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REGISTERED NUMBER: 10761015 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

LDB REAL ESTATE LIMITED

LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDB REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P J Gannon
Miss G Raviprakash





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: Flat 5
Richard Burbidge Mansions
1 Brasenose Drive
London
SW13 8RB





REGISTERED NUMBER: 10761015 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 981 1,308
Investment property 5 995,950 995,950
996,931 997,258

CURRENT ASSETS
Debtors 6 4,329 3,727
Cash at bank 17,520 22,726
21,849 26,453
CREDITORS
Amounts falling due within one year 7 694,136 626,021
NET CURRENT LIABILITIES (672,287 ) (599,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,644

397,690

CREDITORS
Amounts falling due after more than one
year

8

415,475

485,659
NET LIABILITIES (90,831 ) (87,969 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (90,931 ) (88,069 )
SHAREHOLDERS' FUNDS (90,831 ) (87,969 )

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

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

LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)

BALANCE SHEET - continued
31 MAY 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 17 September 2024 and were signed on its behalf by:





P J Gannon - Director


LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Ldb Real Estate 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.

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 - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,276 859 4,135
DEPRECIATION
At 1 June 2023 1,968 859 2,827
Charge for year 327 - 327
At 31 May 2024 2,295 859 3,154
NET BOOK VALUE
At 31 May 2024 981 - 981
At 31 May 2023 1,308 - 1,308

LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 995,950
NET BOOK VALUE
At 31 May 2024 995,950
At 31 May 2023 995,950

The company's investment properties were revalued to open market value on 31 May 2023 and reviewed at the period end. No further adjustment was considered necessary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,543 2,570
Other debtors 786 1,157
4,329 3,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security - 377
Other creditors 694,136 625,644
694,136 626,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 415,475 485,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 415,475 485,659

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 415,475 485,659

The debt is secured by a fixed legal charge on the company investment properties.

LDB REAL ESTATE LIMITED (REGISTERED NUMBER: 10761015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
75 Ordinary A Shares £1 75 75
15 Ordinary B Shares £1 15 15
10 Ordinary C Shares £1 10 10
100 100