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Company Registration No. 11516347 (England and Wales)
L J Sims Properties Ltd Unaudited accounts for the year ended 31 August 2024
L J Sims Properties Ltd Unaudited accounts Contents
Page
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L J Sims Properties Ltd Company Information for the year ended 31 August 2024
Director
L J Sims
Company Number
11516347 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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L J Sims Properties Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
15,283 
14,882 
Creditors: amounts falling due within one year
(2,174)
(6,194)
Net current assets
13,109 
8,688 
Total assets less current liabilities
13,109 
8,688 
Creditors: amounts falling due after more than one year
- 
(194)
Net assets
13,109 
8,494 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
2,000 
2,000 
Profit and loss account
11,009 
6,394 
Shareholders' funds
13,109 
8,494 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 9 February 2025 and were signed on its behalf by
L J Sims Director Company Registration No. 11516347
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L J Sims Properties Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
L J Sims Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11516347. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,317 
1,306 
Loans from directors
437 
4,468 
Accruals
420 
420 
2,174 
6,194 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
194 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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