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REGISTERED NUMBER: 14396259 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LOCKSBRIDGE LAND DEVELOPMENTS LTD

LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKSBRIDGE LAND DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M Gonzalez-Sayans
J Sofat
A Sofat





REGISTERED OFFICE: Karinga House
The Warren
Caversham
Reading
RG4 7TQ





REGISTERED NUMBER: 14396259 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
40 High Street
Northwood
Middlesex
HA6 1BN

LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 1,373,558 543,479
Cash at bank and in hand 5,384 9,355
1,378,942 552,834
CREDITORS
Amounts falling due within one year 5 1,386,810 554,850
NET CURRENT LIABILITIES (7,868 ) (2,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,868

)

(2,016

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (7,968 ) (2,116 )
SHAREHOLDERS' FUNDS (7,868 ) (2,016 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 June 2025 and were signed on its behalf by:





J Sofat - Director


LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Locksbridge Land Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
At the balance sheet date, the company had an excess of current liabilities over current assets. The directors have reviewed the ongoing cash requirements of the company and as the shareholders have continued to support the business, they consider that it should have the means to settle its liabilities as they fall due for a period of twelve months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

Stocks
Stocks of property in the course of development and completed units are stated at the lower of cost and net realisable value. Direct cost comprises the cost of land, material and development costs and those direct overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

Cash and cash equivalent
Cash and cash equivalent include cash in hand and deposits held at call with bank.


LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. STOCKS
2024 2023
£    £   
Work in progress 1,373,558 543,479

At the balance sheet date the aggregate amount of finance costs capitalised amounted to £80,000 (2023: £27,166)

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred consideration 150,000 -
Directors' current accounts 1,153,210 446,655
Accrued expenses 83,600 108,195
1,386,810 554,850

LOCKSBRIDGE LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 14396259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CALLED UP SHARE CAPITAL

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