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
The Lemon Tree (Wrexham) Limited
Company Information
for the year ended 30 November 2024
Company Number
09295464 (England and Wales)
Registered Office
The Lemon Tree
29 Rhosddu Road
Wrexham
LL11 2LP
Wales
The Lemon Tree (Wrexham) Limited
Statement of financial position
as at 30 November 2024
Tangible assets
1,146,601
1,148,351
Cash at bank and in hand
(16)
9,294
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
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
The Lemon Tree (Wrexham) Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
15% RB
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.
The Lemon Tree (Wrexham) Limited
Notes to the Accounts
for the year ended 30 November 2024
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 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.
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Intangible fixed assets
Goodwill
The Lemon Tree (Wrexham) Limited
Notes to the Accounts
for the year ended 30 November 2024
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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
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
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
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.
Amounts falling due within one year
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
-
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
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.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).