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REGISTERED NUMBER: 05570738 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Lebus Furniture Limited

Lebus Furniture Limited (Registered number: 05570738)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lebus Furniture Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: H Van Der Veen
J Brewster
K F Walker
N M Cawood





SECRETARY: N M Cawood





REGISTERED OFFICE: Queensway Industrial Estate
Dunlop Way
Scunthorpe
North Lincolnshire
DN16 3RN





REGISTERED NUMBER: 05570738 (England and Wales)

Lebus Furniture Limited (Registered number: 05570738)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 4,500,000 4,500,000
4,500,002 4,500,002

CREDITORS
Amounts falling due within one year 6 3,039,733 3,302,664
NET CURRENT LIABILITIES (3,039,733 ) (3,302,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,269

1,197,338

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,460,268 1,197,337
SHAREHOLDERS' FUNDS 1,460,269 1,197,338

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 19 September 2024 and were signed on its behalf by:





N M Cawood - Director


Lebus Furniture Limited (Registered number: 05570738)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lebus Furniture 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

This information is included in the consolidated financial statements of Lebus Upholstery Limited as at 31 December 2023 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 4 (2022 - 5 ) .

Lebus Furniture Limited (Registered number: 05570738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

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

Dunlop Properties Limited
Registered office: Queensway Industrial Estate, Dunlop Way, Scunthorpe, North Lincolnshire, DN16 3RN
Nature of business: Dormant company
%
Class of shares: holding
Ordinary share 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1 1

Dunlop Properties (No. 2) Limited
Registered office: Queensway Industrial Estate, Dunlop Way, Scunthorpe, North Lincolnshire, DN16 3RN
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 4,500,000
NET BOOK VALUE
At 31 December 2023 4,500,000
At 31 December 2022 4,500,000

The directors consider the valuation of the investment property remains accurate and no adjustment is needed.

Lebus Furniture Limited (Registered number: 05570738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 2,929,928 3,195,633
Taxation and social security 80,862 81,628
Other creditors 28,943 25,403
3,039,733 3,302,664

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jennifer Toulson FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Chartered Accountants

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company Lebus Upholstery Limited, Queensway Industrial Estate, Dunlop Way, Scunthorpe, N Lincolnshire, DN16 3RN. Lebus Upholstery Limited does not have an ultimate controlling party.