Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 24 February 2023 false 1 April 2023 31 March 2024 31 March 2024 14687743 Mr Leonard Villa Mrs Mary Villa Mr Leonard Villa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14687743 2023-03-31 14687743 2024-03-31 14687743 2023-04-01 2024-03-31 14687743 frs-core:CurrentFinancialInstruments 2024-03-31 14687743 frs-core:SharePremium 2024-03-31 14687743 frs-core:ShareCapital 2024-03-31 14687743 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14687743 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14687743 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14687743 frs-bus:SmallEntities 2023-04-01 2024-03-31 14687743 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14687743 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14687743 frs-bus:Director1 2023-04-01 2024-03-31 14687743 frs-bus:Director2 2023-04-01 2024-03-31 14687743 frs-bus:Director3 2023-04-01 2024-03-31 14687743 frs-countries:EnglandWales 2023-04-01 2024-03-31 14687743 2023-02-23 14687743 2023-03-31 14687743 2023-02-24 2023-03-31 14687743 frs-core:CurrentFinancialInstruments 2023-03-31 14687743 frs-core:SharePremium 2023-03-31 14687743 frs-core:ShareCapital 2023-03-31 14687743 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14687743
Lelemar Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
SGR Accountancy Ltd
80 South Gipsy Road
Welling
DA16 1JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14687743
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,980,000 -
3,980,000 -
CURRENT ASSETS
Debtors 5 4,574 -
Cash at bank and in hand 85,951 3
90,525 3
Creditors: Amounts Falling Due Within One Year 6 (99,745 ) -
NET CURRENT ASSETS (LIABILITIES) (9,220 ) 3
TOTAL ASSETS LESS CURRENT LIABILITIES 3,970,780 3
NET ASSETS 3,970,780 3
CAPITAL AND RESERVES
Called up share capital 7 1,000 3
Share premium account 3,905,000 -
Profit and Loss Account 64,780 -
SHAREHOLDERS' FUNDS 3,970,780 3
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Leonard Villa
Director
21 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lelemar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14687743 . The registered office is 6 Helix Gardens, Brixton, London, SW2 2JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: NIL)
3 -
4. Investment Property
31 March 2024
£
Fair Value
As at 1 April 2023 -
Additions 3,980,000
As at 31 March 2024 3,980,000
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 4,574 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 3,312 -
Other creditors 63,749 -
Taxation and social security 32,684 -
99,745 -
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7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1,000 3
8. Related Party Transactions
During the year, the company acquired the entire business of Villa Family Partnership in consideration for the issue of new shares in Lelemar Limited  in pursuance of a resolution dated 1st April 2023.
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