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REGISTERED NUMBER: 12744003 (England and Wales)















L H Evans Properties Limited

Financial Statements for the Year Ended 31 March 2024






L H Evans Properties Limited (Registered number: 12744003)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L H Evans Properties Limited

Company Information
for the Year Ended 31 March 2024







Director: A S L Evans





Registered office: L H Evans
Ocean Way
Ocean Park
Cardiff
CF24 5HH





Registered number: 12744003 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

L H Evans Properties Limited (Registered number: 12744003)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 5 2,065,150 2,103,288

Current assets
Debtors 6 1,535,870 1,323,883
Cash at bank 9,947 10,000
1,545,817 1,333,883
Creditors
Amounts falling due within one year 7 (3,486,796 ) (3,327,368 )
Net current liabilities (1,940,979 ) (1,993,485 )
Total assets less current liabilities 124,171 109,803

Capital and reserves
Called up share capital 8 1 1
Retained earnings 124,170 109,802
Shareholders' funds 124,171 109,803

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 director and authorised for issue on 4 October 2024 and were signed by:





A S L Evans - Director


L H Evans Properties Limited (Registered number: 12744003)

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

1. Statutory information

L H Evans 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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts received from property letting.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income,except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, in this case,tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount,the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

3. Employees and directors

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

L H Evans Properties Limited (Registered number: 12744003)

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

4. Auditors' remuneration
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

4,000

4,000

5. Tangible fixed assets
Freehold
property
£   
Cost
At 1 April 2023
and 31 March 2024 2,223,625
Depreciation
At 1 April 2023 120,337
Charge for year 38,138
At 31 March 2024 158,475
Net book value
At 31 March 2024 2,065,150
At 31 March 2023 2,103,288

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 1,535,870 1,323,883

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings 3,462,803 3,323,364
Tax 15,993 5
Other creditors and accruals 8,000 3,999
3,486,796 3,327,368

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

10. Ultimate controlling party

The company's ultimate parent is L.H. Evans Holdings Ltd,which is incorporated in the UK. The registered office and principal place of business of the parent company is L H Evans,Ocean Way, Ocean Park, Cardiff, CF24 5HH. Copies of the financial statements of both companies are available from Companies house, Crown Way, Cardiff CF14 3UZ.

The Directors have determined that there is no controlling party as no individual shareholder is considered to hold a controlling interest in the Company.