Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 13015988 C Lev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13015988 2023-11-30 13015988 2024-11-30 13015988 2023-12-01 2024-11-30 13015988 frs-core:CurrentFinancialInstruments 2024-11-30 13015988 frs-core:Non-currentFinancialInstruments 2024-11-30 13015988 frs-core:ShareCapital 2024-11-30 13015988 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13015988 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13015988 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 13015988 frs-bus:SmallEntities 2023-12-01 2024-11-30 13015988 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13015988 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13015988 frs-bus:Director1 2023-12-01 2024-11-30 13015988 frs-countries:EnglandWales 2023-12-01 2024-11-30 13015988 2022-11-30 13015988 2023-11-30 13015988 2022-12-01 2023-11-30 13015988 frs-core:CurrentFinancialInstruments 2023-11-30 13015988 frs-core:Non-currentFinancialInstruments 2023-11-30 13015988 frs-core:ShareCapital 2023-11-30 13015988 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 13015988
LIR Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13015988
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 596,473 526,964
596,473 526,964
CURRENT ASSETS
Debtors 5 - 738
Cash at bank and in hand 4,345 12,195
4,345 12,933
Creditors: Amounts Falling Due Within One Year 6 (209,722 ) (161,763 )
NET CURRENT ASSETS (LIABILITIES) (205,377 ) (148,830 )
TOTAL ASSETS LESS CURRENT LIABILITIES 391,096 378,134
Creditors: Amounts Falling Due After More Than One Year 7 (462,274 ) (410,684 )
NET LIABILITIES (71,178 ) (32,550 )
CAPITAL AND RESERVES
Called up share capital 8 150 150
Income Statement (71,328 ) (32,700 )
SHAREHOLDERS' FUNDS (71,178) (32,550)
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
C Lev
Director
07/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LIR Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13015988 . The registered office is Enterprise House First Floor, 2 The Crest, London, London, NW4 2HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 December 2023 526,964
Additions 399,309
Disposals (329,800 )
As at 30 November 2024 596,473
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - (4,169 )
Other debtors - 4,907
- 738
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other creditors 2,647 -
Accruals and deferred income 2,520 1,680
Director's loan account 204,555 160,084
209,722 161,763
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 462,274 410,684
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 4