Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falsefalsetrue2023-08-10falseNo description of principal activity 15063688 2023-08-09 15063688 2023-08-10 2024-08-31 15063688 2023-01-01 2023-08-09 15063688 2024-08-31 15063688 c:Director1 2023-08-10 2024-08-31 15063688 d:FreeholdInvestmentProperty 2023-08-10 2024-08-31 15063688 d:FreeholdInvestmentProperty 2024-08-31 15063688 d:CurrentFinancialInstruments 2024-08-31 15063688 d:Non-currentFinancialInstruments 2024-08-31 15063688 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15063688 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 15063688 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 15063688 d:ShareCapital 2024-08-31 15063688 d:RetainedEarningsAccumulatedLosses 2024-08-31 15063688 c:FRS102 2023-08-10 2024-08-31 15063688 c:AuditExempt-NoAccountantsReport 2023-08-10 2024-08-31 15063688 c:FullAccounts 2023-08-10 2024-08-31 15063688 c:PrivateLimitedCompanyLtd 2023-08-10 2024-08-31 15063688 e:PoundSterling 2023-08-10 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 15063688










LIME COURT PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
LIME COURT PROPERTIES LIMITED
REGISTERED NUMBER: 15063688

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
Note
£

Fixed assets
  

Investment property
  
421,214

  
421,214

Current assets
  

Cash at bank and in hand
 5 
1,330

  
1,330

Creditors: amounts falling due within one year
 6 
(138,622)

Net current (liabilities)/assets
  
 
 
(137,292)

Total assets less current liabilities
  
283,922

Creditors: amounts falling due after more than one year
 7 
(292,555)

  

Net (liabilities)/assets
  
(8,633)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(8,733)

  
(8,633)


Page 1

 
LIME COURT PROPERTIES LIMITED
REGISTERED NUMBER: 15063688
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 by: 


................................................
Philip Menday
Director

Date: 28 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LIME COURT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Lime Court Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pinnacle, Building A, 150-170 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1FD.

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

Going concern

The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, he continues to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 
LIME COURT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

Page 4

 
LIME COURT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the Period was 1.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
421,214



At 31 August 2024
421,214

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








5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,330

1,330


Page 5

 
LIME COURT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
136,872

Accruals and deferred income
1,750

138,622



7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
292,555

292,555


The following liabilities were secured:




Details of security provided:

The other loans are secured by Fleet Mortgages Limited.


8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Other loans
292,555

292,555

292,555


 
Page 6