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REGISTERED NUMBER: 10202914 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Lonsdale Property Investments Ltd

Lonsdale Property Investments Ltd (Registered number: 10202914)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lonsdale Property Investments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Gundelfinger
L Tang





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 10202914 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Lonsdale Property Investments Ltd (Registered number: 10202914)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Investment property 5 10,372,097 9,601,059

CURRENT ASSETS
Debtors 6 22,886 12,311
Cash at bank 336,846 1,088,536
359,732 1,100,847
CREDITORS
Amounts falling due within one year 7 (657,920 ) (938,591 )
NET CURRENT (LIABILITIES)/ASSETS (298,188 ) 162,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,073,909

9,763,315

CREDITORS
Amounts falling due after more than one
year

8

(3,500,000

)

(3,500,000

)

PROVISIONS FOR LIABILITIES (844,159 ) (844,159 )
NET ASSETS 5,729,750 5,419,156

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 2,532,475 2,532,475
Retained earnings 3,197,173 2,886,579
SHAREHOLDERS' FUNDS 5,729,750 5,419,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Lonsdale Property Investments Ltd (Registered number: 10202914)

Statement of Financial Position - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





R Gundelfinger - Director


Lonsdale Property Investments Ltd (Registered number: 10202914)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lonsdale Property Investments Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income and recharged services from investment properties leased under operating leases and accounted for on an accruals basis over the term of the lease. The effect of rent reviews is only recognised when such reviews have been agreed with the tenant.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

For investment properties measured at fair value deferred tax liabilities are measured using the tax rates applicable to the future sale of the properties.

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.

Lonsdale Property Investments Ltd (Registered number: 10202914)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 9,601,059
Additions 771,038
At 31 March 2024 10,372,097
Net book value
At 31 March 2024 10,372,097
At 31 March 2023 9,601,059

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 1,754,214
Valuation in 2018 351,993
Valuation in 2020 379,000
Valuation in 2021 1,700,427
Valuation in 2022 (809,000 )
Cost 6,995,463
10,372,097

Properties held for investment were valued on an open market basis at 31 March 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 22,886 12,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,061 7,668
Taxation and social security 113,116 83,355
Other creditors 541,743 847,568
657,920 938,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other creditors 3,500,000 3,500,000

Lonsdale Property Investments Ltd (Registered number: 10202914)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Loans from a director, Mr R H Gundelfinger, total £3,917,205 at the balance sheet date (2023: £4,267,205)

The loans are interest free and have no fixed repayment terms. The director has committed not to seek repayment of an amount of £3,500,000 for a period of at least one year from the balance sheet date.