IRIS Accounts Production v24.3.2.46 03170327 Board of Directors 1.4.23 31.3.24 31.3.24 21.3.2025 false true false false true false Auditors Opinion Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031703272023-03-31031703272024-03-31031703272023-04-012024-03-31031703272022-03-31031703272022-04-012023-03-31031703272023-03-3103170327ns15:EnglandWales2023-04-012024-03-3103170327ns14:PoundSterling2023-04-012024-03-3103170327ns10:Director12023-04-012024-03-3103170327ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103170327ns10:SmallEntities2023-04-012024-03-3103170327ns10:Audited2023-04-012024-03-3103170327ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103170327ns10:FullAccounts2023-04-012024-03-3103170327ns10:OrdinaryShareClass12023-04-012024-03-3103170327ns10:Director22023-04-012024-03-3103170327ns10:RegisteredOffice2023-04-012024-03-3103170327ns5:CurrentFinancialInstruments2024-03-3103170327ns5:CurrentFinancialInstruments2023-03-3103170327ns5:Non-currentFinancialInstruments2024-03-3103170327ns5:Non-currentFinancialInstruments2023-03-3103170327ns5:ShareCapital2024-03-3103170327ns5:ShareCapital2023-03-3103170327ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3103170327ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3103170327ns5:RetainedEarningsAccumulatedLosses2024-03-3103170327ns5:RetainedEarningsAccumulatedLosses2023-03-3103170327ns5:PlantMachinery2023-03-3103170327ns5:FurnitureFittings2023-03-3103170327ns5:MotorVehicles2023-03-3103170327ns5:PlantMachinery2023-04-012024-03-3103170327ns5:FurnitureFittings2023-04-012024-03-3103170327ns5:MotorVehicles2023-04-012024-03-3103170327ns5:PlantMachinery2024-03-3103170327ns5:FurnitureFittings2024-03-3103170327ns5:MotorVehicles2024-03-3103170327ns5:PlantMachinery2023-03-3103170327ns5:FurnitureFittings2023-03-3103170327ns5:MotorVehicles2023-03-3103170327ns5:CostValuation2024-03-3103170327ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103170327ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103170327ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3103170327ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3103170327ns5:Secured2024-03-3103170327ns5:Secured2023-03-3103170327ns5:DeferredTaxation2023-03-3103170327ns5:DeferredTaxation2023-04-012024-03-3103170327ns5:DeferredTaxation2024-03-3103170327ns10:OrdinaryShareClass12024-03-3103170327ns5:RetainedEarningsAccumulatedLosses2023-03-3103170327ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3103170327ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 03170327 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LIONCREST INVESTMENTS LIMITED

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIONCREST INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Bindra
Mrs B K Bindra





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 03170327 (England and Wales)

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,824 10,499
Investments 5 251,000 250,500
Investment property 6 5,108,102 4,892,252
5,367,926 5,153,251

CURRENT ASSETS
Debtors 7 792,715 1,139,177
Cash at bank and in hand 56,340 47,319
849,055 1,186,496
CREDITORS
Amounts falling due within one year 8 139,266 92,773
NET CURRENT ASSETS 709,789 1,093,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,077,715

6,246,974

CREDITORS
Amounts falling due after more than one
year

9

(2,790,642

)

(2,955,060

)

PROVISIONS FOR LIABILITIES 12 (485,646 ) (385,744 )
NET ASSETS 2,801,427 2,906,170

CAPITAL AND RESERVES
Called up share capital 13 2 2
Fair value reserve 14 1,942,587 2,030,231
Retained earnings 14 858,838 875,937
SHAREHOLDERS' FUNDS 2,801,427 2,906,170

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





S Bindra - Director


LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

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

1. STATUTORY INFORMATION

LIONCREST INVESTMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicle - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 12,670 17,379 11,994 42,043
DEPRECIATION
At 1 April 2023 9,721 11,841 9,982 31,544
Charge for year 442 831 402 1,675
At 31 March 2024 10,163 12,672 10,384 33,219
NET BOOK VALUE
At 31 March 2024 2,507 4,707 1,610 8,824
At 31 March 2023 2,949 5,538 2,012 10,499

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 251,000
NET BOOK VALUE
At 31 March 2024 251,000
At 31 March 2023 251,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,892,252
Additions 415,850
Disposals (200,000 )
At 31 March 2024 5,108,102
NET BOOK VALUE
At 31 March 2024 5,108,102
At 31 March 2023 4,892,252

The investment properties that were classify as freehold properties in the year ended 31 March 2006 are now reclassified to Investment Properties by the director Mr S Bindra, as per director Mr S Bindra the main purpose of the properties is to earn rental income and capital appreciation.

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 371,000
Valuation in 2009 1,659,231
Cost 3,077,871
5,108,102

The investment properties were valued on an open market basis by the director Mr S Bindra. The director is of the opinion that there has been no significant variation in the values of the property in the year ended 31 March 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 60,249 60,374
Other Debtors 732,466 1,078,803
792,715 1,139,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 47,525 42,651
Tax 1,143 -
Social security and other taxes 18,485 19,657
Other creditors 500 -
Lloyds Business Charge Card 15,594 22,170
Directors' current accounts 48,149 425
Accruals and deferred income 3,670 3,670
Accrued expenses 4,200 4,200
139,266 92,773

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 10) 2,790,642 2,955,060

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 42,978 44,720

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due between two and five years:
Bank loans 2-5 years and over 2,747,664 2,910,340

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 42,978 44,720

11. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 2,790,642 2,955,060

12. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 485,646 385,744

Deferred
tax
£   
Balance at 1 April 2023 385,744
Provided during year 99,902
Balance at 31 March 2024 485,646

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2

LIONCREST INVESTMENTS LIMITED (REGISTERED NUMBER: 03170327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

14. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 875,937 2,030,231 2,906,168
Profit for the year 31,050 31,050
Dividends (48,149 ) (48,149 )
Disposals - (87,644 ) (87,644 )
At 31 March 2024 858,838 1,942,587 2,801,425

15. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andeep Kumar Mangal A.C.A. (Senior Statutory Auditor)
for and on behalf of Thapers Limited

16. RELATED PARTY DISCLOSURES

During the year Lioncrest Investments Limited entered into transactions with companies/entities in which Mr S Bindra has a beneficial interest. The transactions for and amounts outstanding at the year end were:
2024 2023
£ £
Other Debtors
Due from Related Companies 732,466 1,078,803
Other Creditors
Due to Related Companies (500 ) NIL