Company Registration No. 07644995 (England and Wales)
Lemon Chapel Limited
Unaudited accounts
for the year ended 31 May 2024
Lemon Chapel Limited
Unaudited accounts
Contents
Lemon Chapel Limited
Company Information
for the year ended 31 May 2024
Directors
The Chynoweth Property Company Limited
Mrs R H Stewart-Tull
Ms K J Furness
Company Number
07644995 (England and Wales)
Registered Office
10-11 Edward Street
Truro
Cornwall
TR1 3AR
UK
Accountants
Laws Books Limited
Lukes Cottage
Green Lane Mawla
Redruth
Cornwall
TR16 5DW
Lemon Chapel Limited
Statement of financial position
as at 31 May 2024
Investments
274,808
274,808
Cash at bank and in hand
17,104
12,471
Creditors: amounts falling due within one year
(2,785)
(4,024)
Net current assets
14,319
8,950
Total assets less current liabilities
289,127
283,758
Creditors: amounts falling due after more than one year
(119,881)
(119,881)
Net assets
169,246
163,877
Called up share capital
24
24
Profit and loss account
169,222
163,853
Shareholders' funds
169,246
163,877
For the year ending 31 May 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 21 January 2025 and were signed on its behalf by
Mrs R H Stewart-Tull
Director
Company Registration No. 07644995
Lemon Chapel Limited
Notes to the Accounts
for the year ended 31 May 2024
Lemon Chapel Limited is a private company, limited by shares, registered in England and Wales, registration number 07644995. The registered office is 10-11 Edward Street, Truro, Cornwall, TR1 3AR, UK.
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 year, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The investment property is shown at cost.
4
Investments
Other investments
Valuation at 1 June 2023
274,808
Valuation at 31 May 2024
274,808
The investment property was purchased in 2012 and the directors consider its value to be equal to cost.
Amounts falling due after more than one year
Accrued income and prepayments
-
503
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,790
3,029
Lemon Chapel Limited
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
119,881
119,881
Creditors falling due after one year consists of a loan from each Director. These loans are detailed in Note 9, Related party transactions.
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24
24
9
Transactions with related parties
The investment property is rented at market value to businesses owned by the directors.
Creditors falling due after more than one year consist of a loan from each Director. These loans have no fixed repayment term, are unsecured and interest free.
Loan from Director - The Chynoweth Property Company Limted - £49,959
Loan from Director - Mrs RH Stewart-Tull - £39,816
Loan from Director - Ms KJ Furness - £30,106
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).