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Registration number: 15004845

Lexley Homes Ltd

Unaudited Filleted Financial Statements

for the Period from 14 July 2023 to 31 July 2024

 

Lexley Homes Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lexley Homes Ltd

Company Information

Directors

Mr Steven Michael Collins

Mrs Nina Catherine Collins

Registered office

June Cottage
Herne Lane
Littlehampton
West Sussex
BN16 3EE

Accountants

Matthews Hanton Limited
Chartered Certified Accountants93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

 

Lexley Homes Ltd

(Registration number: 15004845)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

289,487

Current assets

 

Cash at bank and in hand

 

9,301

Creditors: Amounts falling due within one year

5

(650)

Net current assets

 

8,651

Total assets less current liabilities

 

298,138

Creditors: Amounts falling due after more than one year

5

(303,930)

Net liabilities

 

(5,792)

Capital and reserves

 

Retained earnings

(5,792)

Shareholders' deficit

 

(5,792)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mr Steven Michael Collins
Director

 

Lexley Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 14 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
June Cottage
Herne Lane
Littlehampton
West Sussex
BN16 3EE
England

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Lexley Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 14 July 2023 to 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

289,487

289,487

At 31 July 2024

289,487

289,487

Depreciation

Carrying amount

At 31 July 2024

289,487

289,487

Included within the net book value of land and buildings above is £289,487 in respect of freehold land and buildings.
 

 

Lexley Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 14 July 2023 to 31 July 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

650

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

303,930

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

303,930