Lima Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06728725

Lima Estates Limited

Filleted Unaudited Financial Statements

31 October 2025

Lima Estates Limited

Balance Sheet

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		1,900,000	1,900,000

Current assets

Debtors	5	85	1,426
Cash at bank and in hand		40,016	68,330
		--------	--------
		40,101	69,756

Creditors: amounts falling due within one year	6	41,846		61,584
		--------		--------
Net current (liabilities)/assets			( 1,745)	8,172
			------------	------------
Total assets less current liabilities			1,898,255	1,908,172
			------------	------------
Net assets			1,898,255	1,908,172
			------------	------------

Capital and reserves

Called up share capital		1,400	1,400
Profit and loss account	7	1,896,855	1,906,772
		------------	------------
Shareholders funds		1,898,255	1,908,172
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lima Estates Limited

Balance Sheet (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 1 June 2026 , and are signed on behalf of the board by:

Mr H H Shah

Director

Company registration number: 06728725

Lima Estates Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The rental income shown in the profit and loss account represents amounts receivable during the period, exclusive of Value Added Tax.

Investments

Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No provision for depreciation is made on investment properties.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Investments

	Investment properties
	£
Cost
At 1 November 2024 and 31 October 2025	2,240,285
	------------
Impairment
At 1 November 2024 and 31 October 2025	340,285
	------------

Carrying amount
At 31 October 2025	1,900,000
	------------
At 31 October 2024	1,900,000
	------------

The company's investment properties were valued at the reporting date by the directors on an open market basis. In their opinion, the carrying value is the same as the market value.

In respect of certain fixed assets stated at valuations, the comparable historical cost values would be £2,240,285 (2024: £2,240,285).

5. Debtors

	2025	2024
	£	£
Other debtors	85	1,426
	----	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	15,369	25,315
Social security and other taxes	6,475	4,219
Other creditors	20,002	32,050
	--------	--------
	41,846	61,584
	--------	--------

7. Profit and loss account

	2025	2024
	£	£
Distributable reserves	2,237,140	2,247,057
Fair value loss on investment properties	(340,285)	(340,285)
	------------	------------
	1,896,855	1,906,772
	------------	------------