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REGISTERED NUMBER: 12756637 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

LYRA HOMES (BOREHAMWOOD) LTD

LYRA HOMES (BOREHAMWOOD) LTD (REGISTERED NUMBER: 12756637)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LYRA HOMES (BOREHAMWOOD) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R Nehru





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 12756637 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

LYRA HOMES (BOREHAMWOOD) LTD (REGISTERED NUMBER: 12756637)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Stocks 592,348 592,348
Debtors 5 6,072,083 6,070,587
Cash at bank 3,703 36,519
6,668,134 6,699,454
CREDITORS
Amounts falling due within one year 6 955,805 980,639
NET CURRENT ASSETS 5,712,329 5,718,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,712,429

5,718,915

CREDITORS
Amounts falling due after more than one
year

7

4,666,500

4,666,500
NET ASSETS 1,045,929 1,052,415

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 9 - 1,163,767
Retained earnings 1,045,829 (111,452 )
SHAREHOLDERS' FUNDS 1,045,929 1,052,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 17 April 2025 and were signed by:





R Nehru - Director


LYRA HOMES (BOREHAMWOOD) LTD (REGISTERED NUMBER: 12756637)

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

1. STATUTORY INFORMATION

Lyra Homes (Borehamwood) Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

LYRA HOMES (BOREHAMWOOD) LTD (REGISTERED NUMBER: 12756637)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 6,070,067 6,062,965
Other debtors 2,016 7,622
6,072,083 6,070,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,420 9,003
Amounts owed to group undertakings 949,900 949,900
Other creditors 1,485 21,736
955,805 980,639

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 4,666,500 4,666,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 4,666,500 4,666,500

The loan is secured by way of fixed and floating charge on the investment property that has been transferred to the entity's subsidiary.

9. RESERVES
Non-distribut
reserves
£   
At 1 August 2023 1,163,767
Non-distributable reserves (1,163,767 )

At 31 July 2024 -