29 May 2024 false No description of principal activity Taxfiler 2024.6 15747531business:PrivateLimitedCompanyLtd2024-05-292025-05-31 157475312024-05-28 15747531business:EntityNoLongerTradingButTradedInPast2024-05-292025-05-31 157475312024-05-292025-05-31 15747531business:AuditExemptWithAccountantsReport2024-05-292025-05-31 15747531business:FilletedAccounts2024-05-292025-05-31 157475312025-05-31 15747531business:Director12024-05-292025-05-31 15747531business:Director22024-05-292025-05-31 15747531business:RegisteredOffice2024-05-292025-05-31 15747531core:WithinOneYear2025-05-31 15747531core:AfterOneYear2025-05-31 15747531core:ShareCapitalcore:PreviouslyStatedAmount2025-05-31 15747531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-05-31 15747531core:PreviouslyStatedAmount2025-05-31 15747531business:SmallEntities2024-05-292025-05-31 15747531countries:EnglandWales2024-05-292025-05-31 15747531core:MoreThanFiveYears2025-05-31 15747531core:AfterOneYear2024-05-292025-05-31 iso4217:GBP xbrli:pure
Company Registration No. 15747531 (England and Wales)
L&RB Property Ltd Unaudited accounts for the period from 29 May 2024 to 31 May 2025
L&RB Property Ltd Unaudited accounts Contents
Page
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L&RB Property Ltd Company Information for the period from 29 May 2024 to 31 May 2025
Directors
Luke Garry Bowden Rachel Joanne Bowden
Company Number
15747531 (England and Wales)
Registered Office
42 Long Barton Kingsteignton Newton Abbot TQ12 3QP England
Accountants
AG Accountancy Ltd Coombe Mill Farm Pillaton Saltash Cornwall PL12 5AN
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L&RB Property Ltd Statement of financial position as at 31 May 2025
2025 
Notes
£ 
Fixed assets
Investment property
627,982 
Current assets
Debtors
1,034 
Cash at bank and in hand
4,629 
5,663 
Creditors: amounts falling due within one year
(201,921)
Net current liabilities
(196,258)
Total assets less current liabilities
431,724 
Creditors: amounts falling due after more than one year
(441,816)
Net liabilities
(10,092)
Capital and reserves
Called up share capital
2 
Profit and loss account
(10,094)
Shareholders' funds
(10,092)
For the period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2025 and were signed on its behalf by
Luke Garry Bowden Director Company Registration No. 15747531
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L&RB Property Ltd Notes to the Accounts for the period from 29 May 2024 to 31 May 2025
1
Statutory information
L&RB Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15747531. The registered office is 42 Long Barton, Kingsteignton, Newton Abbot, TQ12 3QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025 
£ 
Additions
627,982 
At 31 May 2025
627,982 
Investment properties are those that are held either to earn rental income or for capital appreciation, or both. Investment properties are measured initially at cost, including purchase costs, and thereafter stated at fair value, reflecting the market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value are recognised in the profit & loss in the year in which they arise. Fair value is determined by independent valuers. Investment properties cease to be recognised when they have been disposed of or withdrawn permanently from use, and no future economic benefit is expected from disposal.
5
Debtors
2025 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,034 
6
Creditors: amounts falling due within one year
2025 
£ 
Loans from directors
198,812 
Accruals
582 
Deferred income
2,527 
201,921 
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L&RB Property Ltd Notes to the Accounts for the period from 29 May 2024 to 31 May 2025
7
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
441,816 
Aggregate of amounts that fall due for payment after five years
441,719 
Financial Instruments are secured against investment properties, and measured at net cost and subsequently carried at amortised cost, using the effective interest rate method.
8
Average number of employees
During the period the average number of employees was 0.
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