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Company No: 10060030 (England and Wales)

LIME ESTATES PROPERTY HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

LIME ESTATES PROPERTY HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

LIME ESTATES PROPERTY HOLDINGS LTD

BALANCE SHEET

As at 31 March 2024
LIME ESTATES PROPERTY HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,126,006 5,126,421
5,126,006 5,126,421
Current assets
Debtors 4 63,318 21,232
Cash at bank and in hand 13,012 18,753
76,330 39,985
Creditors: amounts falling due within one year 5 ( 937,170) ( 980,110)
Net current liabilities (860,840) (940,125)
Total assets less current liabilities 4,265,166 4,186,296
Creditors: amounts falling due after more than one year 6 ( 3,803,490) ( 3,793,954)
Net assets 461,676 392,342
Capital and reserves
Called-up share capital 100 100
Profit and loss account 461,576 392,242
Total shareholder's funds 461,676 392,342

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lime Estates Property Holdings Ltd (registered number: 10060030) were approved and authorised for issue by the Director on 04 November 2024. They were signed on its behalf by:

George Michael Thornton
Director
LIME ESTATES PROPERTY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
LIME ESTATES PROPERTY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lime Estates Property Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 8 Cerne Abbas, 46 The Avenue, Poole, Dorset, BH13 6HF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts. The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Investment property not depreciated
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Investment property Vehicles Total
£ £ £ £
Cost
At 01 April 2023 3,199,760 1,925,000 7,000 5,131,760
At 31 March 2024 3,199,760 1,925,000 7,000 5,131,760
Accumulated depreciation
At 01 April 2023 0 0 5,339 5,339
Charge for the financial year 0 0 415 415
At 31 March 2024 0 0 5,754 5,754
Net book value
At 31 March 2024 3,199,760 1,925,000 1,246 5,126,006
At 31 March 2023 3,199,760 1,925,000 1,661 5,126,421

4. Debtors

2024 2023
£ £
Trade debtors 1,134 1,134
Amounts owed by related parties 55,000 14,500
Other debtors 7,184 5,598
63,318 21,232

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 11,321 30,271
Trade creditors 4,471 6,988
Amounts owed to related parties 750 0
Taxation and social security 20,071 17,533
Other creditors 900,557 925,318
937,170 980,110

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 3,768,239) 3,803,490 3,793,954

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured) 3,768,239 3,788,903