1 January 2024 false No description of principal activity Taxfiler 2024.6 12078393 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12078393 2023-12-31 12078393 2024-01-01 2024-12-31 12078393 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12078393 business:FilletedAccounts 2024-01-01 2024-12-31 12078393 2024-12-31 12078393 2023-12-31 12078393 core:WithinOneYear 2024-12-31 12078393 core:WithinOneYear 2023-12-31 12078393 core:AfterOneYear 2024-12-31 12078393 core:AfterOneYear 2023-12-31 12078393 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 12078393 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 12078393 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 12078393 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 12078393 core:PreviouslyStatedAmount 2024-12-31 12078393 core:PreviouslyStatedAmount 2023-12-31 12078393 business:SmallEntities 2024-01-01 2024-12-31 12078393 business:Director1 2024-01-01 2024-12-31 12078393 countries:EnglandWales 2024-01-01 2024-12-31 12078393 business:RegisteredOffice 2024-01-01 2024-12-31 12078393 core:FurnitureFittings 2023-12-31 12078393 core:FurnitureFittings 2024-12-31 12078393 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12078393 (England and Wales)
New Lemon Grove Developments Limited Unaudited accounts for the year ended 31 December 2024
New Lemon Grove Developments Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
5
9,300,000
8,435,000
Current assets
Debtors
6
576,995
275,519
Cash at bank and in hand
7,896
23,295
584,891
298,814
Creditors: amounts falling due within one year
7
(140,666)
(171,751)
Net current assets
444,225
127,063
Total assets less current liabilities
9,744,225
8,562,063
Creditors: amounts falling due after more than one year
8
-
(1,823)
Provisions for liabilities
Deferred tax
(261,782)
(22,293)
Other provisions
-
(20,780)
(261,782)
(43,073)
Net assets
9,482,443
8,517,167
Capital and reserves
Called up share capital
1
1
Profit and loss account
9,482,442
8,517,166
Shareholders' funds
9,482,443
8,517,167
For the year ending 31 December 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 31 March 2025 and were signed on its behalf by
Christos DIMITRIADIS Director Company Registration No. 12078393
- 2 -
New Lemon Grove Developments Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
New Lemon Grove Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 12078393. The registered office is 60 Welbeck Street, London, W1G 9XB, England.
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.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
96,320
At 31 December 2024
96,320
Depreciation
At 1 January 2024
96,320
At 31 December 2024
96,320
Net book value
At 31 December 2024
-
5
Investment property
2024
£
Fair value at 1 January 2024
8,435,000
Additions
70,973
Net gain from fair value adjustments
794,027
At 31 December 2024
9,300,000
- 3 -
New Lemon Grove Developments Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
27,965
18,799
Amounts due from group undertakings etc.
(6,059)
-
Accrued income and prepayments
55,048
45,582
76,954
64,381
Amounts falling due after more than one year
Amounts due from group undertakings etc.
500,041
211,138
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
19,346
32,656
Other creditors
92,134
59,251
Accruals
29,186
79,844
140,666
171,751
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Accruals
-
1,823
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -