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REGISTERED NUMBER: 00742959 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

L.H.C. PROPERTIES LIMITED

L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.H.C. PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: M J Dovey
J R Dovey





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: 58 Stevenson Road
Longstanton
Cambridge
Cambridgeshire
CB24 3GY





REGISTERED NUMBER: 00742959 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,994 2,170
Investment property 6 975,000 1,185,000
977,994 1,187,170

CURRENT ASSETS
Debtors 7 2,140 3,583
Cash at bank 343,850 84,197
345,990 87,780
CREDITORS
Amounts falling due within one year 8 (8,779 ) (21,193 )
NET CURRENT ASSETS 337,211 66,587
TOTAL ASSETS LESS CURRENT LIABILITIES 1,315,205 1,253,757

PROVISIONS FOR LIABILITIES 9 (53,854 ) (16,312 )
NET ASSETS 1,261,351 1,237,445

CAPITAL AND RESERVES
Called up share capital 10 1,500 1,500
Fair value reserve 11 224,598 138,434
Retained earnings 1,035,253 1,097,511
SHAREHOLDERS' FUNDS 1,261,351 1,237,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

BALANCE SHEET - continued
5 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





J R Dovey - Director


L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

L.H.C. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on cost and 10% on cost

Investment property
Investment property is held at fair value. Any aggregate change in fair value is recognised in the profit and loss account.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 34,123
Additions 1,099
At 5 April 2024 35,222
DEPRECIATION
At 6 April 2023 31,953
Charge for year 275
At 5 April 2024 32,228
NET BOOK VALUE
At 5 April 2024 2,994
At 5 April 2023 2,170

L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 1,185,000
Disposals (310,000 )
Revaluations 100,000
At 5 April 2024 975,000
NET BOOK VALUE
At 5 April 2024 975,000
At 5 April 2023 1,185,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2021 154,334
Valuation in 2024 100,000
Cost 720,666
975,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 709,885 1,030,666

Investment property was valued on a fair value basis on 5 April 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,140 3,583

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,356 3,643
Other creditors 5,423 17,550
8,779 21,193

L.H.C. PROPERTIES LIMITED (REGISTERED NUMBER: 00742959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 336 (273 )
Deferred tax 24,461 15,832
Deferred Tax Additions 29,057 753
53,854 16,312

Deferred
tax
£   
Balance at 6 April 2023 16,312
Accelerated capital allowances 156
Deferred tax on
fair value movement 37,386
Balance at 5 April 2024 53,854

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500
500 Ordinary A shares £1 500 500
500 Ordinary B shares £1 500 500
1,500 1,500

11. RESERVES
Fair
value
reserve
£   
At 6 April 2023 138,434
Realisation on disposal 10,781
Fair value movement 75,383

At 5 April 2024 224,598