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REGISTERED NUMBER: 06531741 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lifestyle Property Agents Limited

Lifestyle Property Agents Limited (Registered number: 06531741)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lifestyle Property Agents Limited (Registered number: 06531741)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 70,181 50,936

CURRENT ASSETS
Debtors 5 60,901 -
Cash at bank 798,178 944,356
859,079 944,356
CREDITORS
Amounts falling due within one year 6 (496,177 ) (592,056 )
NET CURRENT ASSETS 362,902 352,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,083

403,236

PROVISIONS FOR LIABILITIES (4,589 ) (1,484 )
NET ASSETS 428,494 401,752

CAPITAL AND RESERVES
Called up share capital 120 120
Capital redemption reserve 110 110
Retained earnings 428,264 401,522
SHAREHOLDERS' FUNDS 428,494 401,752

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.

Lifestyle Property Agents Limited (Registered number: 06531741)

Balance Sheet - continued
31 March 2024


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 30 September 2024 and were signed on its behalf by:





C Sandford - Director


Lifestyle Property Agents Limited (Registered number: 06531741)

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

1. STATUTORY INFORMATION

Lifestyle Property Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06531741

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents net invoiced sales, excluding value added tax, of sales made in the period.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or 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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Lifestyle Property Agents Limited (Registered number: 06531741)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 45,000 32,169 5,970 83,139
Additions 6,825 19,289 - 26,114
At 31 March 2024 51,825 51,458 5,970 109,253
DEPRECIATION
At 1 April 2023 - 29,045 3,158 32,203
Charge for year - 5,603 1,266 6,869
At 31 March 2024 - 34,648 4,424 39,072
NET BOOK VALUE
At 31 March 2024 51,825 16,810 1,546 70,181
At 31 March 2023 45,000 3,124 2,812 50,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,901 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,932 7,281
Taxation and social security 94,179 94,069
Other creditors 390,066 490,706
496,177 592,056

7. OTHER FINANCIAL COMMITMENTS

The total financial commitments at the year end is £14,611 (2023: £22,961)

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a directors subsisted during the year ended 31st March 2024 and the year ended 31st March 2023:

20242023
Director 1£   £   

Amounts Advanced280,53964,064
Amounts Repaid(200,777)(376,470)

The loans to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.