FINANCIAL PERIOD DATA REFRESH REQUIRED
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Registration number:
Lillie Rae Estates Limited
for the Period from 26 January 2023 to 30 June 2024
Lillie Rae Estates Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lillie Rae Estates Limited
(Registration number: 14619855)
Balance Sheet as at 30 June 2024
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2024 |
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Fixed assets |
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Intangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Retained earnings |
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Shareholders' funds |
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Lillie Rae Estates Limited
(Registration number: 14619855)
Balance Sheet as at 30 June 2024
For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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.
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 director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Lillie Rae Estates Limited
Notes to the Unaudited Financial Statements for the Period from 26 January 2023 to 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Revenue recognition
Turnover comprises the fair value of the consideration received in respect of rental income.
Tax
The tax expense for the period comprises of current and deferred tax.
The current 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.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investment property
Lillie Rae Estates Limited
Notes to the Unaudited Financial Statements for the Period from 26 January 2023 to 30 June 2024
Intangible assets
Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Website development |
25% reducing balance |
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Lillie Rae Estates Limited
Notes to the Unaudited Financial Statements for the Period from 26 January 2023 to 30 June 2024
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 30 June 2024 |
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Amortisation |
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Amortisation charge |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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Investment properties |
2024 |
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Additions |
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Fair value adjustments |
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At 30 June |
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There has been no valuation of investment property by an independent valuer.
Debtors |
Current |
2024 |
Prepayments |
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Lillie Rae Estates Limited
Notes to the Unaudited Financial Statements for the Period from 26 January 2023 to 30 June 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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Other creditors |
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2024 |
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Current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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Creditors: amounts falling due after more than one year
Note |
2024 |
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Due after one year |
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Loans and borrowings |
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The bank borrowings of £175,009 are secured against the following properties:
20 Wyndham Road, Stoke-on-Trent, ST3 3LX
120 Pinewood Crescent, Stoke-on-Trent, ST3 6HZ