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REGISTERED NUMBER: 10677962 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lenehan Homes Limited

Lenehan Homes Limited (Registered number: 10677962)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lenehan Homes Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Lenehan
L S Lenehan





REGISTERED OFFICE: FFT Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 10677962 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Lenehan Homes Limited (Registered number: 10677962)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,198 2,667
Investment property 5 1,092,579 969,568
1,094,777 972,235

CURRENT ASSETS
Debtors 6 72,381 78,114
Cash at bank 11,016 8,644
83,397 86,758
CREDITORS
Amounts falling due within one year 7 1,068,698 974,571
NET CURRENT LIABILITIES (985,301 ) (887,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,476

84,422

PROVISIONS FOR LIABILITIES 64 64
NET ASSETS 109,412 84,358

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,312 84,258
109,412 84,358

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

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

Lenehan Homes Limited (Registered number: 10677962)

Balance Sheet - continued
31 March 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 21 October 2024 and were signed on its behalf by:





S Lenehan - Director


Lenehan Homes Limited (Registered number: 10677962)

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

1. STATUTORY INFORMATION

Lenehan Homes 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

Going concern
The company's financial statements for the year ended 31 March 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Lenehan Homes Limited (Registered number: 10677962)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,458 413 848 3,719
DEPRECIATION
At 1 April 2023 225 191 636 1,052
Charge for year 224 33 212 469
At 31 March 2024 449 224 848 1,521
NET BOOK VALUE
At 31 March 2024 2,009 189 - 2,198
At 31 March 2023 2,233 222 212 2,667

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023 969,568
Additions 123,011
At 31 March 2024 1,092,579
NET BOOK VALUE
At 31 March 2024 1,092,579
At 31 March 2023 969,568

The directors consider that the market value of the investment property is not materially different to the amount shown in the financial statements at 31 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 72,381 78,114

Lenehan Homes Limited (Registered number: 10677962)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 545,531 534,215
Trade creditors - 1,688
Taxation and social security 10,977 6,926
Other creditors 512,190 431,742
1,068,698 974,571

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 545,531 534,215

9. RELATED PARTY DISCLOSURES

Included within other creditors due withing one year is the directors' current account balance of £498,052 (2023: £420,022). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.