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Company Registration No. 04369426 (England and Wales)
Lee Glass Properties Limited Unaudited accounts for the year ended 31 March 2024
Lee Glass Properties Limited Unaudited accounts Contents
Page
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Lee Glass Properties Limited Company Information for the year ended 31 March 2024
Director
Mr J Lee
Company Number
04369426 (England and Wales)
Registered Office
32 Kempton Drive Arnold Nottingham Nottinghamshire NG5 8EU England
Accountants
AJP Tax Services 10 Spitfire Way Hucknall Nottingham NG15 6WX
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Lee Glass Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
135,000 
118,333 
Current assets
Debtors
597 
597 
Cash at bank and in hand
105,118 
92,284 
105,715 
92,881 
Creditors: amounts falling due within one year
(94,956)
(82,964)
Net current assets
10,759 
9,917 
Total assets less current liabilities
145,759 
128,250 
Provisions for liabilities
Other provisions
(15,915)
(12,748)
Net assets
129,844 
115,502 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
16,667 
- 
Profit and loss account
113,167 
115,492 
Shareholders' funds
129,844 
115,502 
For the year 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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2024 and were signed on its behalf by
Mr J Lee Director Company Registration No. 04369426
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Lee Glass Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lee Glass Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04369426. The registered office is 32 Kempton Drive, Arnold, Nottingham, Nottinghamshire, NG5 8EU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer equipment
33% on cost
Investment property
Investment properties are stated at their fair value at the balance sheet date.
Deferred taxation
Deferred tax is recognised 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 recogognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liability or other future taxable profits.
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Lee Glass Properties Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,020 
At 31 March 2024
1,020 
Depreciation
At 1 April 2023
1,020 
At 31 March 2024
1,020 
Net book value
At 31 March 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
118,333 
Net gain from fair value adjustments
16,667 
At 31 March 2024
135,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
597 
597 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
197 
2,215 
Other creditors
94,759 
80,749 
94,956 
82,964 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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