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LESBIREL PROPERTY INVESTMENTS LIMITED

Registered Number
10796288
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LESBIREL PROPERTY INVESTMENTS LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

LESBIREL, Sophie Samantha
LESBIREL, Steven Thornton

Registered Address

30 Avenue Road
Abergavenny
NP7 7DB

Registered Number

10796288 (England and Wales)
LESBIREL PROPERTY INVESTMENTS LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4727,827728,316
727,827728,316
Current assets
Debtors5142,387142,708
Current asset investments1,006,0861,181,801
Cash at bank and on hand15,55613,456
1,164,0291,337,965
Creditors amounts falling due within one year6(1,121,349)(1,312,617)
Net current assets (liabilities)42,68025,348
Total assets less current liabilities770,507753,664
Creditors amounts falling due after one year7(10,395)-
Net assets760,112753,664
Capital and reserves
Called up share capital200,000200,000
Profit and loss account560,112553,664
Shareholders' funds760,112753,664
The financial statements were approved and authorised for issue by the Board of Directors on 24 February 2025, and are signed on its behalf by:
LESBIREL, Sophie Samantha
Director
LESBIREL, Steven Thornton
Director

Registered Company No. 10796288
LESBIREL PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year12
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 June 23726,3612,368728,729
At 31 May 24726,3612,368728,729
Depreciation and impairment
At 01 June 23-413413
Charge for year-489489
At 31 May 24-902902
Net book value
At 31 May 24726,3611,466727,827
At 31 May 23726,3611,955728,316
5.Debtors: amounts due within one year

2024

2023

££
Other debtors142,387142,708
Total142,387142,708
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables559,762745,642
Taxation and social security2,912-
Other creditors538,675556,675
Accrued liabilities and deferred income20,00010,300
Total1,121,3491,312,617
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,395-
Total10,395-