Lefebvre Investments Limited 03888025 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company during the year was that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 03888025 2023-01-01 2023-12-31 03888025 2023-12-31 03888025 core:CurrentFinancialInstruments 2023-12-31 03888025 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03888025 bus:SmallEntities 2023-01-01 2023-12-31 03888025 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03888025 bus:FilletedAccounts 2023-01-01 2023-12-31 03888025 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03888025 bus:RegisteredOffice 2023-01-01 2023-12-31 03888025 bus:Director2 2023-01-01 2023-12-31 03888025 bus:Director3 2023-01-01 2023-12-31 03888025 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03888025 countries:EnglandWales 2023-01-01 2023-12-31 03888025 2022-12-31 03888025 2022-01-01 2022-12-31 03888025 2022-12-31 03888025 core:CurrentFinancialInstruments 2022-12-31 03888025 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03888025

Lefebvre Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Lefebvre Investments Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Lefebvre Investments Limited

Company Information

Directors

P D Jackson

G J Jackson

Registered office

Top Floor
Accounts Dept
2-4 Court Yard
Eltham, London
SE9 5PZ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Lefebvre Investments Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

6,640,000

7,035,000

Current assets

 

Debtors

5

17,870

25,038

Cash at bank and in hand

 

195,278

174,091

 

213,148

199,129

Creditors: Amounts falling due within one year

6

(78,871)

(124,257)

Net current assets

 

134,277

74,872

Total assets less current liabilities

 

6,774,277

7,109,872

Provisions for liabilities

(818,622)

(917,372)

Net assets

 

5,955,655

6,192,500

Capital and reserves

 

Called up share capital

14

14

Retained earnings

5,955,641

6,192,486

Shareholders' funds

 

5,955,655

6,192,500

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Lefebvre Investments Limited

Statement of Financial Position as at 31 December 2023

Approved and authorised by the Board on 17 October 2024 and signed on its behalf by:
 

.........................................

P D Jackson

Director

Company registration number: 03888025

 

Lefebvre Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Top Floor
Accounts Dept
2-4 Court Yard
Eltham, London
SE9 5PZ

The principal activity of the company during the year was that of property investment.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 31 December 2023 amounting to £5,955,655.

The company has continued to receive rental income throughout the year sufficient to meet its working capital requirements and the directors expect this situation to continue.

The directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company’s activities.

The company recognises rental income evenly over the period of the lease or licence.

 

Lefebvre Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuation uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

Lefebvre Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investment properties

Fair value

2023
£

At 1 January 2023

7,035,000

Fair value adjustments

(395,000)

At 31 December 2023

6,640,000

The investment properties are reflected at fair value at 31 December 2023 as estimated by the directors at an amount of £6,640,000 based on their knowledge and experience of the property market.

5

Debtors

2023
£

2022
£

Other debtors

17,870

25,038

17,870

25,038

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

18,389

29,375

Accruals and deferred income

59,281

93,681

Other creditors

1,201

1,201

78,871

124,257

7

Profit and loss account

At 31 December 2023 an amount of £3,983,985 (2022: £4,280,235) within the profit and loss account is non-distributable.