Company No: 06531741 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C Sandford
	A M Stanton

SECRETARY

C Sandford

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

06531741 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	67,473		70,181
		67,473		70,181
Current assets
Debtors	4	0		60,901
Cash at bank and in hand		937,498		798,178
		937,498		859,079
Creditors: amounts falling due within one year	5	( 471,875)		( 496,177)
Net current assets		465,623		362,902
Total assets less current liabilities		533,096		433,083
Provision for liabilities		( 2,151)		( 4,589)
Net assets		530,945		428,494
Capital and reserves
Called-up share capital		120		120
Capital redemption reserve		110		110
Profit and loss account		530,715		428,264
Total shareholders' funds		530,945		428,494

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lifestyle Property Agents Limited (registered number: 06531741) were approved and authorised for issue by the Board of Directors on 27 August 2025. They were signed on its behalf by:

C Sandford Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lifestyle Property Agents Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents net invoiced sales, excluding value added tax, of sales made in the period.

Taxation

Current tax
Taxation for the period comprises current and tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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 financial statements. 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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Fixtures and fittings	25 % reducing balance
Computer equipment	4 years straight line

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		6

3. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	51,825		51,458		5,970		109,253
Additions	0		3,523		0		3,523
Disposals	0		0		( 909)		( 909)
At 31 March 2025	51,825		54,981		5,061		111,867
Accumulated depreciation
At 01 April 2024	0		34,648		4,424		39,072
Charge for the financial year	0		4,966		1,265		6,231
Disposals	0		0		( 909)		( 909)
At 31 March 2025	0		39,614		4,780		44,394
Net book value
At 31 March 2025	51,825		15,367		281		67,473
At 31 March 2024	51,825		16,810		1,546		70,181

4. Debtors

	2025		2024
	£		£
Trade debtors	0		60,901

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,149		11,932
Taxation and social security	80,953		94,179
Other creditors	387,773		390,066
	471,875		496,177

6. Financial commitments

Other financial commitments

The total financial commitments at the year end is £ 6,262 (2024: £14,611)