Year Ended
Registration number:
Lewis Property Services (UK) Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lewis Property Services (UK) Limited
Balance Sheet
31 March 2025
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Note |
2025 |
2024 |
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Tangible assets |
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Investment property |
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Other financial assets |
435,685 |
480,255 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
925,674 |
922,917 |
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Shareholders' funds |
925,774 |
923,017 |
Lewis Property Services (UK) Limited
Balance Sheet
31 March 2025
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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......................................... |
Company Registration Number: 08464769
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006.
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.
The financial statements are presented in Sterling (£).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation 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 taxable income.
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the statement of financial position at cost or valuation, 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.
Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss.
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:
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Asset class |
Depreciation method and rate |
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Motor Vehciles |
25% reducing balance basis |
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Office equipment |
20% reducing balance basis |
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Furniture and fittings |
20% reducing balance basis |
Investment property
Investments
Investments are measured at fair value.
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Loans and borrowings;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Tangible assets |
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Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Investment properties |
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2025 |
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At 1 April 2024 and 31 March 2025 |
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Additions |
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At 31 March 2025 |
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There has been no valuation of investment property by an independent valuer. The property has been valued by the directors.
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Other financial assets (current and non-current) |
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Financial assets |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2024 |
480,255 |
480,255 |
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Revaluations |
(33,570) |
(33,570) |
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FA investment - unlisted other shares disposals |
(11,000) |
(11,000) |
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At 31 March 2025 |
435,685 |
435,685 |
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Carrying amount |
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At 31 March 2025 |
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435,685 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Less non-current portion |
( |
- |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Creditors include bank loans repayable by instalments of £683,584 (2024- £440,668) due after more than five years.
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Loans and borrowings |
Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Other borrowings |
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- |
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Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Other borrowings |
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The bank loans are secured over the the company's assets.
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Reserves |
Included with the profit and loss account is £183,435 - £228,378) of undistributable reserves.
Lewis Property Services (UK) Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2025
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
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T G Lewis |
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Loan Account |
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( |
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A L Lewis |
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Loan Account |
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( |
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A P Warwick-Smith |
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Loan account |
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( |
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F M Garvey |
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Loan account |
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( |
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2024 |
At 1 April 2023 |
Advances to director |
Repayments by director |
At 31 March 2024 |
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T G Lewis |
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Loan Account |
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( |
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A L Lewis |
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Loan Account |
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( |
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A P Warwick-Smith |
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Loan account |
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( |
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F M Garvey |
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Loan account |
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( |
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Summary of transactions with other related parties
Summary of transactions with entities with joint control or significant interest