Registered number
00855056
Longfleet Holdings Limited
Filleted Accounts
31 December 2023
Longfleet Holdings Limited
Registered number: 00855056
Balance Sheet
as at 31 December 2023
Notes 31/12/23 28/2/23
£ £
Fixed assets
Tangible assets 3 1,135,000 1,135,000
Investments 4 2,079 2,079
1,137,079 1,137,079
Current assets
Debtors 5 3,860 61,539
Cash at bank and in hand 43,584 4,173
47,444 65,712
Creditors: amounts falling due within one year 6 (48,526) (59,250)
Net current (liabilities)/assets (1,082) 6,462
Total assets less current liabilities 1,135,997 1,143,541
Provisions for liabilities (31,649) (24,053)
Net assets 1,104,348 1,119,488
Capital and reserves
Called up share capital 7 11,000 11,000
Share premium 30,250 30,250
Revaluation reserve 8 711,604 719,200
Other reserves 38,326 38,326
Profit and loss account 313,168 320,712
Shareholders' funds 1,104,348 1,119,488
continued
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D T Fernbach
Director
Approved by the board on 18 October 2024
Longfleet Holdings Limited
Notes to the Accounts
for the period from 1 March 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents earned from the rental of investment properties and the rendering of services. Turnover from rental income is recognised in the period to which the right to receive the rent under the tenancy agreement relates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment properties fair values of £1,135,000 and fair value movement of £nil included in the profit for the year were determined by the directors based on informal discussions with property professionals together with research from specialist websites and market data, adjusted for any differences in nature, location and condition.

Investments in shares are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 31/12/23 28/2/23
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 1,135,000
At 31 December 2023 1,135,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 1,135,000
At 28 February 2023 1,135,000
Freehold land and buildings: 31/12/23 28/2/23
£ £
Historical cost 391,747 391,747
Cumulative depreciation based on historical cost - -
391,747 391,747
4 Investments
Other
investments
£
Cost
At 1 March 2023 2,079
At 31 December 2023 2,079
Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publicly traded and the fair value cannot otherwise be measured reliably.

Included within other investments is a 4.55% holding in the ordinary share capital of Sienna Freehold Limited, holder of the freehold interest in one of the investment properties.
5 Debtors 31/12/23 28/2/23
£ £
Other debtors 3,860 61,539
6 Creditors: amounts falling due within one year 31/12/23 28/2/23
£ £
Taxation and social security costs 16,320 12,326
Other creditors 32,206 46,924
48,526 59,250
7 Share capital Nominal 31/12/23 31/12/23 28/2/23
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 10,000 10,000 10,000
B Ordinary shares £1 each 1,000 1,000 1,000
11,000 11,000
8 Revaluation reserve 31/12/23 28/2/23
£ £
At 1 March 2023 719,200 719,200
Deferred taxation arising on the revaluation of land and buildings (7,596) -
At 31 December 2023 711,604 719,200
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A P Fernbach
Interest free loan 56,500 - (56,500) -
56,500 - (56,500) -
10 Other information
Longfleet Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
The History Room at Farnham Pottery
Pottery Lane, Wrecclesham
Farnham
Surrey
GU10 4QJ
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