Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08240744 2023-04-01 2024-03-31 08240744 2024-03-31 08240744 2022-04-01 2023-03-31 08240744 2023-03-31 08240744 c:Director1 2023-04-01 2024-03-31 08240744 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08240744 d:OtherPropertyPlantEquipment 2024-03-31 08240744 d:OtherPropertyPlantEquipment 2023-03-31 08240744 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08240744 d:FreeholdInvestmentProperty 2024-03-31 08240744 d:FreeholdInvestmentProperty 2023-03-31 08240744 d:CurrentFinancialInstruments 2024-03-31 08240744 d:CurrentFinancialInstruments 2023-03-31 08240744 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08240744 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08240744 d:ShareCapital 2024-03-31 08240744 d:ShareCapital 2023-03-31 08240744 d:RevaluationReserve 2024-03-31 08240744 d:RevaluationReserve 2023-03-31 08240744 d:RetainedEarningsAccumulatedLosses 2024-03-31 08240744 d:RetainedEarningsAccumulatedLosses 2023-03-31 08240744 d:OtherDeferredTax 2024-03-31 08240744 d:OtherDeferredTax 2023-03-31 08240744 c:FRS102 2023-04-01 2024-03-31 08240744 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08240744 c:FullAccounts 2023-04-01 2024-03-31 08240744 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08240744 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08240744







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


JAMES LAVINGTON PROPERTIES LIMITED






































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JAMES LAVINGTON PROPERTIES LIMITED
REGISTERED NUMBER:08240744



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,733
8,787

Investment property
 5 
932,789
932,789

  
940,522
941,576

Current assets
  

Debtors: amounts falling due within one year
 6 
109,975
11,811

Cash at bank and in hand
  
47,666
94,191

  
157,641
106,002

Creditors: amounts falling due within one year
 7 
(52,239)
(43,379)

Net current assets
  
 
 
105,402
 
 
62,623

Total assets less current liabilities
  
1,045,924
1,004,199

Provisions for liabilities
  

Deferred tax
 8 
(66,097)
(66,097)

  
 
 
(66,097)
 
 
(66,097)

Net assets
  
979,827
938,102


Capital and reserves
  

Called up share capital 
  
7,000
7,000

Revaluation reserve
  
332,789
332,789

Profit and loss account
  
640,038
598,313

  
979,827
938,102


Page 1

 


JAMES LAVINGTON PROPERTIES LIMITED
REGISTERED NUMBER:08240744


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E James
Director

Date: 18 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


JAMES LAVINGTON PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

James Lavington Properties Limited is a private company  limited by shares and 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of rent receivable from investement property and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
 
Page 3

 


JAMES LAVINGTON PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Current and deferred taxation (continued)


Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Other fixed assets
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


JAMES LAVINGTON PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 April 2023
10,544



At 31 March 2024

10,544



Depreciation


At 1 April 2023
1,757


Charge for the year on owned assets
1,054



At 31 March 2024

2,811



Net book value



At 31 March 2024
7,733



At 31 March 2023
8,787

Page 5

 


JAMES LAVINGTON PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
932,789



At 31 March 2024
932,789

The investment property is valued on an open market value basis by the directors, it was decided there was no change in the value for the year ended 31 March 2024. 


At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
600,000
600,000

600,000
600,000

Page 6

 


JAMES LAVINGTON PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
16,276
8,888

Other debtors
93,699
2,923

109,975
11,811



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,424
2,843

Other taxation and social security
5,291
4,175

Other creditors
31,628
34,615

Accruals and deferred income
1,896
1,746

52,239
43,379



8.


Deferred taxation




2024


£






At beginning of year
(66,097)



At end of year
(66,097)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property revaluation
(66,097)
(66,097)

(66,097)
(66,097)


9.


Related party transactions

During the year the company made a loan to the estate of the late Mrs E H James for £87,000. This amount is included in other debtors and is interest free.

 
Page 7