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REGISTERED NUMBER: 14705701 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 MARCH 2023 TO 31 MARCH 2024

FOR

LYDGATE PROPERTY GROUP LTD

LYDGATE PROPERTY GROUP LTD (REGISTERED NUMBER: 14705701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

LYDGATE PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 5 MARCH 2023 TO 31 MARCH 2024







DIRECTOR: W Nixon





REGISTERED OFFICE: 8 Elm Grove
Grotton
Oldham
OL4 4LL





REGISTERED NUMBER: 14705701 (England and Wales)





ACCOUNTANTS: Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER

LYDGATE PROPERTY GROUP LTD (REGISTERED NUMBER: 14705701)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 461,410

CURRENT ASSETS
Debtors 5 393
Cash at bank 2,082
2,475
CREDITORS
Amounts falling due within one year 6 301
NET CURRENT ASSETS 2,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,584

CREDITORS
Amounts falling due after more than one
year

7

471,967
NET LIABILITIES (8,383 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (8,483 )
(8,383 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LYDGATE PROPERTY GROUP LTD (REGISTERED NUMBER: 14705701)

BALANCE SHEET - 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 director and authorised for issue on 2 December 2024 and were signed by:





W Nixon - Director


LYDGATE PROPERTY GROUP LTD (REGISTERED NUMBER: 14705701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Lydgate Property Group 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.

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.

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 most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 461,410
At 31 March 2024 461,410
NET BOOK VALUE
At 31 March 2024 461,410

LYDGATE PROPERTY GROUP LTD (REGISTERED NUMBER: 14705701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 MARCH 2023 TO 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 334,067
Other creditors 137,900
471,967

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 334,067

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 334,067

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LYDGATE PROPERTY GROUP LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lydgate Property Group Ltd for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Lydgate Property Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lydgate Property Group Ltd and state those matters that we have agreed to state to the director of Lydgate Property Group Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lydgate Property Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lydgate Property Group Ltd. You consider that Lydgate Property Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lydgate Property Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER


2 December 2024