IRIS Accounts Production v24.1.9.2 11908332 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119083322023-03-31119083322024-03-31119083322023-04-012024-03-31119083322022-03-31119083322022-04-012023-03-31119083322023-03-3111908332ns15:EnglandWales2023-04-012024-03-3111908332ns14:PoundSterling2023-04-012024-03-3111908332ns10:Director12023-04-012024-03-3111908332ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111908332ns10:SmallEntities2023-04-012024-03-3111908332ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111908332ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111908332ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111908332ns10:FullAccounts2023-04-012024-03-3111908332ns10:Director22023-04-012024-03-3111908332ns10:Director32023-04-012024-03-3111908332ns10:RegisteredOffice2023-04-012024-03-3111908332ns5:CurrentFinancialInstruments2024-03-3111908332ns5:CurrentFinancialInstruments2023-03-3111908332ns5:Non-currentFinancialInstruments2024-03-3111908332ns5:Non-currentFinancialInstruments2023-03-3111908332ns5:ShareCapital2024-03-3111908332ns5:ShareCapital2023-03-3111908332ns5:RetainedEarningsAccumulatedLosses2024-03-3111908332ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 11908332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lions Property Limited

Lions Property Limited (Registered number: 11908332)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lions Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Sonia Mavi
Mrs Margaret Mavi
Dr Balraj Mavi





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
West Midlands
WS4 2LA





REGISTERED NUMBER: 11908332 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Lions Property Limited (Registered number: 11908332)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investment property 4 191,105 191,105

CURRENT ASSETS
Cash at bank and in hand 22,162 23,518

CREDITORS
Amounts falling due within one year 5 (90,831 ) (90,830 )
NET CURRENT LIABILITIES (68,669 ) (67,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,436

123,793

CREDITORS
Amounts falling due after more than
one year

6

(126,050

)

(126,050

)
NET LIABILITIES (3,614 ) (2,257 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,714 ) (2,357 )
(3,614 ) (2,257 )

Lions Property Limited (Registered number: 11908332)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Dr Balraj Mavi - Director


Lions Property Limited (Registered number: 11908332)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Lions Property 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.

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 includes rent charged during the year.

Investment property
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No deprecation is provided for. changes in fair value are recognised in the profit and loss account.

Going concern disclosure
The directors have not indentified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 191,105
NET BOOK VALUE
At 31 March 2024 191,105
At 31 March 2023 191,105

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 90,831 90,830

Lions Property Limited (Registered number: 11908332)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 126,050 126,050

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 126,050 126,050