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Company Registration No. 13715153 (England and Wales)
Lesmurdie Investments Limited Unaudited accounts for the year ended 30 November 2023
Lesmurdie Investments Limited Unaudited accounts Contents
Page
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Lesmurdie Investments Limited Company Information for the year ended 30 November 2023
Director
R D Sharp
Company Number
13715153 (England and Wales)
Registered Office
129 High Street Guildford GU1 3AA England
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Lesmurdie Investments Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
848,170 
848,170 
Current assets
Debtors
2,000 
- 
Cash at bank and in hand
36,860 
23,850 
38,860 
23,850 
Creditors: amounts falling due within one year
(862,712)
(859,446)
Net current liabilities
(823,852)
(835,596)
Net assets
24,318 
12,574 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,218 
12,474 
Shareholders' funds
24,318 
12,574 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
R D Sharp Director Company Registration No. 13715153
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Lesmurdie Investments Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Lesmurdie Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 13715153. The registered office is 129 High Street, Guildford, GU1 3AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
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Lesmurdie Investments Limited Notes to the Accounts for the year ended 30 November 2023
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Investment properties (note 4) Investment properties are valued annually by the director against the market, but there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
848,170 
At 30 November 2023
848,170 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
2,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,755 
2,926 
Other creditors
5,950 
5,950 
Loans from directors
852,007 
848,070 
Accruals
2,000 
2,500 
862,712 
859,446 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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