IRIS Accounts Production v24.2.0.383 04974851 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049748512023-03-31049748512024-03-31049748512023-04-012024-03-31049748512022-03-31049748512022-04-012023-03-31049748512023-03-3104974851ns15:EnglandWales2023-04-012024-03-3104974851ns14:PoundSterling2023-04-012024-03-3104974851ns10:Director12023-04-012024-03-3104974851ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104974851ns10:SmallEntities2023-04-012024-03-3104974851ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104974851ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104974851ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104974851ns10:FullAccounts2023-04-012024-03-3104974851ns5:JointVenture12023-04-012024-03-3104974851ns10:Director22023-04-012024-03-3104974851ns10:Director32023-04-012024-03-3104974851ns10:Director42023-04-012024-03-3104974851ns10:CompanySecretary12023-04-012024-03-3104974851ns10:RegisteredOffice2023-04-012024-03-3104974851ns5:CurrentFinancialInstruments2024-03-3104974851ns5:CurrentFinancialInstruments2023-03-3104974851ns5:Non-currentFinancialInstruments2024-03-3104974851ns5:Non-currentFinancialInstruments2023-03-3104974851ns5:ShareCapital2024-03-3104974851ns5:ShareCapital2023-03-3104974851ns5:RetainedEarningsAccumulatedLosses2024-03-3104974851ns5:RetainedEarningsAccumulatedLosses2023-03-3104974851ns5:CostValuation2024-03-3104974851ns5:JointVenture112023-04-012024-03-3104974851ns5:JointVenture12024-03-3104974851ns5:JointVenture12023-03-3104974851ns5:JointVenture12022-04-012023-03-3104974851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104974851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104974851ns5:Secured2024-03-3104974851ns5:Secured2023-03-31
REGISTERED NUMBER: 04974851 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEWIS CAHILL LIMITED

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEWIS CAHILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: B Howard
Mrs D Howard
D Howard
Mrs M King





SECRETARY: B Howard





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 04974851 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,092,519 1,092,519
1,092,520 1,092,520

CURRENT ASSETS
Debtors 6 28,029 24,324
Cash at bank 14,390 12,848
42,419 37,172
CREDITORS
Amounts falling due within one year 7 14,625 13,587
NET CURRENT ASSETS 27,794 23,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,120,314

1,116,105

CREDITORS
Amounts falling due after more than one
year

8

878,667

898,497
NET ASSETS 241,647 217,608

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 240,647 216,608
SHAREHOLDERS' FUNDS 241,647 217,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs D Howard - Director


LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024


1. STATUTORY INFORMATION

Lewis Cahill 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.

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 the company's share of the joint venture investment rental income and rent from wholly owned investment property.

Investments in associates
The company owns 25% interest of a joint venture commercial and residential property investment. This share of the rental income and costs is accounted for in the financial statements

The company's share of assets and liabilities of the joint venture development are included in the balance sheet.

Investment property
The company's equity share in property investment is shown at cost or valuation.

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 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 (2023 - NIL).

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Lower Street Investments Limited
Registered office: The Offices 19-21 High Street Haslemere Surrey GU27 2AB
Nature of business: property investment
%
Class of shares: holding
Ordinary 25.00
2024 2023
£    £   
Aggregate capital and reserves 4 4
Profit for the year 97,348 87,517

This represents 25% investment of a joint venture property development.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,092,519
NET BOOK VALUE
At 31 March 2024 1,092,519
At 31 March 2023 1,092,519

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 1,092,519

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 979,229 979,229

The joint venture properties were valued on an open market basis basis on 9 December 2019 by professional valuers .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 357 357

Amounts falling due after more than one year:
Amounts owed by associates 27,672 23,967

Aggregate amounts 28,029 24,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,620 7,620
Taxation and social security 4,915 3,862
Other creditors 2,090 2,105
14,625 13,587

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 188,344 196,674
Amounts owed to participating interests 140,000 140,000
Other creditors 550,323 561,823
878,667 898,497

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 159,344 167,674

LEWIS CAHILL LIMITED (REGISTERED NUMBER: 04974851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 195,964 204,294
Joint venture loans 400,000 400,000
595,964 604,294

The joint venture loan is secured by a charge over the joint venture investment property.

10. RELATED PARTY DISCLOSURES

The company rents an investment property to Marley Flowers Ltd a UK registered company. Mrs M King is the director and PSC of Marley Flowers Ltd. The rental income received in the year was £18,560 (2023- £18,560).

Mrs M King has provided an interest free loan of £87,519 (2023 - 87,519) to the company. This loan has no fixed date for repayment.

Mr & Mrs B & D Howard have provided loans to the company.The outstanding balance at the year end was £62,804 (2023 - £74,304). These loans have no fixed date for repayment.

An interest free loan of £140,000 (2023 - £140,000) has been made by The Howard Discretionary Trust 2013. There is no fixed date for repayment and is regarded as not repayable within one year.