LNB PROPERTIES LIMITED

Company Registration Number:
13322120 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

LNB PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LNB PROPERTIES LIMITED

Company Information

for the Period Ended 30 April 2024




Director: Nicholas John Baxter
Lauren Nicole Hyde
Registered office: 1
Rivington Lane
Anderton
Chorley
England
PR6 9HQ
Company Registration Number: 13322120 (England and Wales)

LNB PROPERTIES LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 325,000 280,225
Total fixed assets: 325,000 280,225
Current assets
Debtors: 100 100
Cash at bank and in hand: 20 87
Total current assets: 120 187
Creditors: amounts falling due within one year: ( 42,004 ) ( 34,582 )
Net current assets (liabilities): ( 41,884 ) ( 34,395 )
Total assets less current liabilities: 283,116 245,830
Creditors: amounts falling due after more than one year: ( 113,000 ) ( 137,000 )
Provision for liabilities: ( 27,507 ) ( 19,000 )
Accruals and deferred income: ( 950 ) ( 950 )
Total net assets (liabilities): 141,659 88,880

The notes form part of these financial statements

LNB PROPERTIES LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 141,559 88,780
Shareholders funds: 141,659 88,880

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 January 2025
And Signed On Behalf Of The Board By:

Name: Nicholas John Baxter
Status: Director

The notes form part of these financial statements

LNB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stared net of discounts and of Value Added Tax.

    Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

    Tangible fixed assets depreciation policy

    Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise

    Other accounting policies

    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 law 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.

LNB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

LNB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

LNB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 280,225
Additions -
Disposals -
Revaluations 44,775
Transfers -
At 30 April 2024 325,000
Depreciation
At 01 May 2023 0
Charge for year -
On disposals -
Other adjustments -
At 30 April 2024 0
Net book value
At 30 April 2024 325,000
At 30 April 2023 280,225