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Registration number: 06366977

Lyon Property Group Limited

Unaudited Filleted Financial Statements

for the Period from 30 September 2022 to 28 September 2023

 

Lyon Property Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Lyon Property Group Limited

Company Information

Directors

Mrs Nichola Jane Lyon

Mr Martin Andrew Lyon

Company secretary

Mrs Nichola Jane Lyon

Registered office

16 Crowther Drive
Winstanley
Wigan
Lancashire
WN3 6LY

Accountants

McGinty Demack
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

Lyon Property Group Limited

(Registration number: 06366977)
Balance Sheet as at 28 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,691

2,019

Current assets

 

Debtors

5

22,497

22,469

Investments

6

5,500

5,500

Cash at bank and in hand

 

86

349

 

28,083

28,318

Creditors: Amounts falling due within one year

7

(15,277)

(24,312)

Net current assets

 

12,806

4,006

Total assets less current liabilities

 

14,497

6,025

Creditors: Amounts falling due after more than one year

7

(10,980)

-

Net assets

 

3,517

6,025

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

3,515

6,023

Shareholders' funds

 

3,517

6,025

For the financial period ending 28 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Lyon Property Group Limited

(Registration number: 06366977)
Balance Sheet as at 28 September 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 July 2024 and signed on its behalf by:
 

.........................................
Mrs Nichola Jane Lyon
Company secretary and director

.........................................
Mr Martin Andrew Lyon
Director

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
16 Crowther Drive
Winstanley
Wigan
Lancashire
WN3 6LY
United Kingdom

The principal place of business is:
16 Crowther Drive
Winstanley
Wigan
Lancashire
WN3 6LY
United Kingdom

These financial statements were authorised for issue by the Board on 16 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

Adjusting events after the financial period

A special resolution was passed on 8 May 2024 to change the company name to Lyon Property Group Limited.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2022 - 1).

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 30 September 2022

9,111

5,978

15,089

At 28 September 2023

9,111

5,978

15,089

Depreciation

At 30 September 2022

7,345

5,725

13,070

Charge for the period

265

63

328

At 28 September 2023

7,610

5,788

13,398

Carrying amount

At 28 September 2023

1,501

190

1,691

At 29 September 2022

1,766

253

2,019

5

Debtors

Current

2023
£

2022
£

Other debtors

22,497

22,469

 

22,497

22,469

6

Current asset investments

2023
£

2022
£

Shares in group undertakings

5,500

5,500

7

Creditors

Creditors: amounts falling due within one year

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2022 to 28 September 2023

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

-

14,914

Taxation and social security

 

-

1,618

Accruals and deferred income

 

676

1,080

Other creditors

 

14,601

6,700

 

15,277

24,312

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

10,980

-

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

10,980

-

Current loans and borrowings

2023
£

2022
£

Bank borrowings

-

14,914