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Company No: 01724396 (England and Wales)

LEJARA HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

LEJARA HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

LEJARA HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
LEJARA HOLDINGS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTOR G Keevil
SECRETARY Southern Secretarial Services Limited
REGISTERED OFFICE Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 01724396 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
LEJARA HOLDINGS LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
LEJARA HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 479,049 480,216
479,049 480,216
Current assets
Debtors 4 36,276 3,947
Cash at bank and in hand 4,658 25,906
40,934 29,853
Creditors: amounts falling due within one year 5 ( 53,834) ( 36,689)
Net current liabilities (12,900) (6,836)
Total assets less current liabilities 466,149 473,380
Creditors: amounts falling due after more than one year 6 ( 33,737) ( 64,565)
Provision for liabilities 7 ( 45,148) ( 45,259)
Net assets 387,264 363,556
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 380,902 380,902
Profit and loss account 6,262 ( 17,446 )
Total shareholder's funds 387,264 363,556

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lejara Holdings Limited (registered number: 01724396) were approved and authorised for issue by the Director on 21 March 2025. They were signed on its behalf by:

G Keevil
Director
LEJARA HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
LEJARA HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lejara Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

The Company's functional currency is Botswana Pula. This differs from the presentational currency which is GBP. The reason for the difference is that the financial statements of this Company are published in the United Kingdom.

Assets and liabilities are translated at the closing rate at the date of the statement of financial position.

Income and expenses are translated at the average rate for the period.

The resulting exchange differences are recognised in other comprehensive income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 480,216
Foreign exchange movement (1,167)
As at 30 June 2024 479,049

Valuation

The 2024 valuations were made by the director, on an open market value for existing use basis.

4. Debtors

2024 2023
£ £
Trade debtors 4,178 0
Other debtors 32,098 3,947
36,276 3,947

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 31,466 23,600
Other creditors 22,368 13,089
53,834 36,689

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 33,737 64,565

The bank loan is secured by mortgage bond over tribal lot 1213 Mogoditshane, Gaborone. It bears interest at 8.5% per annum, is repayable in equal monthly instalments of Pula 50,834 and is repayable over 10 years.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 45,259) ( 48,783)
Charged to the Profit and Loss Account ( 1,712) ( 3,100)
Credited to the Statement of Comprehensive Income 1,823 6,624
At the end of financial year ( 45,148) ( 45,259)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances 9,577 9,600
Revaluation of investment property ( 54,725) ( 54,859)
( 45,148) ( 45,259)

8. Related party transactions

During the year the Company made loans to the director and shareholder, G Keevil. At the year end G Keevil owed the Company £28,675 (2023 - £nil).

During the year the Company made loans to Charterhouse Investments (Pty) Limited, a company controlled by G Keevil. At the year end Charterhouse Investments (Pty) Limited owed the Company £4,109 (2023 - £nil).

The loans are all unsecured, bear no interest and have no fixed terms of repayment.