Caseware UK (AP4) 2023.0.135 2023.0.135 1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1false2023-03-01falsetruefalse 13195506 2023-03-01 2024-02-29 13195506 2022-03-01 2023-02-28 13195506 2024-02-29 13195506 2023-02-28 13195506 c:Director1 2023-03-01 2024-02-29 13195506 d:FreeholdInvestmentProperty 2023-03-01 2024-02-29 13195506 d:FreeholdInvestmentProperty 2024-02-29 13195506 d:FreeholdInvestmentProperty 2 2023-03-01 2024-02-29 13195506 d:CurrentFinancialInstruments 2024-02-29 13195506 d:CurrentFinancialInstruments 2023-02-28 13195506 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13195506 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13195506 d:ShareCapital 2024-02-29 13195506 d:ShareCapital 2023-02-28 13195506 d:InvestmentPropertiesRevaluationReserve 2024-02-29 13195506 d:InvestmentPropertiesRevaluationReserve 2023-02-28 13195506 d:RetainedEarningsAccumulatedLosses 2024-02-29 13195506 d:RetainedEarningsAccumulatedLosses 2023-02-28 13195506 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 13195506 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 13195506 c:FRS102 2023-03-01 2024-02-29 13195506 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13195506 c:FullAccounts 2023-03-01 2024-02-29 13195506 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13195506 2 2023-03-01 2024-02-29 13195506 4 2023-03-01 2024-02-29 13195506 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 13195506





 
Lordem Investments Ltd          
 
Financial statements          

For the year ended 29 February 2024          

 
Lordem Investments Ltd
Registered number:13195506

Balance sheet
As at 29 February 2024

29 February
28 February
2024
2023
                                                                                   Note
£
£

Fixed assets
  

Investment property
  
403,908
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,381

Cash at bank and in hand
 6 
722,965
1,069,760

  
722,965
1,071,141

Creditors: amounts falling due within one year
 7 
(5,711)
(1,500)

Net current assets
  
 
 
717,254
 
 
1,069,641

Provisions for liabilities
  

Deferred tax
  
(8,552)
-

Net assets
  
1,112,610
1,069,641


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
25,657
-

Profit and loss account
  
1,086,853
1,069,541

  
1,112,610
1,069,641


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 27 November 2024.




R Masser
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
Lordem Investments Ltd
 
 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

Lordem Investments Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Page 2

 
Lordem Investments Ltd
 
 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors 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.

 
2.7

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.

 
2.8

Creditors

Short-term creditors 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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
Lordem Investments Ltd
 
 
Notes to the financial statements
For the year ended 29 February 2024

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
369,699


Surplus on revaluation
34,209



At 29 February 2024
403,908

The 2024 valuations were made by the director, having regard to professional advice taken personally, and are on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

29 February
28 February
2024
2023
£
£


Historic cost
358,736
-


5.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
-
1,381



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
722,965
1,069,760


Page 4

 
Lordem Investments Ltd
 
 
Notes to the financial statements
For the year ended 29 February 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
4,211
-

Accruals and deferred income
1,500
1,500

5,711
1,500



8.


Deferred taxation






2024


£






Charged to profit or loss
8,552



At end of year
8,552

The deferred taxation balance is made up as follows:

29 February
28 February
2024
2023
£
£


Unrealised surplus on revalued investment property
8,552
-

 
Page 5