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REGISTERED NUMBER: 11657034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Life Begins Limited

Life Begins Limited (Registered number: 11657034)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Life Begins Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Miss H A Shute





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 11657034 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Life Begins Limited (Registered number: 11657034)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,550 8,187
Investment property 5 636,975 636,975
643,525 645,162

CURRENT ASSETS
Debtors 6 - 564
Cash at bank 2,458 9,943
2,458 10,507
CREDITORS
Amounts falling due within one year 7 276,859 275,338
NET CURRENT LIABILITIES (274,401 ) (264,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,124

380,331

CREDITORS
Amounts falling due after more than one year 8 (253,539 ) (276,285 )

PROVISIONS FOR LIABILITIES (1,042 ) -
NET ASSETS 114,543 104,046

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 112,203 115,070
Retained earnings 2,240 (11,124 )
114,543 104,046

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 her 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.

Life Begins Limited (Registered number: 11657034)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





Miss H A Shute - Director


Life Begins Limited (Registered number: 11657034)

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

1. STATUTORY INFORMATION

Life Begins 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
Rent is recognised in line with the period to which the rent relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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 Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Life Begins Limited (Registered number: 11657034)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 19,998
DEPRECIATION
At 1 December 2022 11,811
Charge for year 1,637
At 30 November 2023 13,448
NET BOOK VALUE
At 30 November 2023 6,550
At 30 November 2022 8,187

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 636,975
NET BOOK VALUE
At 30 November 2023 636,975
At 30 November 2022 636,975

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 110,000
Cost 526,975
636,975

If investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 526,975 526,975

Investment property was valued on an open market basis on 30 November 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 564

Life Begins Limited (Registered number: 11657034)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 21,942 21,434
Other creditors 254,917 253,904
276,859 275,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 253,539 276,285

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 165,772 190,550

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 275,481 297,719

Paragon Bank PLC and The Mortgage Works (UK) PLC hold charges over land and property of the company. Further details can be found on companies house.

10. RESERVES
Fair
value
reserve
£   
At 1 December 2022 115,070
Revaluation (2,867 )

At 30 November 2023 112,203