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REGISTERED NUMBER: 09936766 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Limefield Properties Limited

Limefield Properties Limited (Registered number: 09936766)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Limefield Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms N Hughes
Mr D Balakrishnan
Mrs Y Balakrishnan
Mr I Balakrishnan





REGISTERED OFFICE: Uplands Farm
Sebastopol
Pontypool
Gwent
NP4 5DQ





REGISTERED NUMBER: 09936766 (England and Wales)





ACCOUNTANTS: AKB Group Limited
91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY

Limefield Properties Limited (Registered number: 09936766)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,949 13,074
Investment property 5 1,802,309 1,802,309
1,818,258 1,815,383

CURRENT ASSETS
Debtors 6 28,426 26,345
Cash at bank and in hand 87,526 305,484
115,952 331,829
CREDITORS
Amounts falling due within one year 7 1,687,285 1,859,258
NET CURRENT LIABILITIES (1,571,333 ) (1,527,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,925

287,954

PROVISIONS FOR LIABILITIES (2,484 ) (2,484 )

ACCRUALS AND DEFERRED INCOME (11,400 ) (11,400 )
NET ASSETS 233,041 274,070

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 233,037 274,066
SHAREHOLDERS' FUNDS 233,041 274,070

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.

Limefield Properties Limited (Registered number: 09936766)

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:





Mr I Balakrishnan - Director


Limefield Properties Limited (Registered number: 09936766)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Limefield Properties 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.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost ,including transaction costs Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 4 (2023 - 4 ) .

Limefield Properties Limited (Registered number: 09936766)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 10,603 - 11,560 22,163
Additions - 6,768 - 6,768
At 31 January 2024 10,603 6,768 11,560 28,931
DEPRECIATION
At 1 February 2023 6,701 - 2,388 9,089
Charge for year 585 1,015 2,293 3,893
At 31 January 2024 7,286 1,015 4,681 12,982
NET BOOK VALUE
At 31 January 2024 3,317 5,753 6,879 15,949
At 31 January 2023 3,902 - 9,172 13,074

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,802,309
NET BOOK VALUE
At 31 January 2024 1,802,309
At 31 January 2023 1,802,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 28,426 26,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (1 ) 53,352
Taxation and social security 9,701 4,934
Other creditors 1,677,585 1,800,972
1,687,285 1,859,258

Limefield Properties Limited (Registered number: 09936766)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
4 Ordinary £1 4 4