Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31truefalse2023-09-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4503407 2023-09-01 2024-08-31 4503407 2022-09-01 2023-08-31 4503407 2024-08-31 4503407 2023-08-31 4503407 c:Director2 2023-09-01 2024-08-31 4503407 d:MotorVehicles 2023-09-01 2024-08-31 4503407 d:MotorVehicles 2024-08-31 4503407 d:MotorVehicles 2023-08-31 4503407 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 4503407 d:FreeholdInvestmentProperty 2024-08-31 4503407 d:FreeholdInvestmentProperty 2023-08-31 4503407 d:CurrentFinancialInstruments 2024-08-31 4503407 d:CurrentFinancialInstruments 2023-08-31 4503407 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 4503407 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 4503407 d:ShareCapital 2024-08-31 4503407 d:ShareCapital 2023-08-31 4503407 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 4503407 d:RetainedEarningsAccumulatedLosses 2024-08-31 4503407 d:RetainedEarningsAccumulatedLosses 2023-08-31 4503407 c:FRS102 2023-09-01 2024-08-31 4503407 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 4503407 c:FullAccounts 2023-09-01 2024-08-31 4503407 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 4503407 d:OtherDeferredTax 2024-08-31 4503407 d:OtherDeferredTax 2023-08-31 4503407 2 2023-09-01 2024-08-31 4503407 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 4503407










LENVAL PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LENVAL PROPERTIES LIMITED
REGISTERED NUMBER: 4503407

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,380
43,865

Investment property
 5 
410,000
410,000

  
440,380
453,865

Current assets
  

Debtors: amounts falling due within one year
 6 
100,399
105,359

Current asset investments
 7 
263,377
231,192

Cash at bank and in hand
 8 
235,236
295,279

  
599,012
631,830

Creditors: amounts falling due within one year
 9 
(4,468)
(4,110)

Net current assets
  
 
 
594,544
 
 
627,720

Total assets less current liabilities
  
1,034,924
1,081,585

Provisions for liabilities
  

Deferred tax
 10 
(27,462)
(27,462)

  
 
 
(27,462)
 
 
(27,462)

Net assets
  
1,007,462
1,054,123


Capital and reserves
  

Called up share capital 
  
510
510

Profit and loss account
 11 
1,006,952
1,053,613

  
1,007,462
1,054,123


Page 1

 
LENVAL PROPERTIES LIMITED
REGISTERED NUMBER: 4503407

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2025.




M H Delin
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Lenval Properties Limited is a limited company incorporated in England and Wales.
The company's registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Investment property

Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in the Statement of income and retained earnings.

Page 4

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 September 2023
53,939



At 31 August 2024

53,939



Depreciation


At 1 September 2023
10,074


Charge for the year on owned assets
13,485



At 31 August 2024

23,559



Net book value



At 31 August 2024
30,380



At 31 August 2023
43,865


5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
410,000



At 31 August 2024
410,000

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


2024
2023
£
£


Historic cost
75,825
75,825

75,825
75,825

Page 6

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Other debtors
99,867
105,000

Prepayments and accrued income
532
359

100,399
105,359



7.


Current asset investments

2024
2023
£
£

Unlisted investments
263,377
231,192

263,377
231,192



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
235,236
295,279

235,236
295,279



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,870
3,801

Other taxation and social security
-
16

Other creditors
598
293

4,468
4,110


Page 7

 
LENVAL PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Deferred taxation




2024


£






At beginning of year
(27,462)



At end of year
(27,462)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On property revaluation
(27,462)
(27,462)

(27,462)
(27,462)


11.


Reserves

Profit and loss account

The profit and loss account comprises the retained profits and losses of the company, of which £115,538 (2023 : £115,538) is non-distributable as at 31 August 2024 as it relates to gains on fair value adjustments to investment property.


12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represent contributions payable by the company to the fund and amounted to £100,000 (2023 : £Nil). No contributions were payable to the fund at the balance sheet date.


Page 8