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REGISTERED NUMBER: 08586935 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

LCR PROPERTIES LIMITED

LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LCR PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Lady C N Reid





REGISTERED OFFICE: Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX





REGISTERED NUMBER: 08586935 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,221 1,629
Investment property 5 3,880,000 4,030,000
3,881,221 4,031,629

CURRENT ASSETS
Debtors 6 51,602 56,846
Cash at bank and in hand 201,716 77,725
253,318 134,571
CREDITORS
Amounts falling due within one year 7 155,144 135,191
NET CURRENT ASSETS/(LIABILITIES) 98,174 (620 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,979,395

4,031,009

CREDITORS
Amounts falling due after more than one
year

8

(2,099,004

)

(2,127,895

)

PROVISIONS FOR LIABILITIES (187,325 ) (213,928 )
NET ASSETS 1,693,066 1,689,186

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 431,434 431,434
Retained earnings 1,261,631 1,257,751
SHAREHOLDERS' FUNDS 1,693,066 1,689,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 director and authorised for issue on 14 October 2024 and were signed by:





Lady C N Reid - Director


LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

LCR 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment losses and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair value reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,118 2,916 4,034
DEPRECIATION
At 1 July 2023 280 2,125 2,405
Charge for year 210 198 408
At 30 June 2024 490 2,323 2,813
NET BOOK VALUE
At 30 June 2024 628 593 1,221
At 30 June 2023 838 791 1,629

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,120,000
Revaluations (140,000 )
At 30 June 2024 3,980,000
DEPRECIATION
At 1 July 2023 90,000
Charge for year 10,000
At 30 June 2024 100,000
NET BOOK VALUE
At 30 June 2024 3,880,000
At 30 June 2023 4,030,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 50,000
Valuation in 2017 451,310
Valuation in 2018 49,443
Valuation in 2019 (19,951 )
Valuation in 2020 (99,368 )
Valuation in 2021 100,000
Valuation in 2022 702,000
Valuation in 2023 (59,124 )
Valuation in 2024 (140,000 )
Cost 2,945,690
3,980,000

LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 2,945,690 2,945,690
Aggregate depreciation (100,000 ) (90,000 )

The investment properties were valued on an open market basis on 30 June 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 51,602 56,846

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,234 236
Taxation and social security 48,198 37,882
Other creditors 101,712 97,073
155,144 135,191

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 2,099,004 2,127,895

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 431,434