Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-302023-12-302022-12-31false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00476283 2022-12-31 2023-12-30 00476283 2021-12-31 2022-12-30 00476283 2023-12-30 00476283 2022-12-30 00476283 c:Director1 2022-12-31 2023-12-30 00476283 d:OfficeEquipment 2022-12-31 2023-12-30 00476283 d:OfficeEquipment 2023-12-30 00476283 d:OfficeEquipment 2022-12-30 00476283 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-31 2023-12-30 00476283 d:FreeholdInvestmentProperty 2023-12-30 00476283 d:FreeholdInvestmentProperty 2022-12-30 00476283 d:CurrentFinancialInstruments 2023-12-30 00476283 d:CurrentFinancialInstruments 2022-12-30 00476283 d:CurrentFinancialInstruments 2 2023-12-30 00476283 d:CurrentFinancialInstruments 2 2022-12-30 00476283 d:Non-currentFinancialInstruments 2023-12-30 00476283 d:Non-currentFinancialInstruments 2022-12-30 00476283 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 00476283 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 00476283 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 00476283 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-30 00476283 d:ShareCapital 2023-12-30 00476283 d:ShareCapital 2022-12-30 00476283 d:RetainedEarningsAccumulatedLosses 2023-12-30 00476283 d:RetainedEarningsAccumulatedLosses 2022-12-30 00476283 c:FRS102 2022-12-31 2023-12-30 00476283 c:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 00476283 c:FullAccounts 2022-12-31 2023-12-30 00476283 c:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 00476283 2 2022-12-31 2023-12-30 00476283 4 2022-12-31 2023-12-30 00476283 f:PoundSterling 2022-12-31 2023-12-30 iso4217:GBP xbrli:pure

Registered number: 00476283










M. LESSER & SON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

 
M. LESSER & SON LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
M. LESSER & SON LIMITED
REGISTERED NUMBER: 00476283

BALANCE SHEET
AS AT 30 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
149
166

Investment property
 5 
226,868
226,868

  
227,017
227,034

Current assets
  

Debtors: amounts falling due within one year
 6 
850
198

Cash at bank and in hand
  
2,157
6,345

  
3,007
6,543

Creditors: amounts falling due within one year
 7 
(314,727)
(310,526)

Net current liabilities
  
 
 
(311,720)
 
 
(303,983)

Total assets less current liabilities
  
(84,703)
(76,949)

Creditors: amounts falling due after more than one year
 8 
(15,696)
(18,402)

  

Net liabilities
  
(100,399)
(95,351)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(110,399)
(105,351)

  
(100,399)
(95,351)


Page 1

 
M. LESSER & SON LIMITED
REGISTERED NUMBER: 00476283
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D.M. Lesser
Director

Date: 20 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1.


General information

M. Lesser & Son Limited (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD and the principal place of business is 6 Anker Court, Bonehill Road, Tamworth, Staffordshire, B78 3HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is dependent upon a loan from one of the directors, who has indicated that he will continue to provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial statement have been prepared on a going concern basis.

 
2.3

Rental income

Rental income is recognised in the Statement of comprehensive income on a receivable basis.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers or directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost 


At 31 December 2022
2,301



At 30 December 2023

2,301



Depreciation


At 31 December 2022
2,135


Charge for the year on owned assets
17



At 30 December 2023

2,152



Net book value



At 30 December 2023
149



At 30 December 2022
166

Page 5

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 31 December 2022
226,868



At 30 December 2023
226,868

The 2023 valuations were made by the directors, on an open market value for existing use basis.

The company's freehold investment property is included at fair value, which in the opinion of the directors is not materially different from the original cost.







6.


Debtors

2023
2022
£
£


Trade debtors
850
-

Other debtors
-
198

850
198


Page 6

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
2,770
2,801

Trade creditors
2,208
-

Corporation tax
2,813
9,708

Other taxation and social security
7,012
7,256

Other creditors
249,924
240,761

Share capital treated as debt
50,000
50,000

314,727
310,526


The following liabilities were secured:

2023
2022
£
£



Bank loan
2,770
2,801

Details of security provided:

The bank loan is secured by a government guarantee.

Page 7

 
M. LESSER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
15,696
18,402


The following liabilities were secured:

2023
2022
£
£



Bank loan
15,696
18,402

Details of security provided:

The bank loan is secured by a government guarantee.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
3,906
6,466

The bank loan is repayable by instalments over a ten year period at an interest rate of 2.5% per annum. £3,906 is the payable amount still remaining five years from the balance sheet date.

 
Page 8