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Lime Properties (Liverpool) Limited

Unaudited Financial Statements for the Year Ended 29 February 2024






Lime Properties (Liverpool) Limited (Registered number: 07532618)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lime Properties (Liverpool) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N D Scullion
Mrs C E Scullion





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 07532618 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Lime Properties (Liverpool) Limited (Registered number: 07532618)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,670,000 1,670,000
1,670,000 1,670,000

CURRENT ASSETS
Cash at bank 7,106 8,890

CREDITORS
Amounts falling due within one year 6 309,562 287,151
NET CURRENT LIABILITIES (302,456 ) (278,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,544

1,391,739

CREDITORS
Amounts falling due after more than one
year

7

(708,945

)

(712,626

)

PROVISIONS FOR LIABILITIES (119,499 ) (119,499 )
NET ASSETS 539,100 559,614

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 358,497 358,497
Retained earnings 180,601 201,115
SHAREHOLDERS' FUNDS 539,100 559,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Lime Properties (Liverpool) Limited (Registered number: 07532618)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





N D Scullion - Director


Lime Properties (Liverpool) Limited (Registered number: 07532618)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lime Properties (Liverpool) 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.

Turnover
Turnover represents net rents receivable, excluding value added tax.

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 - 33% on cost and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 625
DEPRECIATION
At 1 March 2023
and 29 February 2024 625
NET BOOK VALUE
At 29 February 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,670,000
NET BOOK VALUE
At 29 February 2024 1,670,000
At 28 February 2023 1,670,000

Lime Properties (Liverpool) Limited (Registered number: 07532618)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY - continued

Investment property was valued by the directors on 29th February 2024 using market data.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,500 3,500
Trade creditors 4,031 2,427
Taxation and social security 13,362 12,865
Other creditors 288,669 268,359
309,562 287,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 708,945 712,626

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 686,930 686,930

Repayable by instalments
Bank loans more 5 yr by instal 8,015 11,696

8. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 358,497