IRIS Accounts Production v24.3.2.46 02335268 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model 5232 4185 340000 578 1575 1625 333193 5232 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023352682023-04-30023352682024-04-30023352682023-05-012024-04-30023352682022-04-30023352682022-05-012023-04-30023352682023-04-3002335268ns15:EnglandWales2023-05-012024-04-3002335268ns14:PoundSterling2023-05-012024-04-3002335268ns10:Director12023-05-012024-04-3002335268ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002335268ns10:SmallEntities2023-05-012024-04-3002335268ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002335268ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002335268ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002335268ns10:FullAccounts2023-05-012024-04-3002335268ns10:Director2422023-04-3002335268ns10:Director2422022-04-3002335268ns10:Director2422023-05-012024-04-3002335268ns10:Director2422022-05-012023-04-3002335268ns10:Director2422024-04-3002335268ns10:Director2422023-04-3002335268ns10:Director32023-05-012024-04-3002335268ns10:RegisteredOffice2023-05-012024-04-3002335268ns5:CurrentFinancialInstruments2024-04-3002335268ns5:CurrentFinancialInstruments2023-04-3002335268ns5:Non-currentFinancialInstruments2024-04-3002335268ns5:Non-currentFinancialInstruments2023-04-3002335268ns5:ShareCapital2024-04-3002335268ns5:ShareCapital2023-04-3002335268ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3002335268ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3002335268ns5:RetainedEarningsAccumulatedLosses2024-04-3002335268ns5:RetainedEarningsAccumulatedLosses2023-04-3002335268ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-05-012024-04-3002335268ns5:FurnitureFittings2023-05-012024-04-3002335268ns5:LandBuildings2023-04-3002335268ns5:FurnitureFittings2023-04-3002335268ns5:LandBuildings2023-05-012024-04-3002335268ns5:LandBuildings2024-04-3002335268ns5:FurnitureFittings2024-04-3002335268ns5:LandBuildings2023-04-3002335268ns5:FurnitureFittings2023-04-3002335268ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002335268ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3002335268ns10:Director22023-05-012024-04-30023352683ns10:Director32023-04-30023352683ns10:Director32022-04-30023352683ns10:Director32023-05-012024-04-30023352683ns10:Director32022-05-012023-04-30023352683ns10:Director32024-04-30023352683ns10:Director32023-04-30
REGISTERED NUMBER: 02335268 (England and Wales)













LEE SAVELL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE SAVELL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs M Rogers
Mr R S Williams





REGISTERED OFFICE: 41 Stanley Road
Carshalton
Surrey
SM5 4LE





REGISTERED NUMBER: 02335268 (England and Wales)





ACCOUNTANTS: Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 31,137 32,692
Investment property 5 2,365,908 2,045,694
2,397,045 2,078,386

CURRENT ASSETS
Stocks 3,349,125 3,387,045
Debtors 6 2,245,917 1,766,201
Cash at bank and in hand 155,677 329,695
5,750,719 5,482,941
CREDITORS
Amounts falling due within one year 7 1,876,175 344,391
NET CURRENT ASSETS 3,874,544 5,138,550
TOTAL ASSETS LESS CURRENT LIABILITIES 6,271,589 7,216,936

CREDITORS
Amounts falling due after more than one year 8 (11,667 ) (1,421,194 )

PROVISIONS FOR LIABILITIES (160,723 ) (98,442 )
NET ASSETS 6,099,199 5,697,300

CAPITAL AND RESERVES
Called up share capital 152 152
Fair value reserve 782,313 527,974
Retained earnings 5,316,734 5,169,174
SHAREHOLDERS' FUNDS 6,099,199 5,697,300

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

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

LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr R S Williams - Director


LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Lee Savell Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line on cost
Fixtures and fittings - 20% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 May 2023
and 30 April 2024 49,940 27,036 76,976
DEPRECIATION
At 1 May 2023 18,867 25,417 44,284
Charge for year 800 755 1,555
At 30 April 2024 19,667 26,172 45,839
NET BOOK VALUE
At 30 April 2024 30,273 864 31,137
At 30 April 2023 31,073 1,619 32,692

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023 2,045,694
Additions 3,595
Revaluations 316,619
At 30 April 2024 2,365,908
NET BOOK VALUE
At 30 April 2024 2,365,908
At 30 April 2023 2,045,694

Fair value at 30 April 2024 is represented by:
£
Valuation in 2006 70,000
Valuation in 2007 50,000
Valuation in 2016 506,417
Valuation in 2024 316,620
Cost 1,422,871
2,365,908

The investment properties were valued on an open market basis on 30 April 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by participating interests 1,840,066 1,699,243
Other debtors 405,851 66,958
2,245,917 1,766,201

LEE SAVELL PROPERTIES LIMITED (REGISTERED NUMBER: 02335268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 1,530,111 155,297
Trade creditors 10,101 1,337
Taxation and social security 54,105 8,878
Other creditors 281,858 178,879
1,876,175 344,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 11,667 1,421,194

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
Mrs M Rogers and Mr E B Rogers
Balance outstanding at start of year (5,232 ) (4,185 )
Amounts advanced 340,000 578
Amounts repaid (1,575 ) (1,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 333,193 (5,232 )

The overdrawn directors' loan account has been repaid in full within 9 months of the year-end.