Lioncrest Construction Limited 05950080 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is construction and building services. Digita Accounts Production Advanced 6.30.9574.0 true 05950080 2023-07-01 2024-06-30 05950080 2024-06-30 05950080 core:CurrentFinancialInstruments 2024-06-30 05950080 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05950080 bus:SmallEntities 2023-07-01 2024-06-30 05950080 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05950080 bus:FilletedAccounts 2023-07-01 2024-06-30 05950080 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05950080 bus:RegisteredOffice 2023-07-01 2024-06-30 05950080 bus:Director2 2023-07-01 2024-06-30 05950080 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05950080 countries:EnglandWales 2023-07-01 2024-06-30 05950080 2022-07-01 2023-06-30 05950080 2023-06-30 05950080 core:CurrentFinancialInstruments 2023-06-30 05950080 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 05950080

Lioncrest Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Lioncrest Construction Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lioncrest Construction Limited

Company Information

Director:

M Rainfray

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

05950080

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Lioncrest Construction Limited

(Registration number: 05950080)
Balance Sheet as at 30 June 2024

Note

30.06.24

30.06.23

     

£

£

CURRENT ASSETS

   

 

Debtors

4

 

180

 

1,273

Cash at bank and in hand

   

9,582

 

14,593

   

9,762

 

15,866

CREDITORS

   

 

Creditors within 1yr

5

 

1,080

 

2,158

Net assets

   

8,682

 

13,708

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

8,681

 

13,707

Shareholders' funds

   

8,682

 

13,708

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025

.........................................
M Rainfray
Director

 

Lioncrest Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 27 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.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Lioncrest Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Lioncrest Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4.

Debtors

30.06.24
£

30.06.23
£

Other debtors

180

1,273

180

1,273

Included in other debtors is £180 owed by the director which was repaid within 9 months of the year-end.

5.

Creditors

Creditors: amounts falling due within one year

30.06.24
£

30.06.23
£

Due within one year

Accruals and deferred income

1,080

840

Other creditors

-

1,318

1,080

2,158