Lime Gardens Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09732937

Lime Gardens Property Ltd

Filleted Unaudited Financial Statements

31 December 2025

Lime Gardens Property Ltd

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,070,000	1,070,000

Current assets

Debtors	5	–	1,800
Cash at bank and in hand		39,134	191,684
		--------	---------
		39,134	193,484

Creditors: amounts falling due within one year	6	465,144		621,709
		---------		---------
Net current liabilities			426,010	428,225
			------------	------------
Total assets less current liabilities			643,990	641,775

Creditors: amounts falling due after more than one year	7		4,500	–

Provisions

Taxation including deferred tax	84,169	84,169
	---------	---------
Net assets	555,321	557,606
	---------	---------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	298,651	298,651
Profit and loss account	256,669	258,954
	---------	---------
Shareholders funds	555,321	557,606
	---------	---------

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 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lime Gardens Property Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

Mr S Khan
Director

Company registration number: 09732937

Lime Gardens Property Ltd

Notes to the Financial Statements

Year ended 31 December 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 7 Redbridge Lane East, Ilford, IG4 5ET.

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

Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 January 2025 and 31 December 2025	1,070,000
	------------
Depreciation
At 1 January 2025 and 31 December 2025	–
	------------
Carrying amount
At 31 December 2025	1,070,000
	------------
At 31 December 2024	1,070,000
	------------

The company's investment property was revalued on a fair value basis by the director on 31 December 2025.

5. Debtors

	2025	2024
	£	£
Other debtors	–	1,800
	----	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	1,014
Due to associated companies	322,622	479,623
Other creditors	142,522	141,072
	---------	---------
	465,144	621,709
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	4,500	–
	-------	----

8. Related party transactions

Creditors falling due within one year include £322,622 (2024 - £479,623) owing to associated companies where Mr Khan is a shareholder and director.