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REGISTERED NUMBER: 13848974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LEMON STREET PROPERTY INVESTMENTS LTD

LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEMON STREET PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: L J Stapleton





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 13848974 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 142,413 74,471

CURRENT ASSETS
Debtors 5 - 75
Cash at bank 5,709 4,933
5,709 5,008
CREDITORS
Amounts falling due within one year 6 60,470 124,651
NET CURRENT LIABILITIES (54,761 ) (119,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,652

(45,172

)

CREDITORS
Amounts falling due after more than one
year

7

104,268

-
NET LIABILITIES (16,616 ) (45,172 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,716 ) (45,272 )
(16,616 ) (45,172 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





L J Stapleton - Director


LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)

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

1. STATUTORY INFORMATION

Lemon Street Property Investments 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.

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.

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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the director.

LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 74,471
Additions 142,413
Disposals (74,471 )
At 31 January 2024 142,413
NET BOOK VALUE
At 31 January 2024 142,413
At 31 January 2023 74,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 75

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 61,375
Directors' current accounts 59,090 61,776
Accruals and deferred income 1,380 1,500
60,470 124,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans more 5yrs instal 104,268 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 104,268 -

LEMON STREET PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 13848974)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 104,268 -

The Mortgage Works (UK) Plc holds a fixed charge over Flat 3, 25 Old Bath Road, Cheltenham, GL53 7QE. This charge contains a negative pledge.

Shawbrook Bank Limited holds a fixed charge over 46 Maddox Street, Tonypandy, Mid Glamorgan, CF40 2RS. This charge contains a negative pledge. This property has now been sold and the loan with Shawbrook Bank has been cleared but is still to be satisfied.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
L J Stapleton
Balance outstanding at start of year (61,777 ) -
Amounts advanced 52,000 2,220
Amounts repaid (49,313 ) (63,997 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (59,090 ) (61,777 )

No interest has been charged on the above balance and there are no set repayment terms.