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REGISTERED NUMBER: SC536924 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lesmac Properties Ltd

Lesmac Properties Ltd (Registered number: SC536924)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lesmac Properties Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: E R Kneale
Mrs L Cameron





REGISTERED OFFICE: 73 Dykehead Street
Queenslie Industrial Estate
Glasgow
G33 4AQ





REGISTERED NUMBER: SC536924 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Lesmac Properties Ltd (Registered number: SC536924)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 286,453 420,566

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 145,627 79,235
145,727 79,335
CREDITORS
Amounts falling due within one year 6 265,734 334,632
NET CURRENT LIABILITIES (120,007 ) (255,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,446

165,269

CREDITORS
Amounts falling due after more than one
year

7

-

24,879
NET ASSETS 166,446 140,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,346 140,290
166,446 140,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lesmac Properties Ltd (Registered number: SC536924)

Balance Sheet - continued
30 June 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 18 October 2024 and were signed on its behalf by:





E R Kneale - Director


Lesmac Properties Ltd (Registered number: SC536924)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lesmac Properties Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 420,566
Disposals (134,113 )
At 30 June 2024 286,453
NET BOOK VALUE
At 30 June 2024 286,453
At 30 June 2023 420,566

Lesmac Properties Ltd (Registered number: SC536924)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 2 (1 )
Taxation and social security 7,693 8,280
Other creditors 258,039 316,353
265,734 334,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 24,879

8. RELATED PARTY DISCLOSURES

Other creditors includes £258,039 due to Lesmac Fasteners Ltd, a company controlled by a director.