Company Registration No. 07620558 (England and Wales)
Lighthouse Estate Ltd
Unaudited accounts
for the period from 1 April 2023 to 30 September 2024
Lighthouse Estate Ltd
Unaudited accounts
Contents
Lighthouse Estate Ltd
Company Information
for the period from 1 April 2023 to 30 September 2024
Directors
MEHMET, Robert
MEHMET, Sandra Ruth
Company Number
07620558 (England and Wales)
Registered Office
7 THE LINCOLNS
LONDON
NW7 4PD
Lighthouse Estate Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
16,989
27,182
Investment property
9,259,717
9,089,717
Debtors
9,441,272
9,479,150
Cash at bank and in hand
90,637
339,214
Creditors: amounts falling due within one year
(25,147)
(134,942)
Net current assets
9,506,762
9,683,422
Net assets
18,783,470
18,800,323
Called up share capital
200
200
Share premium
17,380,854
17,380,854
Profit and loss account
1,402,416
1,419,269
Shareholders' funds
18,783,470
18,800,323
For the period ending 30 September 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 4 December 2024 and were signed on its behalf by
MEHMET, Robert
Director
Company Registration No. 07620558
Lighthouse Estate Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
Lighthouse Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 07620558. The registered office is 7 THE LINCOLNS, LONDON, NW7 4PD.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Lighthouse Estate Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
4
Intangible fixed assets
Goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of nil years.
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
127,004
14,250
141,254
At 30 September 2024
127,004
14,250
141,254
At 1 April 2023
102,357
11,715
114,072
Charge for the period
9,242
951
10,193
At 30 September 2024
111,599
12,666
124,265
At 30 September 2024
15,405
1,584
16,989
At 31 March 2023
24,647
2,535
27,182
Fair value at 1 April 2023
9,089,717
At 30 September 2024
9,259,717
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognized in profit or loss.
Lighthouse Estate Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
7
Investments
Subsidiary undertakings
Valuation at 1 April 2023
1
Valuation at 30 September 2024
1
The company holds 100% share capital in Pattern House Ltd (registered in England and Wales).
Amounts falling due within one year
Trade debtors
165,448
126,065
Amounts due from group undertakings etc.
-
10,123
Amounts falling due after more than one year
Amounts due from group undertakings etc.
9,274,734
9,329,734
9
Creditors: amounts falling due within one year
2024
2023
Trade creditors
63,660
41,747
Taxes and social security
(1,021)
29,881
Other creditors
170,453
232,027
Loans from directors
(211,185)
(173,623)
10
Transactions with related parties
During the year, the Company invoiced £157,827 to Pattern House Ltd, the subsidiary company for the property management services.
At the year-end, a balance of £54,026 was due to Pattern House Ltd and £9,274,734 was due from Pattern House Ltd
11
Average number of employees
During the period the average number of employees was 4 (2023: 4).