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REGISTERED NUMBER: 04611763 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lee Investment Properties Limited

Lee Investment Properties Limited (Registered number: 04611763)

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


Lee Investment Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J J Lee
Mrs N J Thomas





REGISTERED OFFICE: Cross Chambers
High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 04611763 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Lee Investment Properties Limited (Registered number: 04611763)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 330,000 330,000

CURRENT ASSETS
Cash at bank and in hand 11,535 6,967

CREDITORS
Amounts falling due within one year 6 160,843 160,606
NET CURRENT LIABILITIES (149,308 ) (153,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,692

176,361

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 (19,556 ) (19,556 )
Retained earnings 200,148 195,817
SHAREHOLDERS' FUNDS 180,692 176,361

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J J Lee - Director


Lee Investment Properties Limited (Registered number: 04611763)

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


1. STATUTORY INFORMATION

Lee Investment Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income, excluding value added tax.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 330,000
NET BOOK VALUE
At 31 December 2023 330,000
At 31 December 2022 330,000

The property was last valued at £330,000 on 19 April 2021.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 701 700
Taxation and social security 1,277 1,041
Other creditors 158,865 158,865
160,843 160,606

Lee Investment Properties Limited (Registered number: 04611763)

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


7. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 (19,556 )

8. RELATED PARTY DISCLOSURES

The directors' current account remained in credit throughout the year. At the year end the outstanding balance was £157,115 (2022: £157,115) and is shown in Other creditors under note 6 above.