IRIS Accounts Production v24.3.2.46 03696207 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036962072023-07-31036962072024-07-31036962072023-08-012024-07-31036962072022-07-31036962072022-08-012023-07-31036962072023-07-3103696207ns15:EnglandWales2023-08-012024-07-3103696207ns14:PoundSterling2023-08-012024-07-3103696207ns10:Director12023-08-012024-07-3103696207ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103696207ns10:SmallEntities2023-08-012024-07-3103696207ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103696207ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103696207ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103696207ns10:FullAccounts2023-08-012024-07-3103696207ns10:Director22023-08-012024-07-3103696207ns10:CompanySecretary12023-08-012024-07-3103696207ns10:RegisteredOffice2023-08-012024-07-3103696207ns5:CurrentFinancialInstruments2024-07-3103696207ns5:CurrentFinancialInstruments2023-07-3103696207ns5:ShareCapital2024-07-3103696207ns5:ShareCapital2023-07-3103696207ns5:RetainedEarningsAccumulatedLosses2024-07-3103696207ns5:RetainedEarningsAccumulatedLosses2023-07-3103696207ns5:FurnitureFittings2023-08-012024-07-3103696207ns5:MotorVehicles2023-08-012024-07-3103696207ns5:ComputerEquipment2023-08-012024-07-3103696207ns5:FurnitureFittings2023-07-3103696207ns5:MotorVehicles2023-07-3103696207ns5:ComputerEquipment2023-07-3103696207ns5:FurnitureFittings2024-07-3103696207ns5:MotorVehicles2024-07-3103696207ns5:ComputerEquipment2024-07-3103696207ns5:FurnitureFittings2023-07-3103696207ns5:MotorVehicles2023-07-3103696207ns5:ComputerEquipment2023-07-3103696207ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103696207ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 03696207 (England and Wales)









F N LUSH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






F N LUSH LIMITED (REGISTERED NUMBER: 03696207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F N LUSH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A R Tredgett
Mrs L A Tredgett





SECRETARY: Mrs L A Tredgett





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 03696207 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

F N LUSH LIMITED (REGISTERED NUMBER: 03696207)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,456 7,127
Investment property 5 1,001,633 1,011,750
1,007,089 1,018,877

CURRENT ASSETS
Debtors 6 1,996 740
Cash at bank 58,926 60,770
60,922 61,510
CREDITORS
Amounts falling due within one year 7 333,611 320,790
NET CURRENT LIABILITIES (272,689 ) (259,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,400

759,597

PROVISIONS FOR LIABILITIES 141,562 144,509
NET ASSETS 592,838 615,088

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 592,638 614,888
SHAREHOLDERS' FUNDS 592,838 615,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

F N LUSH LIMITED (REGISTERED NUMBER: 03696207)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2025 and were signed on its behalf by:





A R Tredgett - Director


F N LUSH LIMITED (REGISTERED NUMBER: 03696207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

F N Lush 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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


F N LUSH LIMITED (REGISTERED NUMBER: 03696207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

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.

Turnover
Turnover represents net sales of services, excluding value added tax and rent receivable from the company's investment properties.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,505 19,185 1,669 22,359
DEPRECIATION
At 1 August 2023 1,504 12,898 830 15,232
Charge for year - 1,258 413 1,671
At 31 July 2024 1,504 14,156 1,243 16,903
NET BOOK VALUE
At 31 July 2024 1 5,029 426 5,456
At 31 July 2023 1 6,287 839 7,127

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,011,750
Revaluations (10,117 )
At 31 July 2024 1,001,633
NET BOOK VALUE
At 31 July 2024 1,001,633
At 31 July 2023 1,011,750

F N LUSH LIMITED (REGISTERED NUMBER: 03696207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 668,357
Valuation in 2021 40,000
Valuation in 2022 95,000
Valuation in 2023 (53,250 )
Valuation in 2024 (10,117 )
Cost 261,643
1,001,633

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 261,643 261,643

Freehold investment properties were valued on an open market basis on 31 July 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,260 -
Other debtors 736 740
1,996 740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 617 4,164
Other creditors 332,994 316,626
333,611 320,790