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REGISTERED NUMBER: 08655926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LEXTON ESTATES LTD

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEXTON ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S Grosskopf





REGISTERED OFFICE: Data House
43-45 Stamford Hill
London
N16 5SR





REGISTERED NUMBER: 08655926 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,699 5,529
Investment property 6 2,726,631 2,650,733
2,731,330 2,656,262

CURRENT ASSETS
Debtors 7 607,131 608,925
Cash at bank 3,575 53,939
610,706 662,864
CREDITORS
Amounts falling due within one year 8 (29,248 ) (38,166 )
NET CURRENT ASSETS 581,458 624,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,312,788

3,280,960

CREDITORS
Amounts falling due after more than one
year

9

(3,261,090

)

(3,271,091

)
NET ASSETS 51,698 9,869

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 51,598 9,769
SHAREHOLDERS' FUNDS 51,698 9,869

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 and authorized for issue by the director and authorised for issue on 15 May 2025 and were signed by:





S Grosskopf - Director


LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

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

1. STATUTORY INFORMATION

Lexton Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 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.

4. EMPLOYEES AND DIRECTORS

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

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 16,841
DEPRECIATION
At 1 September 2023 11,312
Charge for year 830
At 31 August 2024 12,142
NET BOOK VALUE
At 31 August 2024 4,699
At 31 August 2023 5,529

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,650,733
Additions 75,898
At 31 August 2024 2,726,631
NET BOOK VALUE
At 31 August 2024 2,726,631
At 31 August 2023 2,650,733

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 607,131 608,925

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 17,099 11,682
Other creditors 12,149 26,484
29,248 38,166

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 3,243,591 3,243,591
Other creditors 17,499 27,500
3,261,090 3,271,091

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,243,591 3,243,591

Other creditor includes Bounceback loan of £17,499 [2023 - £27,500]. The loan is unsecured and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 17,499 27,500

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,243,591 3,243,591

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 3,243,591 3,243,591

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

LEXTON ESTATES LTD (REGISTERED NUMBER: 08655926)

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

13. RESERVES
Retained
earnings
£   

At 1 September 2023 9,769
Profit for the year 41,829
At 31 August 2024 51,598