IRIS Accounts Production v24.1.9.2 07843545 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078435452022-11-30078435452023-11-30078435452022-12-012023-11-30078435452021-11-30078435452021-12-012022-11-30078435452022-11-3007843545ns15:EnglandWales2022-12-012023-11-3007843545ns14:PoundSterling2022-12-012023-11-3007843545ns10:Director12022-12-012023-11-3007843545ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007843545ns10:SmallEntities2022-12-012023-11-3007843545ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007843545ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007843545ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007843545ns10:FullAccounts2022-12-012023-11-3007843545ns10:OrdinaryShareClass12022-12-012023-11-3007843545ns10:RegisteredOffice2022-12-012023-11-3007843545ns5:CurrentFinancialInstruments2023-11-3007843545ns5:CurrentFinancialInstruments2022-11-3007843545ns5:Non-currentFinancialInstruments2023-11-3007843545ns5:Non-currentFinancialInstruments2022-11-3007843545ns5:ShareCapital2023-11-3007843545ns5:ShareCapital2022-11-3007843545ns5:RevaluationReserve2023-11-3007843545ns5:RevaluationReserve2022-11-3007843545ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3007843545ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3007843545ns5:RetainedEarningsAccumulatedLosses2023-11-3007843545ns5:RetainedEarningsAccumulatedLosses2022-11-3007843545ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007843545ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007843545ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3007843545ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3007843545ns5:Secured2023-11-3007843545ns5:Secured2022-11-3007843545ns10:OrdinaryShareClass12023-11-3007843545ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 07843545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

LEXHAM ESTATES (UK) LIMITED

LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEXHAM ESTATES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M Lipschutz





REGISTERED OFFICE: 52b Clapton Common
Stamford Hill
London
E5 9AL





REGISTERED NUMBER: 07843545 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,477,081 1,477,081

CURRENT ASSETS
Debtors 5 273,083 216,185
Cash at bank 47,388 72,463
320,471 288,648
CREDITORS
Amounts falling due within one year 6 (821,706 ) (853,616 )
NET CURRENT LIABILITIES (501,235 ) (564,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,846

912,113

CREDITORS
Amounts falling due after more than one
year

7

(22,497

)

(31,497

)

PROVISIONS FOR LIABILITIES (7,757 ) (7,757 )
NET ASSETS 945,592 872,859

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 382,270 382,270
Fair value reserve 10 40,826 40,826
Retained earnings 10 522,396 449,663
SHAREHOLDERS' FUNDS 945,592 872,859

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.

LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)

STATEMENT OF FINANCIAL POSITION - 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.

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 22 August 2024 and were signed by:





M Lipschutz - Director


LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Lexham Estates (UK) 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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 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.

3. EMPLOYEES AND DIRECTORS

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

LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,477,081
NET BOOK VALUE
At 30 November 2023 1,477,081
At 30 November 2022 1,477,081

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 382,270
Valuation in 2020 40,825
Cost 1,053,986
1,477,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 6,772 5,707
Other debtors 266,311 210,478
273,083 216,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 38,087 24,035
Other creditors 782,089 827,091
Accrued expenses 1,530 2,490
821,706 853,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 22,497 31,497

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 22,497 31,497

Under the bank loan, £22,497 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

LEXHAM ESTATES (UK) LIMITED (REGISTERED NUMBER: 07843545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 December 2022 449,663 382,270 40,826 872,759
Profit for the year 72,733 72,733
At 30 November 2023 522,396 382,270 40,826 945,492

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Lipschutz.