Liphook Valet Services Limited

Liphook Valet Services Limited

LIPHOOK VALET SERVICES LIMITED - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.5 2106310business:PrivateLimitedCompanyLtd2022-04-012023-03-31 21063102022-03-31 21063102022-04-012023-03-31 2106310business:AuditExemptWithAccountantsReport2022-04-012023-03-31 2106310business:FullAccounts2022-04-012023-03-31 21063102023-03-31 2106310business:Director12022-04-012023-03-31 2106310business:Director22022-04-012023-03-31 2106310business:RegisteredOffice2022-04-012023-03-31 21063102022-03-31 2106310core:WithinOneYear2023-03-31 2106310core:WithinOneYear2022-03-31 2106310core:ShareCapital2023-03-31 2106310core:ShareCapital2022-03-31 2106310core:RevaluationReserve2023-03-31 2106310core:RevaluationReserve2022-03-31 2106310core:RetainedEarningsAccumulatedLosses2023-03-31 2106310core:RetainedEarningsAccumulatedLosses2022-03-31 2106310business:SmallEntities2022-04-012023-03-31 2106310countries:EnglandWales2022-04-012023-03-31 2106310core:FurnitureFittings2022-03-31 2106310core:FurnitureFittings2023-03-31 2106310core:MoreThanFiveYears2023-03-31 2106310core:MoreThanFiveYears2022-03-31 21063102021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 2106310 (England and Wales)
Liphook Valet Services Limited Unaudited accounts for the year ended 31 March 2023
Liphook Valet Services Limited Unaudited accounts Contents
Page
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Liphook Valet Services Limited Company Information for the year ended 31 March 2023
Directors
Mr S Cooke Mr B Cooke
Company Number
2106310 (England and Wales)
Registered Office
22 Marlock Close Fiskerton Southwell Nottinghamshire NG25 0UB
Accountants
Hampshire Accountancy Services College Court 15 Bowen Lane Petersfield Hampshire GU31 4DR
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Liphook Valet Services Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
5
905,000 
905,000 
Current assets
Debtors
6
23,766 
23,477 
Cash at bank and in hand
83,200 
48,654 
106,966 
72,131 
Creditors: amounts falling due within one year
7
(12,462)
(11,451)
Net current assets
94,504 
60,680 
Total assets less current liabilities
999,504 
965,680 
Provisions for liabilities
Deferred tax
(17,723)
(17,723)
Net assets
981,781 
947,957 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
388,851 
388,851 
Profit and loss account
592,830 
559,006 
Shareholders' funds
981,781 
947,957 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 12 May 2023 and were signed on its behalf by
Mr S Cooke Director Company Registration No. 2106310
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Liphook Valet Services Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Liphook Valet Services Limited is a private company, limited by shares, registered in England and Wales, registration number 2106310. The registered office is 22 Marlock Close, Fiskerton, Southwell, Nottinghamshire, NG25 0UB.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,245 
At 31 March 2023
1,245 
Depreciation
At 1 April 2022
1,245 
At 31 March 2023
1,245 
Net book value
At 31 March 2023
- 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
905,000 
At 31 March 2023
905,000 
The properties were revalued by independent valuers in 2017 using both the open market value method and existing use basis method as appropriate. In the opinion of the directors there is no significant difference in fair value of the investment properties, compared with their carrying amount.
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Liphook Valet Services Limited Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
842 
842 
Accrued income and prepayments
1,262 
973 
Other debtors
21,662 
21,662 
23,766 
23,477 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,403 
8,190 
Other creditors
4,059 
3,261 
12,462 
11,451 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
565,000 
565,000 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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