PTP Accounts Production v24.1.4.33 13860303 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138603032022-12-31138603032023-12-31138603032023-01-012023-12-31138603032022-01-19138603032022-01-202022-12-31138603032022-12-3113860303ns15:EnglandWales2023-01-012023-12-3113860303ns14:PoundSterling2023-01-012023-12-3113860303ns10:Director12023-01-012023-12-3113860303ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113860303ns10:SmallEntities2023-01-012023-12-3113860303ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113860303ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113860303ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113860303ns10:FullAccounts2023-01-012023-12-3113860303ns10:RegisteredOffice2023-01-012023-12-3113860303ns5:CurrentFinancialInstruments2023-12-3113860303ns5:CurrentFinancialInstruments2022-12-3113860303ns5:Non-currentFinancialInstruments2023-12-3113860303ns5:Non-currentFinancialInstruments2022-12-3113860303ns5:ShareCapital2023-12-3113860303ns5:ShareCapital2022-12-3113860303ns5:RetainedEarningsAccumulatedLosses2023-12-3113860303ns5:RetainedEarningsAccumulatedLosses2022-12-3113860303ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113860303ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13860303 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LBH LETTINGS LTD

LBH LETTINGS LTD (REGISTERED NUMBER: 13860303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


LBH LETTINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A J Hunt





REGISTERED OFFICE: 124 High Street
Cowes
Isle of Wight
PO31 7AY





REGISTERED NUMBER: 13860303 (England and Wales)





ACCOUNTANTS: Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ

LBH LETTINGS LTD (REGISTERED NUMBER: 13860303)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 591,827 -

CURRENT ASSETS
Debtors 5 - 1
Cash at bank 40,700 15,670
40,700 15,671
CREDITORS
Amounts falling due within one year 6 (30,802 ) (3,234 )
NET CURRENT ASSETS 9,898 12,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,725

12,437

CREDITORS
Amounts falling due after more than one
year

7

(565,999

)

-
NET ASSETS 35,726 12,437

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 35,725 12,436
35,726 12,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LBH LETTINGS LTD (REGISTERED NUMBER: 13860303)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





A J Hunt - Director


LBH LETTINGS LTD (REGISTERED NUMBER: 13860303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

LBH Lettings Ltd 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 haver been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention..

The presentation currency of the financial statements is the Pound Sterling (£)

Going concern
After detailed consideration, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future (being the 12 month period from the date these accounts are approved) and therefore to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

LBH LETTINGS LTD (REGISTERED NUMBER: 13860303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 591,827
At 31 December 2023 591,827
NET BOOK VALUE
At 31 December 2023 591,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,619 317
Taxation and social security 5,463 2,917
Other creditors 720 -
30,802 3,234

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 565,999 -

8. RELATED PARTY DISCLOSURES

During the year A Hunt,, a director of the company, loaned £565,999 to the company on a long term basis. No interest is chargeable on the loan. The balance due to A Hunt at 31 December 20223 was £565,999.