Lund Investments Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09363978 (England and Wales)
LUND INVESTMENTS LIMITED
Lund Investments Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Lund Investments Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,796
19,332
Investment properties
4
4,257,549
4,257,549
4,265,345
4,276,881
Current assets
Debtors
5
15,890
16,168
Cash at bank and in hand
21,857
11,193
37,747
27,361
Creditors: amounts falling due within one year
6
(1,121,157)
(60,048)
Net current liabilities
(1,083,410)
(32,687)
Total assets less current liabilities
3,181,935
4,244,194
Creditors: amounts falling due after more than one year
7
(3,797,420)
(4,757,420)
Net liabilities
(615,485)
(513,226)
Capital and reserves
Called up share capital
8
6
6
Profit and loss reserves
9
(615,491)
(513,232)
Total equity
(615,485)
(513,226)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Lund Investments Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 18 June 2025
M Lund
Director
Company Registration No. 09363978
LUND INVESTMENTS LIMITED
Lund Investments Limited
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Lund Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Barton Street, London, SW1P 3NG.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements, which are those of Lund Investments Limited as an individual entity, have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net current trueliabilities of £1,083,410 and net liabilities of £615,485. The company is dependent on funding from the director and related parties who intend to continue to support the company for the foreseeable future and accordingly the financial statements are prepared on the going concern basis.

 

The company’s bank loan is due for renewal in 2025 and given the security available to support such borrowing the director is confident the loan will be renewed.

1.3
Turnover

Turnover represents the fair value of rent received during the period. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable and is based on services provided and expenses incurred.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% per annum on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

LUND INVESTMENTS LIMITED
Lund Investments Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Debtors and creditors

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans and other debtors

receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

 

Creditors

Short term trade creditors and other current creditors payable on demand are measured at the transaction

price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction

costs, and are measured subsequently at amortised cost using the effective interest method. Director’s

loans are stated at transaction price.

Loans from the director or close family members are stated at transaction price.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
1
1
LUND INVESTMENTS LIMITED
Lund Investments Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
Page 5
3
Tangible fixed assets
Fixtures and Fittings
£
Cost
At 1 January 2024 and 31 December 2024
49,820
Depreciation and impairment
At 1 January 2024
30,488
Depreciation charged in the year
11,536
At 31 December 2024
42,024
Carrying amount
At 31 December 2024
7,796
At 31 December 2023
19,332
4
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
4,257,549

A valuation of the investment property was made as at 31 December 2024 by the directors, on fair value basis. No depreciation is provided in respect of investment properties.

 

The historical cost of the investment properties is £4,542,727 (2023: £4,542,727).

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
13,769
13,769
Prepayments and accrued income
2,121
2,399
15,890
16,168
LUND INVESTMENTS LIMITED
Lund Investments Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
Page 6
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
960,000
-
0
Trade creditors
1,259
-
0
Other taxation and social security
801
970
Other creditors
159,097
59,078
1,121,157
60,048
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
750,000
1,710,000
Other creditors
3,047,420
3,047,420
3,797,420
4,757,420

The company’s properties are subject to charges in favour of Barclays Bank Plc to support secured liabilities due to the bank.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
6
6
6
6
9
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
(513,232)
(450,733)
Loss for the year
(102,259)
(62,499)
At the beginning and end of the year
(615,491)
(513,232)

The retained earnings includes £285,178 of accumulated revaluations deficits (2023: £285,178).

LUND INVESTMENTS LIMITED
Lund Investments Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
Page 7
10
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Owners holding a participating interest in the company
3,148,380
3,058,380

Loans of £3,148,380 are repayable on 1 January 2040. These amounts are interest free.

 

The bank loan is further secured by a guarantee from the director.

 

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