Registered number
10394500
Lebanese Gardens Limited
Filleted Accounts
30 September 2023
Lebanese Gardens Limited
Registered number: 10394500
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 3,000 4,000
Tangible assets 4 11,687 15,583
14,687 19,583
Current assets
Debtors 5 19,321 32,737
Cash at bank and in hand 1,021 300
20,342 33,037
Creditors: amounts falling due within one year 6 (33,848) (34,738)
Net current liabilities (13,506) (1,701)
Total assets less current liabilities 1,181 17,882
Creditors: amounts falling due after more than one year 7 (31,745) (36,643)
Net liabilities (30,564) (18,761)
Capital and reserves
Called up share capital 1 1
Profit and loss account (30,565) (18,762)
Shareholder's funds (30,564) (18,761)
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.
Mr Karim Safwat Ahmed Ali
Director
Approved by the board on 23 September 2024
Lebanese Gardens Limited
Notes to the Accounts
for the year ended 30 September 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Grants
The accrual model has been adopted for grants receivable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 10,000
At 30 September 2023 10,000
Amortisation
At 1 October 2022 6,000
Provided during the year 1,000
At 30 September 2023 7,000
Net book value
At 30 September 2023 3,000
At 30 September 2022 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Leasehold land and buildings Fixtures, fittings, tools and equipment Total
£ £ £
Cost
At 1 October 2022 24,893 4,347 29,240
At 30 September 2023 24,893 4,347 29,240
Depreciation
At 1 October 2022 10,669 2,988 13,657
Charge for the year 3,556 340 3,896
At 30 September 2023 14,225 3,328 17,553
Net book value
At 30 September 2023 10,668 1,019 11,687
At 30 September 2022 14,224 1,359 15,583
5 Debtors 2023 2022
£ £
Other debtors 19,321 32,737
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,429 5,429
Trade creditors 2,082 (34,301)
Taxation and social security costs 19,242 19,455
Other creditors 7,095 44,155
33,848 34,738
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,745 36,643
8 Other information
Lebanese Gardens Limited is a private company limited by shares and incorporated in England. Its registered office is:
10a Vauxhall Bridge Road
London
SW1V 2SD
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