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REGISTERED NUMBER: 10979644 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Lionheart House Limited

Lionheart House Limited (Registered number: 10979644)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lionheart House Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R J Saltmer
Mrs E J Saltmer





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 10979644 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Lionheart House Limited (Registered number: 10979644)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,055 2,595
Investment property 5 310,386 310,386
313,441 312,981

CURRENT ASSETS
Debtors 6 220 1,521
Cash at bank 16,005 17,035
16,225 18,556
CREDITORS
Amounts falling due within one year 7 113,820 113,910
NET CURRENT LIABILITIES (97,595 ) (95,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,846

217,627

CREDITORS
Amounts falling due after more than one
year

8

(217,965

)

(215,778

)

PROVISIONS FOR LIABILITIES - (493 )
NET (LIABILITIES)/ASSETS (2,119 ) 1,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,219 ) 1,256
SHAREHOLDERS' FUNDS (2,119 ) 1,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lionheart House Limited (Registered number: 10979644)

Balance Sheet - continued
30 September 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 by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





Mr R J Saltmer - Director


Lionheart House Limited (Registered number: 10979644)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lionheart House Limited 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Lionheart House Limited (Registered number: 10979644)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 4,970
Additions 1,267
At 30 September 2024 6,237
DEPRECIATION
At 1 October 2023 2,375
Charge for year 807
At 30 September 2024 3,182
NET BOOK VALUE
At 30 September 2024 3,055
At 30 September 2023 2,595

5. INVESTMENT PROPERTY

The investment property has been valued by the directors at fair value, which is the cost price of the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 1,271
Other debtors 220 250
220 1,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 113,820 113,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 217,965 215,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 217,965 215,778

Lionheart House Limited (Registered number: 10979644)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 217,965 215,778

Charter Court Financial Services Limited have a charge on Flat 1, 93A Crown Road, Twickenham.