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REGISTERED NUMBER: 02535000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

LANGLEY ESTATES LIMITED

LANGLEY ESTATES LIMITED (REGISTERED NUMBER: 02535000)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANGLEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: G N Fearn
R D Fearn
J K Fearn





SECRETARY: R D Fearn





REGISTERED OFFICE: The Red House
10 Market Square
Old Amersham
Buckinghamshire
HP7 0DQ





REGISTERED NUMBER: 02535000 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
The Red House
10 Market Square
Old Amersham
Buckinghamshire
HP7 0DQ

LANGLEY ESTATES LIMITED (REGISTERED NUMBER: 02535000)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 352 704
Investments 5 50,000 50,000
50,352 50,704

CURRENT ASSETS
Stocks 43,492 43,492
Debtors 6 642,993 603,727
Investments 7 - 28,428
Cash at bank and in hand 1,194,867 1,169,609
1,881,352 1,845,256
CREDITORS
Amounts falling due within one year 8 10,081 7,082
NET CURRENT ASSETS 1,871,271 1,838,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,921,623

1,888,878

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,921,523 1,888,778
SHAREHOLDERS' FUNDS 1,921,623 1,888,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2025 and were signed on its behalf by:




R D Fearn - Director


LANGLEY ESTATES LIMITED (REGISTERED NUMBER: 02535000)

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

1. STATUTORY INFORMATION

Langley Estates 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Development costs in respect of property development projects are valued at the lower of cost and estimated net realisable value. No interest is capitalised in respect of property development projects.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

LANGLEY ESTATES LIMITED (REGISTERED NUMBER: 02535000)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 12,635
DEPRECIATION
At 1 August 2023 11,931
Charge for year 352
At 31 July 2024 12,283
NET BOOK VALUE
At 31 July 2024 352
At 31 July 2023 704

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 50,000
NET BOOK VALUE
At 31 July 2024 50,000
At 31 July 2023 50,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lanchester Securities Limited
Registered office: The Red House, 10 Market Square, Amersham, Buckinghamshire, HP7 0DQ
Nature of business: Property dealing and development
%
Class of shares: holding
Ordinary £1 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,128,938 1,950,501
Profit for the year 178,438 21,984

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 2,993 3,727

LANGLEY ESTATES LIMITED (REGISTERED NUMBER: 02535000)

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

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 640,000 600,000

Aggregate amounts 642,993 603,727

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 28,428

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 565 1,011
Taxation and social security 7,689 4,321
Other creditors 1,827 1,750
10,081 7,082

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2023 1,888,778
Profit for the year 32,745
At 31 July 2024 1,921,523

11. RELATED PARTY DISCLOSURES

At the year end, the company was owed £640,000 (2023 - £600,000) by Lanchester Securities Limited, a wholly owned subsidiary.

12. ULTIMATE CONTROLLING PARTY

It is considered that R D Fearn is the ultimate controlling party by virtue of his shareholding in the company.