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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
Page
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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
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Lesfield Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
240,000 
240,000 
Current assets
Debtors
73,448 
84,085 
Cash at bank and in hand
29,977 
21,148 
103,425 
105,233 
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 
Capital and reserves
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
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Lesfield Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
240,000 
At 31 March 2024
240,000 
The investment property was valued by the directors as at the balance sheet date on an open market for existing use basis.
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Lesfield Investments Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
6,000 
6,000 
Other debtors
67,448 
78,085 
73,448 
84,085 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
9,000 
9,000 
Accruals
840 
840 
9,840 
9,840 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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