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REGISTERED NUMBER: 14963910 (England and Wales)
















Unaudited Financial Statements

for the Period 27 June 2023 to 30 June 2024

for

LDC2 Limited

LDC2 Limited (Registered number: 14963910)






Contents of the Financial Statements
for the Period 27 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDC2 Limited

Company Information
for the Period 27 June 2023 to 30 June 2024







DIRECTORS: Mr S N McEwan
Miss L Procter





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: High Peak
London Road
Barkway
Royston
Hertfordshire
SG8 8EY





REGISTERED NUMBER: 14963910 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

LDC2 Limited (Registered number: 14963910)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Investment property 4 635,000

CURRENT ASSETS
Debtors 5 761
Cash at bank 22,661
23,422
CREDITORS
Amounts falling due within one year 6 570,452
NET CURRENT LIABILITIES (547,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,970

PROVISIONS FOR LIABILITIES 25,942
NET ASSETS 62,028

CAPITAL AND RESERVES
Called up share capital 7 100
Non distributable retained
earnings 8 77,825
Retained earnings 8 (15,897 )
SHAREHOLDERS' FUNDS 62,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

LDC2 Limited (Registered number: 14963910)

Balance Sheet - continued
30 June 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 October 2024 and were signed on its behalf by:





Mr S N McEwan - Director


LDC2 Limited (Registered number: 14963910)

Notes to the Financial Statements
for the Period 27 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

LDC2 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.

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.

As at 30th June 2024, the company's balance sheet shows negative retained earnings amounting to £15,897. However, included within creditors falling due within one year are amounts owed to the parent company amounting to £558,052. The directors have confirmed that they will not request repayment until such time as the company has sufficient funds available to settle creditors. Accordingly, the directors consider the going concern basis of preparation to be appropriate

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company
becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction
costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


LDC2 Limited (Registered number: 14963910)

Notes to the Financial Statements - continued
for the Period 27 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 balance sheet date.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 531,233
Revaluations 103,767
At 30 June 2024 635,000
NET BOOK VALUE
At 30 June 2024 635,000

The Directors have considered the valuation of the investment properties held by LDC2 Limited , and it was determined that a fair value adjustment of £103,767 was required.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 103,767
Cost 531,233
635,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments and accrued income 761

LDC2 Limited (Registered number: 14963910)

Notes to the Financial Statements - continued
for the Period 27 June 2023 to 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 558,052
Amount due to related party 10,000
Accrued expenses 2,400
570,452

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

8. RESERVES
Non
distributable
Retained retained
earnings earnings Totals
£    £    £   

Profit for the period 61,928 61,928
Transfer (77,825 ) 77,825 -
At 30 June 2024 (15,897 ) 77,825 61,928

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Laurel Developments and Consulting Limited (company number 09306048)
with the registered office address: Lake House, Market Hill, Royston, Herts, SG8 9JN.