Registered number
10000128
Lightfoot Property Limited
Filleted Accounts
29 February 2024
Lightfoot Property Limited
Registered number: 10000128
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 286,288 286,288
Current assets
Cash at bank and in hand 6,744 4,563
Creditors: amounts falling due within one year 4 (88,972) (89,053)
Net current liabilities (82,228) (84,490)
Total assets less current liabilities 204,060 201,798
Creditors: amounts falling due after more than one year 5 (206,300) (206,300)
Net liabilities (2,240) (4,502)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,340) (4,602)
Shareholders' funds (2,240) (4,502)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr R Lightfoot
Director
Approved by the board on 22 November 2024
Lightfoot Property Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 286,288
At 29 February 2024 286,288
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 286,288
At 28 February 2023 286,288
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 650 600
Other creditors 88,322 88,453
88,972 89,053
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 206,300 206,300
6 Other information
Lightfoot Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 Keswick Road
Bournemouth
Dorset
BH5 1LR
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