Company Registration No. 00698950 (England and Wales)
Lesfield Investments Limited
Unaudited accounts
for the year ended 31 March 2024
Lesfield Investments Limited
Unaudited accounts
Contents
Lesfield Investments Limited
Company Information
for the year ended 31 March 2024
Directors
Mr N Mayersohn
Mr M Mayerson
Mr I Mayerson
Company Number
00698950 (England and Wales)
Registered Office
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Lesfield Investments Limited
Statement of financial position
as at 31 March 2024
Investment property
240,000
240,000
Cash at bank and in hand
29,977
21,148
Creditors: amounts falling due within one year
(9,840)
(9,840)
Net current assets
93,585
95,393
Total assets less current liabilities
333,585
335,393
Provisions for liabilities
Deferred tax
(32,000)
(32,000)
Net assets
301,585
303,393
Called up share capital
5,502
5,502
Fair value reserve
188,300
188,300
Profit and loss account
107,783
109,591
Shareholders' funds
301,585
303,393
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by
Mr N Mayersohn
Director
Company Registration No. 00698950
Lesfield Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
Lesfield Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 00698950. The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rents received on investment properties.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2023
240,000
The investment property was valued by the directors as at the balance sheet date on an open market for existing use basis.
Lesfield Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
6,000
6,000
Other debtors
67,448
78,085
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
9,000
9,000
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).