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REGISTERED NUMBER: 10758773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LONGMILL ESTATES LTD

LONGMILL ESTATES LTD (Registered number: 10758773)






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


LONGMILL ESTATES LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G H HEEROO
A HEEROO





SECRETARY:





REGISTERED OFFICE: C/O MALCOLM, WILSON, GILLOTT, FOWLER
& CO
SPACES, 12 HAMMERSMITH GROVE
LONDON
W6 7AP





REGISTERED NUMBER: 10758773 (England and Wales)





ACCOUNTANTS: MALCOLM, WILSON, GILLOTT, FOWLER & CO.
CHARTERED CERTIFIED ACCOUNTANTS
SPACES
12 HAMMERSMITH GROVE
LONDON
W6 7AP

LONGMILL ESTATES LTD (Registered number: 10758773)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,423,357 904,357

CURRENT ASSETS
Debtors 5 749 521
Cash at bank 9,569 2,534
10,318 3,055
CREDITORS
Amounts falling due within one year 6 609,484 104,832
NET CURRENT LIABILITIES (599,166 ) (101,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,191

802,580

CREDITORS
Amounts falling due after more than
one year

7

784,236

772,428
NET ASSETS 39,955 30,152

LONGMILL ESTATES LTD (Registered number: 10758773)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 39,953 30,150
SHAREHOLDERS' FUNDS 39,955 30,152

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.

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 December 2024 and were signed on its behalf by:





G H HEEROO - Director


LONGMILL ESTATES LTD (Registered number: 10758773)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

LONGMILL ESTATES 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.

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.

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 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.

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.

LONGMILL ESTATES LTD (Registered number: 10758773)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 904,357
Additions 519,000
At 31 May 2024 1,423,357
NET BOOK VALUE
At 31 May 2024 1,423,357
At 31 May 2023 904,357

On 1st August, 2023 the company acquired some of the assets and liabilities of Focus Estates LLP which went into liquidation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Other debtors 749 521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 2,299 3,154
Other creditors 607,185 101,678
609,484 104,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 784,236 772,428

LONGMILL ESTATES LTD (Registered number: 10758773)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 784,236 772,428

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 784,236 772,428

The loans are secured against the freehold investment properties of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 ORDINARY £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 June 2023 30,150
Profit for the year 9,803
At 31 May 2024 39,953

LONGMILL ESTATES LTD (Registered number: 10758773)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

11. RELATED PARTY DISCLOSURES

The company operates a current account with its Directors. The loan is interest free with no fixed repayment terms and are included in other creditors. The balance owed to the directors at the year end was £599,607 (2023 - £100,104) and the maximum balance during the year was £599,607.

Also on 1st August,2023, Mr G Heeroo and Mr Ashley Heeroo transferred all their assets (Land and Buildings) that were held in Focus Estates LLP to this company. The value of the assets amounted to £519,000. This transaction was done through the directors' loan account.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by KGH Holdings Limited who owns 100% of the share capital.