Lime Properties (Liverpool) Limited

Unaudited Financial Statements for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Scullion

Mrs C E Scullion

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

07532618 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,965,000

1,670,000

1,965,000

1,670,000

CURRENT ASSETS

Debtors

6

18,930

-

Cash at bank

7,539

7,106

26,469

7,106

CREDITORS

Amounts falling due within one year

7

127,974

309,562

NET CURRENT LIABILITIES

(101,505

)

(302,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,863,495

1,367,544

CREDITORS

Amounts falling due after more than one year

8

(704,279

)

(708,945

)

PROVISIONS FOR LIABILITIES

(223,708

)

(119,499

)

NET ASSETS

935,508

539,100

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

671,125

358,497

Retained earnings

264,381

180,601

SHAREHOLDERS' FUNDS

935,508

539,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

N D Scullion - Director

1.	STATUTORY INFORMATION

Lime Properties (Liverpool) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

625

DEPRECIATION

At 1 March 2024

and 28 February 2025

625

NET BOOK VALUE

At 28 February 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

1,670,000

Disposals

(180,000

)

Revaluations

475,000

At 28 February 2025

1,965,000

NET BOOK VALUE

At 28 February 2025

1,965,000

At 29 February 2024

1,670,000

Investment property was valued by the directors using market data.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

18,930

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

25,050

3,500

Trade creditors

4,393

4,031

Taxation and social security

19,583

13,362

Other creditors

78,948

288,669

127,974

309,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

704,279

708,945

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

686,930

686,930

Repayable by instalments

Bank loans more 5 yr by instal

1,020

8,015

9.

RESERVES

Fair

value

reserve

£

At 1 March 2024

358,497

Fair value reserve

312,628

At 28 February 2025

671,125