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REGISTERED NUMBER: 13120526 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LANE PROPERTY GROUP LIMITED

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANE PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S J D Lane
J M A Lane
J C Lane
J D Lane





REGISTERED OFFICE: 131 Fulbridge Road
Walton
Peterborough
PE7 3EU





REGISTERED NUMBER: 13120526 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 712,000 337,552

CURRENT ASSETS
Debtors 5 21,124 -
Cash at bank 12,052 65,395
33,176 65,395
CREDITORS
Amounts falling due within one year 6 124,027 95,350
NET CURRENT LIABILITIES (90,851 ) (29,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES 621,149 307,597

CREDITORS
Amounts falling due after more than one
year

7

(333,313

)

(336,688

)

PROVISIONS FOR LIABILITIES 10 (79,019 ) -
NET ASSETS/(LIABILITIES) 208,817 (29,091 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 302,296 -
Retained earnings (93,579 ) (29,191 )
SHAREHOLDERS' FUNDS 208,817 (29,091 )

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

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

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

BALANCE SHEET - continued
31 JANUARY 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 25 October 2024 and were signed on its behalf by:





S J D Lane - Director


LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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


1. STATUTORY INFORMATION

Lane Property Group 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 balance sheet date.


LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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


2. ACCOUNTING POLICIES - continued
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 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 337,552
Additions 72,152
Revaluations 302,296
At 31 January 2024 712,000
NET BOOK VALUE
At 31 January 2024 712,000
At 31 January 2023 337,552

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 302,296
Cost 409,704
712,000

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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


4. INVESTMENT PROPERTY - continued

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 409,704 -

Investment properties were valued on an open market basis on 31 January 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 21,124 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 11,057 11,057
Other creditors 15,000 -
Directors' current accounts 96,698 83,293
Accruals and deferred income 1,272 1,000
124,027 95,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 333,313 336,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 333,313 336,688

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,057 11,057

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 333,313 336,688

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 344,370 347,745

A charge dated May 2021 is held by Fleet Mortgages Limited over one of the company's investment properties known as 62 Lawson Avenue, Peterborough. The legal charge also contains a fixed charged and negative pledge.

A charge dated August 2021 is held by Steven Paul Cage over one of the company's investment properties known as 12 Hillside Walk, Yaxley, Peterborough. The legal charge also contains a negative pledge.

A charge dated June 2022 is held by Aldermore Bank PLC over one of the company's investment properties known as 62 Lawson Avenue, Peterborough. The legal charge also contains a fixed charged and negative pledge.

A charge dated August 2022 is held by Aldermore Bank PLC over one of the company's investment properties known as 12 Hillside Walk, Yaxley, Peterborough. The legal charge also contains a fixed charged and negative pledge.

A charge dated March 2023 is held by Steven Paul Cage over one of the company's investment properties known as 3 Moyne Road, Sawtry. The legal charge also contains a negative pledge.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 79,019 -

Deferred
tax
£   
Provided during year 79,019
Balance at 31 January 2024 79,019

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
50 Ordinary C £1 50 50
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was a loan owing to the directors of £96,698 (2023: £83,293). The loan is unsecured, interest free and repayable on demand.

LANE PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13120526)

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


13. ULTIMATE CONTROLLING PARTY

The controlling parties are S J Lane, J M A Lane, J C Lane and J D Lane by virtue of their joint ownership
of the issued ordinary share capital.