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REGISTERED NUMBER: 02727399 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LAMRON COMMERCIAL DEVELOPMENTS LIMITED

LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

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


LAMRON COMMERCIAL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N O McPhail
M M S McPhail



SECRETARY: N O McPhail



REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL



BUSINESS ADDRESS: Brinkletts House
15 Winchester Road
Basingstoke
RG21 8UE



REGISTERED NUMBER: 02727399 (England and Wales)



ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL



BANKERS: Bank of Scotland Plc
33 Old Broad Street
London
EC2N 1HZ



SOLICITORS: Phillips Solicitors
Town Gate
38 London Street
Basingstoke
Hampshire
RG21 7NY

LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,624,073 1,624,073

CURRENT ASSETS
Debtors 5 1,955,914 1,937,388
Cash at bank 37,907 40,873
1,993,821 1,978,261
CREDITORS
Amounts falling due within one year 6 (3,585,399 ) (3,589,082 )
NET CURRENT LIABILITIES (1,591,578 ) (1,610,821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,495 13,252

CREDITORS
Amounts falling due after more than one
year

7

(316,144

)

(381,331

)

PROVISIONS FOR LIABILITIES 8 (27,878 ) (27,824 )
NET LIABILITIES (311,527 ) (395,903 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (311,529 ) (395,905 )
SHAREHOLDERS' FUNDS (311,527 ) (395,903 )

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.

LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





M M S McPhail - Director


LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

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


1. STATUTORY INFORMATION

Lamron Commercial Developments 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 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 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.

Going concern
The financial statements have been prepared on the going concern basis, as funds will continue to be made available from related undertakings to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

Turnover
Turnover represents amounts received in rental income and recharged expenses, net of VAT.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,624,073
NET BOOK VALUE
At 30 September 2024 1,624,073
At 30 September 2023 1,624,073

The investment property was valued by an independent third party Chartered Surveyor on 22 August 2022 on an open market basis. The directors do not believe that the value had materially changed between 22 August 2022 and 30 September 2024 and the value in the financial statements is therefore the 22 August 2022 valuation. No depreciation is provided in respect of this property.

LAMRON COMMERCIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02727399)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by participating interests 1,887,164 1,856,064
Other debtors 68,750 81,324
1,955,914 1,937,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 17,560 16,599
Trade creditors - 8,119
Amounts owed to group undertakings 1,103,001 1,103,001
Taxation and social security 11,948 6,250
Other creditors 2,452,890 2,455,113
3,585,399 3,589,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 316,144 381,331

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 27,878 27,824

Deferred
tax
£   
Balance at 1 October 2023 27,824
Charge to Profit and Loss Account during year 54
Balance at 30 September 2024 27,878

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2