LIMEROSE PROPERTIES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03204622

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,837,005		1,837,007

			1,837,005		1,837,007
CURRENT ASSETS
Debtors	5	910,214		905,503
Cash at bank and in hand		25,091		11,042

		935,305		916,545
Creditors: Amounts Falling Due Within One Year	6	(39,659 )		(32,027 )

NET CURRENT ASSETS (LIABILITIES)			895,646		884,518

TOTAL ASSETS LESS CURRENT LIABILITIES			2,732,651		2,721,525

Creditors: Amounts Falling Due After More Than One Year	7		(464,993 )		(484,993 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(301,217 )		(301,217 )

NET ASSETS			1,966,441		1,935,315

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	9		1,279,982		1,279,982
Profit and Loss Account			686,457		655,331

SHAREHOLDERS' FUNDS			1,966,441		1,935,315

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LIMEROSE PROPERTIES LIMITED

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P H Stannard

Director

11/08/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

LIMEROSE PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03204622 . The registered office is Cumberland House, 24 - 28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Carried at fair value
Plant & Machinery	25% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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LIMEROSE PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 February 2024	1,837,000	2,887	1,839,887

As at 31 January 2025	1,837,000	2,887	1,839,887

Depreciation
As at 1 February 2024	-	2,880	2,880
Provided during the period	-	2	2

As at 31 January 2025	-	2,882	2,882

Net Book Value
As at 31 January 2025	1,837,000	5	1,837,005

As at 1 February 2024	1,837,000	7	1,837,007

Included within land and buildings are investment properties carried at fair value of £1,837,000 which was valued by research of online property values and approved by Directors.

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LIMEROSE PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	136	-
Other debtors	2,598	3,344
Amount owed by associated company	-	710
Amounts owed by parent company	907,480	265,968
Amounts owed by group undertaking	-	635,481

	910,214	905,503

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	20,000	20,000
Corporation tax	7,302	-
Accruals and deferred income	12,357	12,027

	39,659	32,027

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	464,993	484,993

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Reserves

	Revaluation Reserve
	£
As at 1 February 2024	1,279,982

As at 31 January 2025	1,279,982

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LIMEROSE PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

10. Related Party Transactions

At the year end, £970,480 (2024: £265,968) was owed to the company from Opendoor Properties Limited, a company of which Limerose Properties Limited is a fully owned subsidiary. All transactions were undertaken at arms length.

At the year end, £0 (2024: £635,481) was owed to the company from Tower Hotel (Southend) Limited, a company held under common control. All transactions were undertaken at arms length.

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