Acorah Software Products - Accounts Production 15.0.600 false true true false 24 January 2023 31 March 2024 31 March 2024 14614790 Mr Colin Serlin Mr Bhavin Thakrar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14614790 2023-01-23 14614790 2024-03-31 14614790 2023-01-24 2024-03-31 14614790 frs-core:CurrentFinancialInstruments 2024-03-31 14614790 frs-core:Non-currentFinancialInstruments 2024-03-31 14614790 frs-core:ShareCapital 2024-03-31 14614790 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14614790 frs-bus:PrivateLimitedCompanyLtd 2023-01-24 2024-03-31 14614790 frs-bus:FilletedAccounts 2023-01-24 2024-03-31 14614790 frs-bus:SmallEntities 2023-01-24 2024-03-31 14614790 frs-bus:AuditExempt-NoAccountantsReport 2023-01-24 2024-03-31 14614790 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-24 2024-03-31 14614790 frs-bus:Director1 2023-01-24 2024-03-31 14614790 frs-bus:CompanySecretary1 2023-01-24 2024-03-31 14614790 frs-countries:EnglandWales 2023-01-24 2024-03-31
Registered number: 14614790
L.B. Elstree Limited
Unaudited Financial Statements
For the Period 24 January 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14614790
31 March 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 5,147,086
5,147,086
CURRENT ASSETS
Debtors 5 281,410
Cash at bank and in hand 198,281
479,691
Creditors: Amounts Falling Due Within One Year 6 (236,099 )
NET CURRENT ASSETS (LIABILITIES) 243,592
TOTAL ASSETS LESS CURRENT LIABILITIES 5,390,678
Creditors: Amounts Falling Due After More Than One Year 7 (5,556,624 )
NET LIABILITIES (165,946 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (166,046 )
SHAREHOLDERS' FUNDS (165,946)
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Colin Serlin
Director
07/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
L.B. Elstree Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14614790 . The registered office is 16 Portland Close, Ayelsbury, HP22 7DG.
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 financial statements have been prepared on a going concern basis even though the company has net liabilites of £165,946. The validity of the going concern concept is dependant on the continuing support from creditors. The director believes that the going concern concept is applicable as the company will be able to meet its debts as and when they fall due, as they are confident that the principal creditors will continue to provide as support as requried for a period of at least 12 months from the date of approval of the financial statements. 
2.3. 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.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
31 March 2024
£
Fair Value
As at 24 January 2023 -
Additions 5,147,086
As at 31 March 2024 5,147,086
5. Debtors
31 March 2024
£
Due within one year
Other debtors 281,410
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 212,099
Other creditors 24,000
236,099
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Other loans 5,556,624
The other loan is secured by way of a fixed charge over company's investment property and a floating charge over all assets of the company.
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
9. Related Party Transactions
Creditors include a loan amount of £5,556,624 owed to L.B. Lending Limited, a company in which director Colin Serlin has an interest. The financial statements include a charge for interest of £95,776 payable to L.B. Lending Limited.
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