Lavender Property Investments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00526205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

LAVENDER PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

Directors:

M E Woodruff

L M Woodruff

Secretary:

L M Woodruff

Registered office:

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Registered number:

00526205 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Tangible assets

4

53,897

74,604

Investments

5

829,887

1,034,887

Investment property

6

3,340,204

3,084,687

4,223,988

4,194,178

Current assets

Stocks

2,407,411

2,167,468

Debtors

7

1,119,005

1,109,808

Cash at bank and in hand

72,506

175,398

3,598,922

3,452,674

Creditors

Amounts falling due within one year

8

294,757

365,662

Net current assets

3,304,165

3,087,012

Total assets less current liabilities

7,528,153

7,281,190

Creditors

Amounts falling due after more than one year

9

(5,982,446

)

(5,625,868

)

Provisions for liabilities

11

(283,024

)

(221,098

)

Net assets

1,262,683

1,434,224

Capital and reserves

Called up share capital

12

250

250

Retained earnings

1,262,433

1,433,974

Shareholders' funds

1,262,683

1,434,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by:

M E Woodruff - Director

1.	Statutory information

Lavender Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried

out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 July 2022

and 30 June 2023

78,504

84,939

163,443

Depreciation

At 1 July 2022

59,345

29,494

88,839

Charge for year

3,719

16,988

20,707

At 30 June 2023

63,064

46,482

109,546

Net book value

At 30 June 2023

15,440

38,457

53,897

At 30 June 2022

19,159

55,445

74,604

5.	Fixed asset investments

Other

investments

£

Cost

At 1 July 2022

1,034,887

Disposals

(205,000

)

At 30 June 2023

829,887

Net book value

At 30 June 2023

829,887

At 30 June 2022

1,034,887

6.	Investment property

Total

£

Fair value

At 1 July 2022

3,084,687

Additions

5,517

Revaluations

250,000

At 30 June 2023

3,340,204

Net book value

At 30 June 2023

3,340,204

At 30 June 2022

3,084,687

Fair value at 30 June 2023 is represented by:

£

Valuation in 2017

332,084

Valuation in 2018

240,361

Valuation in 2021

575,645

Valuation in 2023

250,000

Cost

1,942,114

3,340,204

7.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

124,550

16,155

Other debtors

994,455

1,093,653

1,119,005

1,109,808

8.

Creditors: amounts falling due within one year

2023

2022

£

£

Bank loans and overdrafts

37,181

37,181

Hire purchase contracts

3,675

3,675

Trade creditors

35,207

12,426

Taxation and social security

9,047

5,689

Other creditors

209,647

306,691

294,757

365,662

9.

Creditors: amounts falling due after more than one year

2023

2022

£

£

Bank loans

5,973,565

5,613,312

Hire purchase contracts

8,881

12,556

5,982,446

5,625,868

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,973,565

5,613,312

10.	Secured debts

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

6,010,746

5,650,493

There is a fixed charge over the properties owned by the companies in respect of bank loans.

11.	Provisions for liabilities

2023

2022

£

£

Deferred tax

283,024

221,098

Deferred tax

£

Balance at 1 July 2022

221,098

Charge to Profit and loss account during year

61,926

Balance at 30 June 2023

283,024

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

250

Ordinary

£1

250

250

13.	Related party disclosures

At the balance sheet date, the company was owed £54,308 (2022 £154,128) from an associated company. The loan is interest free and repayable on demand.

At the balance sheet date the directors were owed £50,581. This amount is interest free and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lavender Property Investments Limited for the year ended 30 June 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lavender Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lavender Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lavender Property Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavender Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lavender Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lavender Property Investments Limited. You consider that Lavender Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lavender Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

Aissela

46 High Street

Esher

Surrey

KT10 9QY

4 December 2023