Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04291431 2023-08-01 2024-07-31 04291431 2022-08-01 2023-07-31 04291431 2024-07-31 04291431 2023-07-31 04291431 c:Director1 2023-08-01 2024-07-31 04291431 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 04291431 d:Buildings d:LongLeaseholdAssets 2024-07-31 04291431 d:Buildings d:LongLeaseholdAssets 2023-07-31 04291431 d:FurnitureFittings 2024-07-31 04291431 d:FurnitureFittings 2023-07-31 04291431 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04291431 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04291431 d:FreeholdInvestmentProperty 2023-08-01 2024-07-31 04291431 d:FreeholdInvestmentProperty 2024-07-31 04291431 d:FreeholdInvestmentProperty 2023-07-31 04291431 d:CurrentFinancialInstruments 2024-07-31 04291431 d:CurrentFinancialInstruments 2023-07-31 04291431 d:Non-currentFinancialInstruments 2024-07-31 04291431 d:Non-currentFinancialInstruments 2023-07-31 04291431 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04291431 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04291431 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04291431 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04291431 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 04291431 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 04291431 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 04291431 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 04291431 d:ShareCapital 2024-07-31 04291431 d:ShareCapital 2023-07-31 04291431 d:RetainedEarningsAccumulatedLosses 2024-07-31 04291431 d:RetainedEarningsAccumulatedLosses 2023-07-31 04291431 c:FRS102 2023-08-01 2024-07-31 04291431 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04291431 c:FullAccounts 2023-08-01 2024-07-31 04291431 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04291431 2 2023-08-01 2024-07-31 04291431 6 2023-08-01 2024-07-31 04291431 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04291431










LSF ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
LSF ESTATES LIMITED
REGISTERED NUMBER: 04291431

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,972
48,967

Investments
 5 
12
12

Investment property
 6 
6,936,187
6,142,519

  
6,978,171
6,191,498

Current assets
  

Debtors: amounts falling due after more than one year
 7 
577,651
802,853

Debtors: amounts falling due within one year
 7 
1,834,838
1,724,221

Cash at bank and in hand
 8 
306,571
80,003

  
2,719,060
2,607,077

Creditors: amounts falling due within one year
 9 
(3,120,530)
(1,739,253)

Net current (liabilities)/assets
  
 
 
(401,470)
 
 
867,824

Total assets less current liabilities
  
6,576,701
7,059,322

Creditors: amounts falling due after more than one year
 10 
(4,878,610)
(5,612,599)

  

Net assets
  
1,698,091
1,446,723


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,697,991
1,446,623

  
1,698,091
1,446,723


Page 1

 
LSF ESTATES LIMITED
REGISTERED NUMBER: 04291431
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of income and retained earnings 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 21 July 2025.






F. A. Fox
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

LSF Estates Limited is a private limited company incorporated in England and Wales. Its registered office is Lombard Business Centre, Link Road, Huyton, Merseyside, L36 6AP. The company number is 04291431.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

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.

Page 4

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
69,952
38,888
108,840



At 31 July 2024

69,952
38,888
108,840



Depreciation


At 1 August 2023
20,985
38,888
59,873


Charge for the year on owned assets
6,995
-
6,995



At 31 July 2024

27,980
38,888
66,868



Net book value



At 31 July 2024
41,972
-
41,972



At 31 July 2023
48,967
-
48,967


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 August 2023
12



At 31 July 2024
12




Page 6

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
6,142,519


Additions at cost
1,053,240


Disposals
(259,572)



At 31 July 2024
6,936,187









7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
577,651
802,853

577,651
802,853


2024
2023
£
£

Due within one year

Trade debtors
242,139
235,908

Other debtors
1,564,666
1,453,057

Prepayments and accrued income
28,033
35,256

1,834,838
1,724,221


Page 7

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
306,571
80,003

306,571
80,003



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,172,655
-

Trade creditors
39,937
47,704

Corporation tax
92,902
50,382

Other taxation and social security
7,930
5,757

Other creditors
1,590,393
1,459,636

Accruals and deferred income
216,713
175,774

3,120,530
1,739,253


Other loans are secured on the investment properties of the company.


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
600,525
600,525

Other loans
-
1,172,655

Other creditors
4,278,085
3,839,419

4,878,610
5,612,599


Bank loans are secured on the investment properties of the company.

Page 8

 
LSF ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
1,172,655
-


1,172,655
-


Amounts falling due 2-5 years

Other loans
-
1,172,655


-
1,172,655

Amounts falling due after more than 5 years

Bank loans
600,525
600,525

600,525
600,525

1,773,180
1,773,180


The bank loan falling due after more than 5 years is repayable in full in Novermber 2030 and interest is charged at a rate of 5.3% per annum.


12.


Related party transactions


2024
2023
£
£

Amount due from companies under common control
2,101,193
2,210,514
 
Amounts due to companies under common control
2,747,088
2,547,088
 
Amount due to directors
637,501
667,422

 
Page 9