 523,050 571,603
Investment property 5 1,185,486 160,000
1,708,536 731,603

Current assets
Stocks 6,700 7,600
Debtors 121,096 99,270
Cash at bank and in hand 22,993 921,073
150,789 1,027,943
Creditors
Amounts falling due within one year 361,410 266,835
Net current (liabilities)/assets (210,621 ) 761,108
Total assets less current liabilities 1,497,915 1,492,711

Provisions for liabilities 130,053 164,322
Net assets 1,367,862 1,328,389

Capital and reserves
Called up share capital 1,100 1,100
Investment property reserve 6 52,050 44,550
Retained earnings 1,314,712 1,282,739
1,367,862 1,328,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed by:





L D Green - Director


LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lee Construction (LDG) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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.
Freehold property - 2% on cost
Plant and machinery - At varying rates
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

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.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

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.


LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

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. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 862,123
Additions 46,194
Disposals (45,129 )
At 30 November 2023 863,188
DEPRECIATION
At 1 December 2022 290,520
Charge for year 84,489
Eliminated on disposal (34,871 )
At 30 November 2023 340,138
NET BOOK VALUE
At 30 November 2023 523,050
At 30 November 2022 571,603

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 160,000
Additions 1,015,486
Revaluations 10,000
At 30 November 2023 1,185,486
NET BOOK VALUE
At 30 November 2023 1,185,486
At 30 November 2022 160,000

LEE CONSTRUCTION (LDG) LIMITED (REGISTERED NUMBER: 05276258)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 26,571
Valuation in 2019 (20,000 )
Valuation in 2020 15,000
Valuation in 2022 35,000
Valuation in 2023 10,000
Cost 1,118,915
1,185,486

Investment property was revalued on an open market basis on 30 November 2022 by L D Green.

6. RESERVES
Investment
property
reserve
£   
At 1 December 2022 44,550
Revaluation 10,000
Deferred tax on investment
property (2,500 )

At 30 November 2023 52,050

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
L D Green
Balance outstanding at start of year - -
Amounts advanced 102,765 -
Amounts repaid (102,765 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The balance is subject to interest of 2% and is repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Lee Construction (LDG) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lee Construction (LDG) Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Lee Construction (LDG) Limited in accordance with the terms of our engagement letter dated 4 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Lee Construction (LDG) Limited and state those matters that we have agreed to state to the director of Lee Construction (LDG) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lee Construction (LDG) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lee Construction (LDG) Limited. You consider that Lee Construction (LDG) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lee Construction (LDG) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


26 July 2024