Acorah Software Products - Accounts Production 15.0.600 false true true false 30 June 2022 30 June 2023 30 June 2023 14205013 Mr Benjamin Greaves Mr Thomas Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14205013 2022-06-29 14205013 2023-06-30 14205013 2022-06-30 2023-06-30 14205013 frs-core:CurrentFinancialInstruments 2023-06-30 14205013 frs-core:ShareCapital 2023-06-30 14205013 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 14205013 frs-bus:PrivateLimitedCompanyLtd 2022-06-30 2023-06-30 14205013 frs-bus:FilletedAccounts 2022-06-30 2023-06-30 14205013 frs-bus:SmallEntities 2022-06-30 2023-06-30 14205013 frs-bus:AuditExempt-NoAccountantsReport 2022-06-30 2023-06-30 14205013 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-30 2023-06-30 14205013 frs-bus:Director1 2022-06-30 2023-06-30 14205013 frs-bus:Director2 2022-06-30 2023-06-30 14205013 frs-countries:EnglandWales 2022-06-30 2023-06-30
Registered number: 14205013
Lrg Property Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14205013
2023
Notes £ £
FIXED ASSETS
Investment Properties 4 345,000
345,000
CURRENT ASSETS
Debtors 5 4,936
Cash at bank and in hand 2,100
7,036
Creditors: Amounts Falling Due Within One Year 6 (426,313 )
NET CURRENT ASSETS (LIABILITIES) (419,277 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,277 )
NET LIABILITIES (74,277 )
CAPITAL AND RESERVES
Called up share capital 8 300
Profit and Loss Account (74,577 )
SHAREHOLDERS' FUNDS (74,277)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Greaves
Director
09/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lrg Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14205013 . The registered office is 115 Monkhams Avenue, Woodford Green, IG8 0ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Investment Properties
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 the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Investment Property
2023
£
Fair Value
As at 30 June 2022 -
Additions 372,352
Revaluations (27,352)
As at 30 June 2023 345,000
5. Debtors
2023
£
Due within one year
Prepayments and accrued income 4,799
Other debtors 137
4,936
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023
£
Bank loans and overdrafts 240,790
Directors' loan accounts 185,523
426,313
7. Secured Creditors
Of the creditors falling due within one year the following amount is secured by a fixed charge over the investment property. The loan is interest only with a term of 12 months.
2023
£
Bank loans and overdrafts 240,790
8. Share Capital
2023
£
Allotted, Called up and fully paid 300
Page 3