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Company Registration No. 11053694 (England and Wales)
LH & SV Properties Limited Unaudited accounts for the year ended 30 November 2024
LH & SV Properties Limited Unaudited accounts Contents
Page
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LH & SV Properties Limited Company Information for the year ended 30 November 2024
Directors
Mr Lee Holbrook Mrs Sharon Holbrook
Company Number
11053694 (England and Wales)
Registered Office
14 MIDDLETONS YARD POTTER STREET WORKSOP NOTTINGHAMSHIRE S80 2FT UNITED KINGDOM
Accountants
Athelstan Accounting Ltd 14 Middletons Yard Worksop Nottinghamshire S80 2FT
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LH & SV Properties Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
819,945 
819,945 
Current assets
Debtors
605 
168 
Cash at bank and in hand
11,511 
9,749 
12,116 
9,917 
Creditors: amounts falling due within one year
(486,721)
(506,439)
Net current liabilities
(474,605)
(496,522)
Total assets less current liabilities
345,340 
323,423 
Creditors: amounts falling due after more than one year
(232,095)
(182,031)
Provisions for liabilities
Deferred tax
(15,499)
(15,499)
Net assets
97,746 
125,893 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
51,482 
51,482 
Profit and loss account
46,164 
74,311 
Shareholders' funds
97,746 
125,893 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Mrs Sharon Holbrook Director Company Registration No. 11053694
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LH & SV Properties Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
LH & SV Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11053694. The registered office is 14 MIDDLETONS YARD, POTTER STREET, WORKSOP, NOTTINGHAMSHIRE, S80 2FT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Accounting convention
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention , ( modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value). The principal accounting policies adopted are set out below.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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LH & SV Properties Limited Notes to the Accounts for the year ended 30 November 2024
Investment property
Investment property, which is property held to earn rentals and/or for Capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
- 
114,699 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
819,945 
At 30 November 2024
819,945 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
605 
168 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,800 
10,800 
VAT
722 
750 
Taxes and social security
- 
4,127 
Loans from directors
474,042 
484,291 
Accruals
1,157 
6,471 
486,721 
506,439 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,597 
22,533 
Amounts owed to group undertakings and other participating interests
219,498 
159,498 
232,095 
182,031 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
15,499 
15,499 
2024 
2023 
£ 
£ 
Provision at start of year
15,499 
15,499 
Provision at end of year
15,499 
15,499 
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LH & SV Properties Limited Notes to the Accounts for the year ended 30 November 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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