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REGISTERED NUMBER: 03945453 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Lissett Homes Limited

Lissett Homes Limited (Registered number: 03945453)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lissett Homes Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Beharrell





SECRETARY: J Beharrell





REGISTERED OFFICE: Pocklington Industrial Estate
Pocklington
YORK
YO42 1NR





REGISTERED NUMBER: 03945453 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Chartered Accountants
Suite 1, The Riverside Building
Livingstone Road
Hessle,
Hull
HU13 0DZ

Lissett Homes Limited (Registered number: 03945453)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 4,161
Tangible assets 5 804,724 856,059
Investments 6 1,949,841 1,949,841
2,756,065 2,810,061

CURRENT ASSETS
Debtors 7 34,528 -

CREDITORS
Amounts falling due within one year 8 599 1,178
NET CURRENT ASSETS/(LIABILITIES) 33,929 (1,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,789,994

2,808,883

CREDITORS
Amounts falling due after more than one
year

9

(1,010,479

)

(982,944

)

PROVISIONS FOR LIABILITIES - (39,404 )
NET ASSETS 1,779,515 1,786,535

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 511,944 511,944
Retained earnings 1,267,271 1,274,291
1,779,515 1,786,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lissett Homes Limited (Registered number: 03945453)

Balance Sheet - continued
30 November 2023


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 4 November 2024 and were signed by:





J Beharrell - Director


Lissett Homes Limited (Registered number: 03945453)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Lissett 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. This includes the choice of depreciation method applied to fixed assets. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company provides equipment to one of its subsidiaries and a management charge is reconsider to cover the depreciating value of the assets and time of usage. The charge is recognised at a commercial rate on an arms length basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 10 years
Improvements to property - 10% on cost and 5% on cost
Plant and machinery - 33% on reducing balance and Straight line over 10 years
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on cost

Lissett Homes Limited (Registered number: 03945453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest int he assets of the company after deducting all of its liabilities.

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised a initial transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less an impairment loss in the case of trade debtors.

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 NIL (2022 - NIL).

Lissett Homes Limited (Registered number: 03945453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 17,972
Additions 2,000
At 30 November 2023 19,972
AMORTISATION
At 1 December 2022 13,811
Charge for year 4,661
At 30 November 2023 18,472
NET BOOK VALUE
At 30 November 2023 1,500
At 30 November 2022 4,161

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 December 2022 191,654 1,067,970 635,770
Additions - 57,217 197,717
Disposals - - (241,107 )
At 30 November 2023 191,654 1,125,187 592,380
DEPRECIATION
At 1 December 2022 191,654 609,429 268,015
Charge for year - 62,388 26,359
At 30 November 2023 191,654 671,817 294,374
NET BOOK VALUE
At 30 November 2023 - 453,370 298,006
At 30 November 2022 - 458,541 367,755

Lissett Homes Limited (Registered number: 03945453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 46,516 7,631 59,783 2,009,324
Additions 4,392 18,000 74,532 351,858
Disposals - - - (241,107 )
At 30 November 2023 50,908 25,631 134,315 2,120,075
DEPRECIATION
At 1 December 2022 42,191 (14,634 ) 56,610 1,153,265
Charge for year 1,646 16,906 54,787 162,086
At 30 November 2023 43,837 2,272 111,397 1,315,351
NET BOOK VALUE
At 30 November 2023 7,071 23,359 22,918 804,724
At 30 November 2022 4,325 22,265 3,173 856,059

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 1,949,841
NET BOOK VALUE
At 30 November 2023 1,949,841
At 30 November 2022 1,949,841

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 34,528 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) -
Other creditors 600 1,178
599 1,178

Lissett Homes Limited (Registered number: 03945453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,010,479 982,944