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REGISTERED NUMBER: 08181339 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LAVENDER PROPERTY SERVICES LIMITED

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAVENDER PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R L Record
C M Wain





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 08181339 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,690 26,167
Investments 5 15,000 10,000
Investment property 6 9,111,239 7,765,000
9,163,929 7,801,167

CURRENT ASSETS
Stocks - 632,457
Debtors 7 352,475 219,313
Cash at bank 129,078 114,777
481,553 966,547
CREDITORS
Amounts falling due within one year 8 (345,136 ) (677,041 )
NET CURRENT ASSETS 136,417 289,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,300,346

8,090,673

CREDITORS
Amounts falling due after more than one
year

9

(6,131,288

)

(5,315,818

)

PROVISIONS FOR LIABILITIES (519,811 ) (423,996 )
NET ASSETS 2,649,247 2,350,859

CAPITAL AND RESERVES
Called up share capital 196 196
Revaluation reserve 11 1,883,546 1,614,784
Retained earnings 765,505 735,879
SHAREHOLDERS' FUNDS 2,649,247 2,350,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





R L Record - Director


LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

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


1. STATUTORY INFORMATION

Lavender Property Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stock and work in progress is valued at lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Current or deferred 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.

3. EMPLOYEES AND DIRECTORS

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

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 114,400
Additions 27,574
Disposals (1,753 )
At 31 January 2024 140,221
DEPRECIATION
At 1 February 2023 88,233
Charge for year 16,051
Eliminated on disposal (1,753 )
At 31 January 2024 102,531
NET BOOK VALUE
At 31 January 2024 37,690
At 31 January 2023 26,167

5. FIXED ASSET INVESTMENTS
Waud
Investment
Wines
£   
COST
At 1 February 2023 10,000
Additions 5,000
At 31 January 2024 15,000
NET BOOK VALUE
At 31 January 2024 15,000
At 31 January 2023 10,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 7,765,000
Additions 987,890
Revaluations 358,349
At 31 January 2024 9,111,239
NET BOOK VALUE
At 31 January 2024 9,111,239
At 31 January 2023 7,765,000

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2016 156,186
Valuation in 2017 161,873
Valuation in 2018 378,467
Valuation in 2019 (2,417 )
Valuation in 2020 283,011
Valuation in 2021 188,550
Valuation in 2022 922,539
Valuation in 2023 8,297
Valuation in 2024 358,349
Cost 6,656,384
9,111,239

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,656,384 5,668,494

The investment properties were valued on an open market basis on 31 January 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 352,475 219,313

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,988 9,988
Taxation and social security 16,361 25,217
Other creditors 318,787 641,836
345,136 677,041

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,208 24,197
Other creditors 6,117,080 5,291,621
6,131,288 5,315,818

10. SECURED DEBTS

Bank borrowings of £6,117,080 are secured against the investment properties of the company.

LAVENDER PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 08181339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. RESERVES
Revaluation
reserve
£   
At 1 February 2023 1,614,784
Transfer to Reserves 268,762

At 31 January 2024 1,883,546

12. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £16,580 (2023: £16,580) as monies owed by Toplets Property Services Limited to Lavender Property Services Limited a company controlled by Mr R Record.

Included within other debtors is an amount of £40,000 (2023: £40,000) as monies owed by Pluris Developments Limited to Lavender Property Services Limited a company controlled by Mr C Wain.

Included within other debtors is an amount of £249,983 (2023: £120,526) as monies owed by Chrome Property Ltd to Lavender Property Services Limited a company controlled by Mr R Record and Mr C Wain.

Included within other debtors is an amount of £5,184 (2023: £4,430) as monies owed by In-House Ltd to Lavender Property Services Limited.

Included within other creditors is an amount of £60,000 (2023: £60,000) as monies owed to Claire Wain by Lavender Property Services Limited.

13. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of R L Record and C M Wain the directors and shareholders of the company.