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Registration number: 06366977

Lyon Property Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 September 2024

 

Lyon Property Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Lyon Property Group Limited

Company Information

Directors

Mrs Nichola Jane Lyon

Mr Martin Andrew Lyon

Company secretary

Mrs Nichola Jane Lyon

Registered office

Office F12 CT3 Building Wigan Investment Centre
Waterside Drive
Wigan
Greater Manchester
WN3 5BA

Accountants

McGinty Demack
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

Lyon Property Group Limited

(Registration number: 06366977)
Balance Sheet as at 28 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,418

1,691

Current assets

 

Debtors

5

22,497

22,497

Investments

6

5,500

5,500

Cash at bank and in hand

 

648

86

 

28,645

28,083

Creditors: Amounts falling due within one year

7

(18,787)

(15,277)

Net current assets

 

9,858

12,806

Total assets less current liabilities

 

11,276

14,497

Creditors: Amounts falling due after more than one year

7

(6,951)

(10,980)

Net assets

 

4,325

3,517

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

4,323

3,515

Shareholders' funds

 

4,325

3,517

For the financial year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Lyon Property Group Limited

(Registration number: 06366977)
Balance Sheet as at 28 September 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Mrs Nichola Jane Lyon
Company secretary and director

.........................................
Mr Martin Andrew Lyon
Director

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Office F12 CT3 Building Wigan Investment Centre
Waterside Drive
Wigan
Greater Manchester
WN3 5BA
England

The principal place of business is:
Office F12 CT3 Building
Wigan Investment Centre
Waterside Drive
Wigan
Greater Manchester
WN3 5BA
England

These financial statements were authorised for issue by the Board on 10 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 29 September 2023

9,111

5,978

15,089

At 28 September 2024

9,111

5,978

15,089

Depreciation

At 29 September 2023

7,610

5,788

13,398

Charge for the year

225

48

273

At 28 September 2024

7,835

5,836

13,671

Carrying amount

At 28 September 2024

1,276

142

1,418

At 28 September 2023

1,501

190

1,691

5

Debtors

Current

2024
£

2023
£

Other debtors

22,497

22,497

 

22,497

22,497

6

Current asset investments

2024
£

2023
£

Shares in group undertakings

5,500

5,500

7

Creditors

Creditors: amounts falling due within one year

 

Lyon Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

2024
£

2023
£

Due within one year

Accruals and deferred income

741

676

Other creditors

18,046

14,601

18,787

15,277

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

6,951

10,980

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,951

10,980