Caseware UK (AP4) 2024.0.164 2024.0.164 13No description of principal activitytruefalsefalse2024-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI668057 2024-01-01 2024-08-31 NI668057 2023-01-01 2023-12-31 NI668057 2024-08-31 NI668057 2023-12-31 NI668057 c:Director1 2024-01-01 2024-08-31 NI668057 d:CurrentFinancialInstruments 2024-08-31 NI668057 d:CurrentFinancialInstruments 2023-12-31 NI668057 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 NI668057 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI668057 d:ShareCapital 2024-08-31 NI668057 d:ShareCapital 2023-12-31 NI668057 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-08-31 NI668057 d:RetainedEarningsAccumulatedLosses 2024-08-31 NI668057 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI668057 c:OrdinaryShareClass1 2024-01-01 2024-08-31 NI668057 c:OrdinaryShareClass1 2024-08-31 NI668057 c:FRS102 2024-01-01 2024-08-31 NI668057 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-08-31 NI668057 c:FullAccounts 2024-01-01 2024-08-31 NI668057 c:PrivateLimitedCompanyLtd 2024-01-01 2024-08-31 NI668057 e:PoundSterling 2024-01-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: NI668057










Lesley Holywood Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 August 2024

 
Lesley Holywood Properties Limited
Registered number: NI668057

Balance Sheet
As at 31 August 2024

31 August
31 December
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,921,442
2,888,707

Debtors: amounts falling due within one year
 5 
949,574
595

  
3,871,016
2,889,302

Creditors: amounts falling due within one year
 6 
(4,522,165)
(3,312,773)

Net current liabilities
  
 
 
(651,149)
 
 
(423,471)

Total assets less current liabilities
  
(651,149)
(423,471)

  

Net liabilities
  
(651,149)
(423,471)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
 8 
(651,249)
(423,571)

  
(651,149)
(423,471)


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 profit and loss account 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 on 4 March 2025.



Mr P Polly
Director

img13cd.png
Page 1

 
Lesley Holywood Properties Limited
Registered number: NI668057

Balance Sheet (continued)
As at 31 August 2024

The notes on pages 3 to 7 form part of these financial statements.

img450d.png
Page 2

 
Lesley Holywood Properties Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 August 2024

1.


General information

Lesley Holywood Properties Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements. 

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

These financial statements have been prepared on the going concern basis, notwithstanding the fact that the company had a net shareholders deficit. The company is in early stages of property development and accordingly losses are anticipated. The director has evaluated the company's current position and future plans and have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The director continues to pursue the development potential of land held and have included the current economic climate and property market in their considerations. The company relies on other members of the group for necessary cash to meet its ongoing creditor obligations and liabilities for the foreseeable future. The group have committed to providing this continued support. In light of the above, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Borrowing costs

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

  
2.5

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

img2363.png
Page 3

 
Lesley Holywood Properties Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 August 2024

2.Accounting policies (continued)

 
2.7

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.

img48ce.png
Page 4

 
Lesley Holywood Properties Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 August 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees




The average monthly number of employees, including directors, during the Period was 1 (2023 - 3).


4.


Stocks

31 August
31 December
2024
2023
£
£

Work in progress
2,921,442
2,888,707

2,921,442
2,888,707


img1333.png
Page 5

 
Lesley Holywood Properties Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 August 2024

5.


Debtors

31 August
31 December
2024
2023
£
£


Amounts owed by group undertakings
946,220
-

Other debtors
2,759
-

Prepayments and accrued income
595
595

949,574
595



6.


Creditors: Amounts falling due within one year

31 August
31 December
2024
2023
£
£

Bank loans
4,289,978
-

Trade creditors
1
-

Amounts owed to group undertakings
230,436
3,311,023

Accruals and deferred income
1,750
1,750

4,522,165
3,312,773


Amounts owed to group undertakings are unsecured, interest free and repayable on demand. 

img5045.png
Page 6

 
Lesley Holywood Properties Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 August 2024

7.


Share capital

31 August
31 December
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses and other adjustments.


9.Other financial commitments and guarantees

The company has provided security in the form of all future rights, titles and interest of all future assigned contracts in favour of its parent company


10.


Related party transactions

Lesley Holywood Properties Limited is a company incorporated in Northern Ireland and is a subsidiary of Cosy Group Holdings Limited.
Advantage has been taken of the exemption under FRS 102 Section 33.1A not to disclose transactions between wholly owned members of the group.


11.


Controlling party

Cosy Group Holdings Limited, a Northern Ireland registered company, is the 100% parent company of Lesley Holywood Properties Limited. Mr Philip Polly is the ultimate controlling party of the Company. .


img1fbd.png
Page 7