IRIS Accounts Production v24.3.0.553 NI006629 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary shares 1.00000 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0066292023-03-31NI0066292024-03-31NI0066292023-04-012024-03-31NI0066292022-10-31NI0066292022-11-012023-03-31NI0066292023-03-31NI006629ns15:NorthernIreland2023-04-012024-03-31NI006629ns14:PoundSterling2023-04-012024-03-31NI006629ns10:Director12023-04-012024-03-31NI006629ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31NI006629ns10:SmallEntities2023-04-012024-03-31NI006629ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31NI006629ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31NI006629ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31NI006629ns10:FullAccounts2023-04-012024-03-31NI006629ns10:OrdinaryShareClass12023-04-012024-03-31NI006629ns10:Director22023-04-012024-03-31NI006629ns10:Director32023-04-012024-03-31NI006629ns10:Director42023-04-012024-03-31NI006629ns10:CompanySecretary12023-04-012024-03-31NI006629ns10:RegisteredOffice2023-04-012024-03-31NI006629ns5:CurrentFinancialInstruments2024-03-31NI006629ns5:CurrentFinancialInstruments2023-03-31NI006629ns5:ShareCapital2024-03-31NI006629ns5:ShareCapital2023-03-31NI006629ns5:RetainedEarningsAccumulatedLosses2024-03-31NI006629ns5:RetainedEarningsAccumulatedLosses2023-03-31NI006629ns5:FurnitureFittings2023-04-012024-03-31NI006629ns5:FurnitureFittings2023-03-31NI006629ns5:FurnitureFittings2024-03-31NI006629ns5:FurnitureFittings2023-03-31NI006629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31NI006629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31NI006629ns5:DeferredTaxation2023-03-31NI006629ns5:DeferredTaxation2023-04-012024-03-31NI006629ns5:DeferredTaxation2024-03-31NI006629ns10:OrdinaryShareClass12024-03-31NI006629ns10:Director222023-03-31NI006629ns10:Director222022-10-31NI006629ns10:Director222023-04-012024-03-31NI006629ns10:Director222022-11-012023-03-31NI006629ns10:Director222024-03-31NI006629ns10:Director222023-03-31
REGISTERED NUMBER: NI006629 (Northern Ireland)













Litton Estates Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Litton Estates Ltd (Registered number: NI006629)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 6


Litton Estates Ltd

Company Information
for the Year Ended 31 March 2024







Directors: Mr R H Bicker
Mrs M E Bicker
Mr G A Green
Mrs P A Keenan



Secretary: Mrs P A Keenan



Registered office: 15 Lynda Gardens
Jordanstown
Newtownabbey
Co Antrim
BT37 0NP



Registered number: NI006629 (Northern Ireland)



Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH



Solicitors: Conn & Fenton
39 Bow Street
Lisburn
Antrim
BT28 1BJ

Litton Estates Ltd (Registered number: NI006629)

Statement of Financial Position
31 March 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 4 748 1,106
Investment property 5 1,600,004 1,995,003
1,600,752 1,996,109

Current assets
Receivables 6 1,672 1,519
Cash at bank 7 1,396,568 1,262,221
1,398,240 1,263,740
Payables
Amounts falling due within one year 8 (107,328 ) (301,185 )
Net current assets 1,290,912 962,555
Total assets less current liabilities 2,891,664 2,958,664

Provisions for liabilities 9 (187 ) (277 )
Net assets 2,891,477 2,958,387

Capital and reserves
Called up share capital 10 20,000 20,000
Retained earnings 2,871,477 2,938,387
Shareholders' funds 2,891,477 2,958,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of income and retained earnings 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:




Mr G A Green - Director


Litton Estates Ltd (Registered number: NI006629)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Litton Estates Ltd is a private company, limited by shares , registered in Northern Ireland. 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. 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% 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. Deferred tax is provided on any gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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.

Receivables
Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Litton Estates Ltd (Registered number: NI006629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. Accounting policies - continued

Payables
Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Property, plant and equipment
Fixtures,
fittings
and
equipment
£
Cost
At 1 April 2023
and 31 March 2024 1,793
Depreciation
At 1 April 2023 687
Charge for year 358
At 31 March 2024 1,045
Net book value
At 31 March 2024 748
At 31 March 2023 1,106

5. Investment property
Total
£
Fair value
At 1 April 2023 1,995,003
Additions 1
Disposals (395,000 )
At 31 March 2024 1,600,004
Net book value
At 31 March 2024 1,600,004
At 31 March 2023 1,995,003

Litton Estates Ltd (Registered number: NI006629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. Investment property - continued

Fair value at 31 March 2024 is represented by:

£
Valuation -269,317
Cost 1,869,321
1,600,004

6. Receivables: amounts falling due within one year
2024 2023
£ £
Other receivables 1,672 1,519

7. Cash at bank
2024 2023
£ £
Cash at bank and in hand 1,396,568 1,262,221

8. Payables: amounts falling due within one year
2024 2023
£ £
Taxation and social security 45,765 176,116
Other payables 61,563 125,069
107,328 301,185

9. Provisions for liabilities
2024 2023
£ £
Deferred tax
Accelerated capital allowances 187 277

Deferred tax
£
Balance at 1 April 2023 277
Credit to Statement of income and retained earnings during year (90 )
Balance at 31 March 2024 187

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20,000 Ordinary shares 1 20,000 20,000

Litton Estates Ltd (Registered number: NI006629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. Directors' advances, credits and guarantees

The following loans to the company from a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£ £
Mr R H Bicker
Balance outstanding at start of year 41,928 29,764
Amounts advanced - 12,164
Amounts repaid (17,074 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,854 41,928