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REGISTERED NUMBER: 09303700 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

L Cubed Properties Ltd

L Cubed Properties Ltd (Registered number: 09303700)






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


L Cubed Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr W J L Lewis
Mrs L Lewis





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Merryweather
Bodiam Road
Sandhurst
Cranbrook
Kent
TN18 5LE





REGISTERED NUMBER: 09303700 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

L Cubed Properties Ltd (Registered number: 09303700)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,952 40,463

CURRENT ASSETS
Stocks 752,945 -
Debtors 5 36,256 414,339
Cash at bank 31,086 3,310
820,287 417,649
CREDITORS
Amounts falling due within one year 6 550,334 88,392
NET CURRENT ASSETS 269,953 329,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,905

369,720

PROVISIONS FOR LIABILITIES 7,488 7,688
NET ASSETS 292,417 362,032

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 292,317 361,932
SHAREHOLDERS' FUNDS 292,417 362,032

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.

L Cubed Properties Ltd (Registered number: 09303700)

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 30 October 2024 and were signed on its behalf by:




Mr W J L Lewis - Director



Mrs L Lewis - Director


L Cubed Properties Ltd (Registered number: 09303700)

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

1. STATUTORY INFORMATION

L Cubed Properties Ltd 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.

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

The sale of properties is recognised on exchange of contracts.

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 - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

L Cubed Properties Ltd (Registered number: 09303700)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,379 492 57,175 548 65,594
Additions 2,250 - - - 2,250
Disposals - - (20,625 ) - (20,625 )
At 31 March 2024 9,629 492 36,550 548 47,219
DEPRECIATION
At 1 April 2023 5,992 340 18,251 548 25,131
Charge for year 641 38 8,947 - 9,626
Eliminated on disposal - - (17,490 ) - (17,490 )
At 31 March 2024 6,633 378 9,708 548 17,267
NET BOOK VALUE
At 31 March 2024 2,996 114 26,842 - 29,952
At 31 March 2023 1,387 152 38,924 - 40,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 36,256 414,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 14,821 298
Taxation and social security 4,940 85,839
Other creditors 530,573 2,255
550,334 88,392

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

L Cubed Properties Ltd (Registered number: 09303700)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr W J L Lewis
Balance outstanding at start of year 366,990 -
Amounts advanced - 366,990
Amounts repaid (366,990 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 366,990