Registered number
07263611
Langbourn Properties (G32SCW) Limited
Filleted Accounts
30 June 2024
Langbourn Properties (G32SCW) Limited
Registered number: 07263611
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,123,606 1,123,606
Current assets
Debtors 4 11,835 12,540
Cash at bank and in hand 24,923 13,613
36,758 26,153
Creditors: amounts falling due within one year 5 (1,778,069) (1,779,687)
Net current liabilities (1,741,311) (1,753,534)
Net liabilities (617,705) (629,928)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 (623,157) (623,157)
Profit and loss account 5,352 (6,871)
Shareholders' funds (617,705) (629,928)
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.
N. C. Wiggins
Director
Approved by the board on 25 October 2024
Langbourn Properties (G32SCW) Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax, of gross rents receivable under operating leases on the property, and is recognisable as it falls due.
Investments
Investment properties, including freehold and leasehold properties, are valued by the directors on a fair value basis. Any surplus or deficit arising is transferred to the revaluation reserve, unless a deficit is expected to be permanent, in which case it is charged to the profit and loss account.

In accordance with SSAP19, no depreciation or amortisation is provided in respect of freehold or leasehold properties having more than 20 years unexpired. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the Directors, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their open market value.

The effect of depreciation and amortisation on value is already reflected annually in the valuation of properties, and the amount attributed to this factor by the valuers cannot reasonably be separately identified or quantified. Had the provisions of the Act been followed, net assets would not have been affected but revenue profits would have been reduced for this and earlier years.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 1,123,606
At 30 June 2024 1,123,606
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1,123,606
At 30 June 2023 1,123,606
4 Debtors 2024 2023
£ £
Other debtors 11,835 12,540
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,609,772 1,612,721
Other creditors 168,297 166,966
1,778,069 1,779,687
6 Revaluation reserve 2024 2023
£ £
At 1 July 2023 (623,157) (623,157)
At 30 June 2024 (623,157) (623,157)
7 Related party transactions
Under the provision of FRS 8, as a wholly owned subsidiary, the company is exempt from disclosure of transactions with other group companies or with related parties in which the group holds an investment. The consolidated accounts of the parent, Langbourn Properties Limited, are available from the registered office at 30 Triggs Close, Triggs Lane, Woking GU22 0EJ.
8 Controlling party
The ultimate parent company is Langbourn Holdings Limited, a company incorporated in England and Wales. Mr N.C. Wiggins is a director of the company and controls the company on the basis of holding 96.6% of the issued share capital of the ultimate parent company.
9 Other information
Langbourn Properties (G32SCW) Limited is a private company limited by shares and incorporated in England.
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