Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12362809 Mr Elliott Bell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12362809 2023-12-31 12362809 2024-12-31 12362809 2024-01-01 2024-12-31 12362809 frs-core:CurrentFinancialInstruments 2024-12-31 12362809 frs-core:Non-currentFinancialInstruments 2024-12-31 12362809 frs-core:ShareCapital 2024-12-31 12362809 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12362809 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12362809 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12362809 frs-bus:SmallEntities 2024-01-01 2024-12-31 12362809 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12362809 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12362809 frs-bus:Director1 2024-01-01 2024-12-31 12362809 frs-countries:EnglandWales 2024-01-01 2024-12-31 12362809 2022-12-31 12362809 2023-12-31 12362809 2023-01-01 2023-12-31 12362809 frs-core:CurrentFinancialInstruments 2023-12-31 12362809 frs-core:Non-currentFinancialInstruments 2023-12-31 12362809 frs-core:ShareCapital 2023-12-31 12362809 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12362809
Henry Lexi Property Investment Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12362809
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 185,891 168,593
185,891 168,593
CURRENT ASSETS
Debtors 5 841 491
Cash at bank and in hand 5,959 2,760
6,800 3,251
Creditors: Amounts Falling Due Within One Year 6 (49,429 ) (48,733 )
NET CURRENT ASSETS (LIABILITIES) (42,629 ) (45,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES 143,262 123,111
Creditors: Amounts Falling Due After More Than One Year 7 (120,730 ) (120,730 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,287 ) -
NET ASSETS 19,245 2,381
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 19,244 2,380
SHAREHOLDERS' FUNDS 19,245 2,381
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Elliott Bell
Director
10/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Henry Lexi Property Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12362809 . The registered office is 34 Rosebury Avenue, Blackpool, Lancashire, FY4 1LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The company has transitioned from FRS 105 to FRS 102 Section 1A during the financial year in order to reflect investment property at fair value in the financial statements. The transition date to FRS 102 is 1 January 2024.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 168,593
Revaluations 17,298
As at 31 December 2024 185,891
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 841 491
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 48,759 48,422
Taxation and social security 669 311
49,429 48,733
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 120,730 120,730
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Transition to FRS 102
As part of the transition from FRS 105 to FRS 102 Section 1A, the company has adopted a policy to measure investment properties at fair value. Under FRS 105, investment properties were carried at cost less accumulated depreciation and impairment, with a value of £nil accumulated depreciation being charged. Therefore no adjustment to the opening balances is required upon adoption of the fair value model under FRS 102.
Page 4