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REGISTERED NUMBER: 08296722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023

FOR

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023







DIRECTORS: M J Godden
C L G Godden





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 08296722 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,199 1,199
Investments 5 50 50
1,249 1,249

CURRENT ASSETS
Debtors 6 120,329 101,324
Cash at bank and in hand 181,100 23,321
301,429 124,645
CREDITORS
Amounts falling due within one year 7 72,354 20,739
NET CURRENT ASSETS 229,075 103,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,324

105,155

CREDITORS
Amounts falling due after more than one
year

8

113,603

-
NET ASSETS 116,721 105,155

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 116,611 105,045
116,721 105,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




J Godden - Director



M J Godden - Director


CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Charles Lucas Property Management 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
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. Against the backdrop of the COVID-19 Pandemic the directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
The investment represents shares owned in South Coast Homes East Sussex Limited (12811931). The company owns 50% of issued share capital.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 30 November 2023 1,199
NET BOOK VALUE
At 30 November 2023 1,199
At 31 July 2023 1,199

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 30 November 2023 50
NET BOOK VALUE
At 30 November 2023 50
At 31 July 2023 50

The investment represents shares owned in South Coast Homes East Sussex Limited (12811931).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.7.23
£    £   
Other debtors 120,329 100,712
Directors' current accounts - 612
120,329 101,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 26,360 -
Trade creditors 2,068 -
Tax 25,981 19,617
Social security and other taxes 6,826 724
Directors' current accounts 8,419 37
Accrued expenses 2,700 361
72,354 20,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 31.7.23
£    £   
Bank loans (see note 9) 113,603 -

CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 08296722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 NOVEMBER 2023

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,360 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 43,671 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 69,932 -

10. RELATED PARTY DISCLOSURES

At the year end the company owed the directors £8,418 ( 2022 £352), there are no terms attached to the amount.

The company received dividends from South Coast Homes East Sussex Limited, a company in which a 50% shareholding is held.

During the year the company invoiced £35,432 (2022:£34,181)to South Coast Homes East Sussex Limited for work undertaken.

During the year the company was invoiced £14,237 ( 2022: £14,424)by A & A Cleaning and Property Services Limited for services provided. A & A Cleaning and Property Services Limited has a director, Mr Anthony Hickman, who is also a director of South Coast Homes East Sussex Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHARLES LUCAS PROPERTY MANAGEMENT
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charles Lucas Property Management Limited for the period ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Charles Lucas Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Charles Lucas Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Charles Lucas Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charles Lucas Property Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charles Lucas Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Charles Lucas Property Management Limited. You consider that Charles Lucas Property Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Charles Lucas Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


14 October 2024