| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Lansdowne Property Developers Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Lansdowne Property Developers Limited |
| Lansdowne Property Developers Limited (Registered number: 10683413) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Lansdowne Property Developers Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTOR: |
| SECRETARIES: |
| Miss M Goswami |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Coton Lane |
| Erdington |
| Birmingham |
| West Midlands |
| B23 6TP |
| Lansdowne Property Developers Limited (Registered number: 10683413) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Development land and property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Lansdowne Property Developers Limited (Registered number: 10683413) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Lansdowne Property Developers Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Development land and 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEVELOPMENT LAND AND PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Revaluations | 2,000,000 |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Lansdowne Property Developers Limited (Registered number: 10683413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | DEVELOPMENT LAND AND PROPERTY - continued |
| BOARD RESOLUTION OF LANSDOWNE PROPERTY DEVELOPERS LIMITED |
| RESOLUTION PASSED ON 2nd May 2025 |
| WHEREAS, Shepherd Vibe Chartered Surveyors prepared a valuation report dated 30 April 2025, assessing the assets of Lansdowne Property Developers Limited as at 05 April 2025; |
| AND WHEREAS, the Board of Directors has reviewed the aforementioned valuation report and finds it to be comprehensive, accurate, and reflective of the fair market value of the company’s assets as at the specified date; |
| NOW, THEREFORE, BE IT RESOLVED THAT: |
| 1. The Board of Directors of Lansdowne Property Developers Limited hereby accepts and approves the valuation report of the company’s assets as at 05 April 2025, prepared by Shepherd Vine Chartered Surveyors on 30 April 2025. The report has valued the company’s assets, as at 05 April 2025, to be GBP £37,000,000.00 ((thirty seven million pound). |
| 2. The valuation report shall be adopted as the official record of the company’s asset valuation as at 05 April 2025 for all relevant purposes, including financial reporting, strategic planning, and compliance requirements. |
| 3. The Board authorizes the Company Secretary to file and maintain a copy of the valuation report in the company’s records and to provide copies to relevant stakeholders as required. |
| 4. Any officer of the company is authorized to take such actions as may be necessary to give effect to this resolution. |
| RESOLVED FURTHER, that this resolution be recorded in the minutes of the company and communicated to all relevant parties. |
| Certified as a true and correct resolution of the Board of Directors of Lansdowne Property Developers Limited. |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2025 | 34,504,050 |
| Cost | 2,495,950 |
| 37,000,000 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Directors' current accounts | 119,254 | 103,559 |
| Accrued expenses |
| 6. | PROVISIONS FOR LIABILITIES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Deferred tax | 8,626,014 | 8,126,014 |
| Lansdowne Property Developers Limited (Registered number: 10683413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Charge to Income Statement during year |
| Balance at 31 March 2025 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.25 | 31.3.24 |
| value: | £ | £ |
| Ordinary Share | 1 | 1 | 1 |
| Ordinary Shares | 1 | 2,486,870 | 2,486,870 |
| 2,486,871 | 2,486,871 |
| 8. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | ( |
) | 24,282,443 |
| Deficit for the year | ( |
) | ( |
) |
| Development land and property | - | 2,000,000 | 2,000,000 |
| At 31 March 2025 | ( |
) | 25,766,753 |
| 9. | ULTIMATE CONTROLLING PARTY |
| Dr V Goswami is the sole director of the company and by virtue of being shareholder of Specialist Orthopaedic Services Holdings Ltd is ultimately the shareholder of the company and is therefore person with significant control. |