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Registration number: 14528182

Lestone Property Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 September 2023 to 30 August 2024

 

Lestone Property Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Lestone Property Limited

(Registration number: 14528182)
Abridged Balance Sheet as at 30 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

422,173

-

Current assets

 

Debtors

26,800

100

Cash at bank and in hand

 

5,848

-

 

32,648

100

Creditors: Amounts falling due within one year

(123,750)

-

Net current (liabilities)/assets

 

(91,102)

100

Total assets less current liabilities

 

331,071

100

Creditors: Amounts falling due after more than one year

5

(330,867)

-

Net assets

 

204

100

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

104

-

Total equity

 

204

100

For the financial period ending 30 August 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 of its accounts for the period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

Mr E A de Vries

Director

Mr P Verschueren

Director

 

Lestone Property Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 30 August 2024

1

General information

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

The address of its registered office is:
83 Hockliffe Road
Leighton Buzzard
Bedfordshire
LU7 3FL

These financial statements were authorised for issue by the Board on 28 August 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Disclosure of long or short period

These accounts have been prepared for a shortened period of less than one year.

Going concern

The financial statements have been prepared on a going concern basis. Of the company current liabilities at 30 August 2024, an amount is owed to Lestone Veterinary Centre Limited, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income 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.

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

Investment Property

0% Straight Line

 

Lestone Property Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2023 to 30 August 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4 Investment properties

2024
£

Additions

422,173

There has been no valuation of investment property by an independent valuer.

5

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £330,867 (2023 - £Nil).

Creditors include bank loans repayable by instalments of £315,667.00 (2023 - £Nil) due after more than five years.