1 December 2023 false No description of principal activity Taxfiler 2024.6 09295464business:PrivateLimitedCompanyLtd2023-12-012024-11-30 092954642023-11-30 092954642023-12-012024-11-30 09295464business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 09295464business:FilletedAccounts2023-12-012024-11-30 092954642024-11-30 09295464business:Director12023-12-012024-11-30 09295464business:RegisteredOffice2023-12-012024-11-30 092954642023-11-30 09295464core:WithinOneYear2024-11-30 09295464core:WithinOneYear2023-11-30 09295464core:AfterOneYear2024-11-30 09295464core:AfterOneYear2023-11-30 09295464core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 09295464core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09295464core:RevaluationReservecore:PreviouslyStatedAmount2024-11-30 09295464core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 09295464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 09295464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09295464core:PreviouslyStatedAmount2024-11-30 09295464core:PreviouslyStatedAmount2023-11-30 09295464business:SmallEntities2023-12-012024-11-30 09295464countries:EnglandWales2023-12-012024-11-30 09295464core:LandBuildings2023-12-012024-11-30 09295464core:FurnitureFittings2023-12-012024-11-30 09295464core:ComputerEquipment2023-12-012024-11-30 09295464core:Goodwill2023-11-30 09295464core:Goodwill2024-11-30 09295464core:LandBuildings2023-11-30 09295464core:FurnitureFittings2023-11-30 09295464core:ComputerEquipment2023-11-30 09295464core:LandBuildings2024-11-30 09295464core:FurnitureFittings2024-11-30 09295464core:ComputerEquipment2024-11-30 09295464core:LandBuildings2023-11-30 092954642022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09295464 (England and Wales)
The Lemon Tree (Wrexham) Limited Unaudited accounts for the year ended 30 November 2024
The Lemon Tree (Wrexham) Limited Unaudited accounts Contents
Page
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The Lemon Tree (Wrexham) Limited Company Information for the year ended 30 November 2024
Director
SP Regan
Company Number
09295464 (England and Wales)
Registered Office
The Lemon Tree 29 Rhosddu Road Wrexham LL11 2LP Wales
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The Lemon Tree (Wrexham) Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2 
2 
Tangible assets
1,146,601 
1,148,351 
1,146,603 
1,148,353 
Current assets
Debtors
1,748 
644 
Cash at bank and in hand
(16)
9,294 
1,732 
9,938 
Creditors: amounts falling due within one year
(495,950)
(66,129)
Net current liabilities
(494,218)
(56,191)
Total assets less current liabilities
652,385 
1,092,162 
Creditors: amounts falling due after more than one year
(399,676)
(812,939)
Provisions for liabilities
Other provisions
(60,039)
(60,039)
Net assets
192,670 
219,184 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
255,954 
255,954 
Profit and loss account
(64,284)
(37,770)
Shareholders' funds
192,670 
219,184 
For the year ending 30 November 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2025 and were signed on its behalf by
SP Regan Director Company Registration No. 09295464
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The Lemon Tree (Wrexham) Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
The Lemon Tree (Wrexham) Limited is a private company, limited by shares, registered in England and Wales, registration number 09295464. The registered office is The Lemon Tree, 29 Rhosddu Road, Wrexham, LL11 2LP, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Fixtures & fittings
15% RB
Computer equipment
25% RB
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
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The Lemon Tree (Wrexham) Limited Notes to the Accounts for the year ended 30 November 2024
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences as a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loan from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried art amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
2 
At 30 November 2024
2 
Amortisation
At 1 December 2023
- 
At 30 November 2024
- 
Net book value
At 30 November 2024
2 
At 30 November 2023
2 
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The Lemon Tree (Wrexham) Limited Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
1,137,179 
45,000 
6,002 
1,188,181 
At 30 November 2024
1,137,179 
45,000 
6,002 
1,188,181 
Depreciation
At 1 December 2023
- 
34,577 
5,253 
39,830 
Charge for the year
- 
1,563 
187 
1,750 
At 30 November 2024
- 
36,140 
5,440 
41,580 
Net book value
At 30 November 2024
1,137,179 
8,860 
562 
1,146,601 
At 30 November 2023
1,137,179 
10,423 
749 
1,148,351 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
821,186 
821,186 
The revaluation reserve of £255,954 comprises the property revaluation of £315,993 less a provision for deferred tax of £60,039. Freehold land and buildings with a carrying amount of £1,137,179 (2022 - £1,134,693) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,396 
- 
Other debtors
352 
644 
1,748 
644 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
72,369 
26,649 
Trade creditors
1,900 
1,160 
Other creditors
415,685 
38,320 
Loans from directors
5,071 
- 
Accruals
925 
- 
495,950 
66,129 
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The Lemon Tree (Wrexham) Limited Notes to the Accounts for the year ended 30 November 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
399,676 
461,690 
Other creditors
- 
351,249 
399,676 
812,939 
9
Contingent liabilities
National Westminster Bank PLC registered a charge at Companies House on 19/11/2014. The charge contains a fixed charge, floating charge (covering all the property or undertaking of the company) and negative pledge. National Westminster Bank PLC registered a charge at Companies House on 01/12/2014. The charge is over the property at The Lemon Tree, 29 Rhosddu Road, Wrexham, LL11 2LP. This contains a fixed charge and negative pledge. Wrexham County Borough Council registered a charge at Companies House on 22/03/2022. The charge is over the property at The Lemon Tree, 29 Rhosddu Road, Wrexham, LL11 2LP. The charge contains a negative pledge.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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