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REGISTERED NUMBER: 12412197 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Longshed Properties 2020 Limited

Longshed Properties 2020 Limited (Registered number: 12412197)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Longshed Properties 2020 Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: C Rushworth
Mrs J A Rushworth





REGISTERED OFFICE: Dyke Farm
Dyke
Haworth
Keighley
West Yorkshire
BD22 0ES





REGISTERED NUMBER: 12412197 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Longshed Properties 2020 Limited (Registered number: 12412197)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 5 18,760 22,852
Investment property 6 560,000 560,000
578,760 582,852

CURRENT ASSETS
Debtors 7 68 35
Cash at bank 9,396 2,835
9,464 2,870
CREDITORS
Amounts falling due within one year 8 (381,829 ) (403,295 )
NET CURRENT LIABILITIES (372,365 ) (400,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,395

182,427

CREDITORS
Amounts falling due after more than one
year

9

(49,072

)

(51,642

)

PROVISIONS FOR LIABILITIES (47,262 ) (42,217 )
NET ASSETS 110,061 88,568

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,961 88,468
SHAREHOLDERS' FUNDS 110,061 88,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

Longshed Properties 2020 Limited (Registered number: 12412197)

Statement of Financial Position - continued
31 January 2025



The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





C Rushworth - Director


Longshed Properties 2020 Limited (Registered number: 12412197)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Longshed Properties 2020 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Longshed Properties 2020 Limited (Registered number: 12412197)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 24,737 17,366 42,103
DEPRECIATION
At 1 February 2024 9,976 9,275 19,251
Charge for year 2,474 1,618 4,092
At 31 January 2025 12,450 10,893 23,343
NET BOOK VALUE
At 31 January 2025 12,287 6,473 18,760
At 31 January 2024 14,761 8,091 22,852

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 560,000
NET BOOK VALUE
At 31 January 2025 560,000
At 31 January 2024 560,000

The directors confirm that the valuation of £560,000 (2024: £560,000) is the fair value of the investment properties as at 31 January 2025.

If the freehold investment properties had not been revalued they would have been carried in the balance sheet at a historical cost of £393,576.

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 166,424
Cost 393,576
560,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Prepayments 68 35

Longshed Properties 2020 Limited (Registered number: 12412197)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 2,552 2,369
Trade creditors 782 799
Other creditors 26,011 27,271
Directors' current accounts 350,954 371,432
Accruals and deferred income 1,530 1,424
381,829 403,295

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 2,552 2,369
Bank loans - 2-5 years 7,657 7,107
Bank loans more 5 yr by instal 38,863 42,166
49,072 51,642

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,863 42,166

10. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Longshed Properties 2020 Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Longshed Properties 2020 Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Longshed Properties 2020 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Longshed Properties 2020 Limited and state those matters that we have agreed to state to the Board of Directors of Longshed Properties 2020 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Longshed Properties 2020 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Longshed Properties 2020 Limited 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 profit of Longshed Properties 2020 Limited. You consider that Longshed Properties 2020 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Longshed Properties 2020 Limited. 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


19 March 2025