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REGISTERED NUMBER: 10887095 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

LICHFIELD PROPERTY DEVELOPMENTS LTD

LICHFIELD PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 10887095)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LICHFIELD PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: JB Barrett
WP Jones





REGISTERED OFFICE: 20 Kent Road
Northampton
Northamptonshire
NN5 4DR





REGISTERED NUMBER: 10887095 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LICHFIELD PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 10887095)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3,139,432 2,007,245
Debtors 4 105,992 149,007
Cash at bank and in hand 63,944 1,875
3,309,368 2,158,127
CREDITORS
Amounts falling due within one year 5 2,497,268 796,173
NET CURRENT ASSETS 812,100 1,361,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,100

1,361,954

CREDITORS
Amounts falling due after more than one
year

6

812,000

1,361,855
NET ASSETS 100 99

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - (1 )
SHAREHOLDERS' FUNDS 100 99

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

LICHFIELD PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 10887095)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





JB Barrett - Director


LICHFIELD PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 10887095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Lichfield Property Developments Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 97,000 60,000
VAT 8,992 89,007
105,992 149,007

LICHFIELD PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 10887095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,377,511 -
Trade creditors 250,484 70,908
PAYE and NIC 15,463 -
Other creditors 852,160 723,615
Accrued expenses 1,650 1,650
2,497,268 796,173

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 349,855
Other loans - 2-5 years 812,000 1,012,000
812,000 1,361,855

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,377,511 349,855
Other loans 812,000 1,012,000
2,189,511 1,361,855

All loans are secured against the assets of the company and by personal guarantees provided by the directors.

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.