Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11518810 Mr Simon Grantham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11518810 2023-02-28 11518810 2024-02-29 11518810 2023-03-01 2024-02-29 11518810 frs-core:CurrentFinancialInstruments 2024-02-29 11518810 frs-core:Non-currentFinancialInstruments 2024-02-29 11518810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 11518810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11518810 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 11518810 frs-core:ShareCapital 2024-02-29 11518810 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11518810 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11518810 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11518810 frs-bus:SmallEntities 2023-03-01 2024-02-29 11518810 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11518810 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11518810 frs-bus:Director1 2023-03-01 2024-02-29 11518810 frs-countries:EnglandWales 2023-03-01 2024-02-29 11518810 2022-02-28 11518810 2023-02-28 11518810 2022-03-01 2023-02-28 11518810 frs-core:CurrentFinancialInstruments 2023-02-28 11518810 frs-core:Non-currentFinancialInstruments 2023-02-28 11518810 frs-core:ShareCapital 2023-02-28 11518810 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11518810
Lennox Hudson Lettings Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Herridge Accountants
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11518810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,340,962 1,460,962
2,340,962 1,460,962
CURRENT ASSETS
Debtors 5 14,567 15,281
Cash at bank and in hand 9,601 10,458
24,168 25,739
Creditors: Amounts Falling Due Within One Year 6 (584,379 ) (295,574 )
NET CURRENT ASSETS (LIABILITIES) (560,211 ) (269,835 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,780,751 1,191,127
Creditors: Amounts Falling Due After More Than One Year 7 (1,691,818 ) (1,090,843 )
NET ASSETS 88,933 100,284
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 88,833 100,184
SHAREHOLDERS' FUNDS 88,933 100,284
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Simon Grantham
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lennox Hudson Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11518810 . The registered office is Owmby House, Cliff Road, Owmby By Spital, Market Rasen, Lincolnshire, LN8 2AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 1,460,962
Additions 880,000
As at 29 February 2024 2,340,962
Net Book Value
As at 29 February 2024 2,340,962
As at 1 March 2023 1,460,962
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,950 4,350
Other debtors 9,617 10,931
14,567 15,281
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,679 1,230
Other creditors 576,700 294,344
584,379 295,574
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,691,818 1,090,843
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4