Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2024 1 June 2023 false 1 June 2024 31 March 2025 31 March 2025 NI039548 Mr Thomas Clifford Lilburn Mr Andrew Clifford Lilburn Mr Dennis Gordan Currie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI039548 2024-05-31 NI039548 2025-03-31 NI039548 2024-06-01 2025-03-31 NI039548 frs-core:CurrentFinancialInstruments 2025-03-31 NI039548 frs-core:ShareCapital 2025-03-31 NI039548 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI039548 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 NI039548 frs-bus:FilletedAccounts 2024-06-01 2025-03-31 NI039548 frs-bus:SmallEntities 2024-06-01 2025-03-31 NI039548 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 NI039548 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-03-31 NI039548 frs-bus:Director1 2024-06-01 2025-03-31 NI039548 frs-bus:Director2 2024-06-01 2025-03-31 NI039548 frs-bus:Director3 2024-06-01 2025-03-31 NI039548 frs-countries:NorthernIreland 2024-06-01 2025-03-31 NI039548 2023-05-31 NI039548 2024-05-31 NI039548 2023-06-01 2024-05-31 NI039548 frs-core:CurrentFinancialInstruments 2024-05-31 NI039548 frs-core:ShareCapital 2024-05-31 NI039548 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: NI039548
LC Homes LTD
Unaudited Financial Statements
For the Period 1 June 2024 to 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI039548
31 March 2025 31 May 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 74,250 315,000
Debtors 5 216,448 1,808
Cash at bank and in hand 113,704 1,364
404,402 318,172
Creditors: Amounts Falling Due Within One Year 6 (3,823,318 ) (3,836,478 )
NET CURRENT ASSETS (LIABILITIES) (3,418,916 ) (3,518,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,418,916 ) (3,518,306 )
NET LIABILITIES (3,418,916 ) (3,518,306 )
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account (3,428,916 ) (3,528,306 )
SHAREHOLDERS' FUNDS (3,418,916) (3,518,306)
For the period ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Clifford Lilburn
Director
1st July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LC Homes LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI039548 . The registered office is 103 CULCAVEY ROAD, NEWPORT, HILLSBOROUGH, CO DOWN, BT26 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Stocks
31 March 2025 31 May 2024
£ £
Work in progress 74,250 315,000
5. Debtors
31 March 2025 31 May 2024
£ £
Due within one year
Other debtors 216,448 1,808
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 May 2024
£ £
Trade creditors 37,147 13,297
Bank loans and overdrafts 3,638,729 3,649,489
Other creditors 1,500 27,750
Accruals and deferred income 2,500 2,500
Directors' loan accounts 143,442 143,442
3,823,318 3,836,478
7. Share Capital
31 March 2025 31 May 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 3