Registered number
09147861
Lisle Agencies Limited
Filleted Accounts
31 December 2023
Lisle Agencies Limited
Registered number: 09147861
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,452,055 1,453,248
Current assets
Debtors 4 4,576 4,968
Cash at bank and in hand 10,153 25,294
14,729 30,262
Creditors: amounts falling due within one year 5 (32,521) (83,421)
Net current liabilities (17,792) (53,159)
Total assets less current liabilities 1,434,263 1,400,089
Creditors: amounts falling due after more than one year 6 (650,000) (650,000)
Provisions for liabilities (92,894) (93,121)
Net assets 691,369 656,968
Capital and reserves
Called up share capital 100 100
Profit and loss account 691,269 656,868
Shareholder's funds 691,369 656,968
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Lisle
Director
Approved by the board on 26 July 2024
Lisle Agencies Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
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 are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 1,450,000 5,720 1,455,720
At 31 December 2023 1,450,000 5,720 1,455,720
Depreciation
At 1 January 2023 - 2,472 2,472
Charge for the year - 1,193 1,193
At 31 December 2023 - 3,665 3,665
Net book value
At 31 December 2023 1,450,000 2,055 1,452,055
At 31 December 2022 1,450,000 3,248 1,453,248
Freehold land and buildings: 2023 2022
£ £
Historical cost 963,139 963,139
Cumulative depreciation based on historical cost - -
963,139 963,139
The assets were valued in 2022.
4 Debtors 2023 2022
£ £
Other debtors 4,576 4,968
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 8,530 8,723
Other creditors 23,991 74,698
32,521 83,421
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 650,000 650,000
7 Other information
Lisle Agencies Limited is a private company limited by shares and incorporated in England. Its registered office is:
41 Ullenhall Road
Knowle
Solihull
B93 9JD
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