Registered number 05343048 LIFE BUILDING CENTRE (LBC) Report and Accounts 25 January 2025
LIFE BUILDING CEpifRE (LBC) Reglstered number: Dlrectors. Report The directors wesent thelr rewrt and &courrts for the year eIed 25 January 2025. Prlnclpal aclivilles The companls principal actsvlty during the year continued to be to adva8 the christian faith and a pentecostal christian church. Dlrectors The fOlk>'ng persons served as direct(xs duriT¥J the year.. Mr Niyi Murele Mrs Sade Murele Small company provlslons Thls report has been prepared In accordance wilh the provlslons in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Thls rewrt was approved board on 24 Octob8r 2025 and sned on rts behalf. Director
LIFE BUILDING CEKfRE (LBC) Accountants. Report Accountants. report to the diredors of LIFE BUILDING CEKfRE (LBC) You consider that the company is exempt from an audit for the year ended 25 January 2025. You have acknowledged, on the balancé sheeL your responsibiltties for comptying wth the requirements of the Companies Act 2006 wlth respect to accountirKJ records and the preparation of accounts. Thes8 responsibilities include prepartng accounts that give a true and lair view of the state of affairs of the company at the end of the financial year and of ts or loss for the financial year. In accordance %Mth your Instructions, wa have prepared the accounts which comprise the Proflt and Loss AccounL the Balanca Sheet and the related ncrtes from the accountirKJ records of the company and on the basis of infonnaticm arKI exWions you have given to us. We have not carried out an audit or any other review. and consequenty we do Th)t express any opinion on these accounts. Andrew & Co Chartered Certrfied Accourrtants Suite 112 AIP Business Centre 152-154 Coles Green Road, LONDON NW2 7HD. 24 October 2025
LIFE BUILDING CEpifRE (LBC) Proflt and Lo88 A£count for the yr ended 25 January 2025 Turnover 26,273 27,124 Admlnistrative expenses (40,221) (30.241) Operallng loss (13.948) (3,117) Interest receivable Loss on ordlnary activltlos bofore laxaiion (13.742) (2,961 > Tax on loss on ordinary acbvides Loss lor flnanclal y 13.742 2,961
LIFE BUILDING CEKfRE ILBC) Regl8tered number: Balance Sheet as at 25 January 2025 05343048 2024 Flxed assets Tangible assets 3,286 Current assets Debtors Cash at bank and in hand 4,750 41,$05 46,255 4,750 55,170 59,920 Credltors: amounts falllng d wlthln one year (4,062) (4.201) Net current assets 42,193 55,719 45,479 59,221 Capllal and reserves Profit and loss account 45,479 59.221 Shareholdern. funds 45,479 59,221 Th8 directors are satisli8d that the company Is entitled to exemptbn from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not requlred the company to obtaln an audft In accordance wlth section 476 of the Act. The directors acknowledge thdr responsibilibes lor complying wlth the requirements of the Companies Act 2006 with respect to accounting records and the pparatIOn of accounts. The accounts have been prepared arKI dèlivered in accordarrte vath the speoal provisions applicable to companies subject to the small companies regime. The proflt and loss account has not been delivered to the Registrar ol Companles. Mr Niyi Murele Director Approved by e board on 24 October 2025
LIFE BUILDING CEKfRE (LBC) Notes to the Accounts for the year onded 25 January 2025 1 knntIng pollcles 8a819 of prnparntlon The accounts have boan woparad undw the historul cost (x)nv8ntion and in accor vAth FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland {as aPled to small entrties by section 1A of ts Stard). Tumover is measured at th8 fatr value of the offerings, th)nations a1 gift aid w*lved durtng the accounling peiiod. Tonglble Ilxed8888ts Tangible fixed assets are measured at c1 less accurnulative depreciation and ary accumulalive impainnent losses. Depreciation provided on all tarKJible fixed assets, other than freehold land. at rates calculated to lte off the cost, fess estirnated residual value. ol each asset evenly over its axpected us8ful lrfe, as follows: Fre8hold buildlngs LeaSelYd land and buildings Plant and machinory Vrt)tor vehiclo over 50 yew5 over the lease lenn 20% r&lucing balance basis Short lenn debtors are measured at transa¢bon prke {l1¢h ts usually the invoice price). less any impaimient losses for bad arKI dwbtftl debts. Loars and other ffinancial assets are initially recognised at transactK)n price induding any Iransacbon costs and subsequently measured at amortised cost detemiined using the effectlve interest mot1,10sS ary imwmient losses for bad and doubtlul debts. Crndltors Short temi creditots are measured at transadon fv {whlch is usually the invoice W). Loans and other financial liabilities are InitilY rniSed at transaOn Fxlce net of any transaction costs and subsequently measured at arnorlised cost detsrmiTh8d using the effectlve intet method. T•xallon The company Is a reglstered charfty with the Chartty Commissioners. Its Irne Is exempt from income and corporation tsx to the exlenl thal its irKome and gains are applied for chaiitable purposes. Value added tax is nol 0Verable by the company. and it is therefore induded in the relevant costs in the profft and loss accounL A kne is dassifjed a% a financo lease if it trartsfers subsi8ntidty all the risks arKI rewards ir¢idenlal to ownetship. All other leases are daSSif as operatiro leases. The rfghts of use and obligatlons under finance leases are initrally recognised as assets and liabilities at amounts equal lo the fair vdue of the leased assets or, rf lo¥w. present ¥ue of the minimum 18as8 payments. Mlnimum roasa payments are apport between the finance Char and the reductlon in tre outstandiNJ liabilty using tha effective interest rate method. The finance charge is atlocated to each perd during the tease so as to pmduce a constant perndic rats of interest on the remarning balance ot the liabilty. Leawl assets are depxialed in accordanc8 With the companys Oicy for tan&yble ffixed assets. M there Is no reasonthe certainty that OarShiP wlll be obtained at the end of the tease tem, the asset d8preciated over the low of the lease temi and useful lifo. Operating lease payrnents are recognised as an expense on a straght line basis over the16asa tem). 2 Emplo>ws
LIFE BUILDING CEKfRE {LBC) Notes to the Accounts lor the year ended 25 January 2025 Numbw Number Average nurnber of pemns ernployed by company 3 Tanglble Ilxed assets Plant and mochlnery vehlc1•9 Totsl At 26 January 2024 Addilions At 25 January 2025 16.955 17,955 606 D•prrflatlon At 26 January 2024 Charge for the year At 25 January 2025 13.464 819 14,453 822 14 Net book value At 25 January 2025 3278 At 25 January 2024 11 3.502 4 Debtorn Prepayments & dwtts Olher d8btors 2,150 2.150 5 Credltorg: amounts falllng due wllhln one Trade creditors Other credlkors 792 3270 560 3.641 6 Ofvr Inlormatlon LIFE BUILDING CETrm4E (LBC) is a ffie company limited by shares aTrJ incorporated in England. Its registered office is: The Haven CaS Drive High Wycombe HP12 4BT
LIFE BUILDING CEKfRE (LBC) Detalled proflt and loss account foi Ihe year ended 25 January 2025 This sch8dul8 does not fomi part of the statutory accwnts 26,273 27,124 Administrafve expenses (40.221) (30,241) Oper•iing loss (13,948) (3,117) Intsrest receivable 156 Los8 before tax 13,742 2,961
LIFE BUILDING CEKfRE (LBC) Detailed proflt and1083 account for Ihe year ended 25 January 2025 This schedule does not lomi part of the statutory axounts Sales Offerings, Donations & Gift Aids 26,273 Admlnlstrallve expenses Employee costs: Volunteers Mission & preaching Travel and subsisienca Welfare and training 2,700 7.553 1.026 150 12,644 11,237 Premlses costs: Rent Cleaning 18,000 207 9,027 18,269 General administrative expenses: T81ephone and fax Statlonery and prindng Subscriptlons Bank charges Repairs and maintenance Computir*J rr supwrt Donations and benevolee Depreclation 511 1,075 240 518 235 181 516 1,281 2.875 1,271 8,010 132 9,706 Accountancy feas A£lvertising arKI PR Other legal and wofesslonal 500 469 1.009 40,221