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Registered number: 3873060

Lambda Developments Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2024


Lambda Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Peter Kyle-Henney
Lee James Sturges
REGISTERED OFFICE
Lambda House
Fairview Road
Weyhill
Hampshire
SP11 0ST
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3873060

Lambda Developments Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lambda Developments Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets1,603,6661,603,666
CURRENT ASSETS
Debtors48,3276,218
Cash at bank and in hand287,087157,797
295,414164,015
CREDITORS: Amounts falling due within one year553,74735,003
NET CURRENT ASSETS241,667129,012
TOTAL ASSETS LESS CURRENT LIABILITIES1,845,3331,732,678
CAPITAL AND RESERVES
Called up share capital6100100
Revaluation reserve1e,7254,511254,511
Profit and loss account1,590,7221,478,067
SHAREHOLDERS' FUNDS1,845,3331,732,678
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/09/2024 and signed on their behalf by
.............................
Peter Kyle-Henney
Director

Lambda Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention unless otherwise specified in these accounting policies.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentational and functional currency of these financial statements is GBP. Values are rounded to the nearest pound.
1b. Investment Properties
Investment properties were revalued on an open market basis by the directors at the balance sheet date, which has resulted in no change to value. Changes in fair value are recognised in the Statement of Comprhensive Income although these changes are non-distributable reserves under the Companies Act 2006. At the year end, any changes in fair value are transferred to a separate reserve (revaluation reserve) to enable undistributable reserves to be separately identified from distributable profits.
1c. Taxation
Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity repsectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date except that: the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair value of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
1d. Turnover
Turnover represents rental income and service charges receivable, net of value added tax.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Lambda Developments Limited

1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1f. Dividends On Shares Presented Within Shareholders Funds
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.
1g. Financial Instruments
The Company's cash at bank and in hand, trade and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/20231,603,6661,603,666
At 31/03/20241,603,6661,603,666
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors8,3276,218
8,3276,218

Lambda Developments Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax37,55227,897
VAT7,5987,106
Trade creditors8,597-
53,74735,003
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100
7. REVALUATION RESERVE 20242023
££
Revaluation reserve254,511254,511
254,511254,511