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REGISTERED NUMBER: 04641106 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

LANG ESTATES LTD

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANG ESTATES LTD

Company Information
for the Year Ended 31st March 2025







DIRECTORS: Mr R Heaton
Mr A Heaton
Ms G N Heaton





REGISTERED OFFICE: Unit 1
Garden Street
Blackburn
Lancashire
BB2 1TY





REGISTERED NUMBER: 04641106 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,443 444,502
Investments 5 152 152
Investment property 6 3,173,049 3,173,049
3,516,644 3,617,703

CURRENT ASSETS
Stocks 2,149,316 1,632,644
Debtors 7 188,788 548,386
Cash at bank and in hand 18,205 143,227
2,356,309 2,324,257
CREDITORS
Amounts falling due within one year 8 523,538 243,449
NET CURRENT ASSETS 1,832,771 2,080,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,349,415

5,698,511

CREDITORS
Amounts falling due after more than one
year

9

(1,928,827

)

(1,842,748

)

PROVISIONS FOR LIABILITIES (62,589 ) (91,790 )
NET ASSETS 3,357,999 3,763,973

CAPITAL AND RESERVES
Called up share capital 152 152
Fair value reserve (59,056 ) (63,781 )
Retained earnings 3,416,903 3,827,602
SHAREHOLDERS' FUNDS 3,357,999 3,763,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Balance Sheet - continued
31st March 2025


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 11th July 2025 and were signed on its behalf by:





Mr R Heaton - Director


LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Lang Estates 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Lang Estates Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition
Sale of goods
Turnover is recognised at legal completion in respect of building and development. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT.

Construction Contracts
Turnover is only recognised on a contract where the output can be estimated reliably. Turnover and costs are recognised by reference to the stage of completion of the contracts at the year end. This is normally measured by surveys of work performed to date. Contracts are only treated as construction contracts when they have been specifically negotiated for the construction of a development or property.

Rents Received
Rents received represents net rents receivable for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Concrete Plant - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Impairment of Assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any impairment.

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the statement of income and retained earnings in the period in which they arise.

Work in progress
Work in profess is valued at the lower of cost and net realisable value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company makes payments to the director's and employees own private pension plans. Contributions into the pension plans are charged to the profit and loss account in the period to which they relate.

Cash at bank and in hand
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Concrete Plant and and
Plant machinery fittings
£    £    £   
COST
At 1st April 2024 379,105 281,306 14,615
Disposals - (34,500 ) (1,667 )
At 31st March 2025 379,105 246,806 12,948
DEPRECIATION
At 1st April 2024 222,611 105,658 2,346
Charge for year 31,308 23,705 1,593
Eliminated on disposal - (16,716 ) (21 )
At 31st March 2025 253,919 112,647 3,918
NET BOOK VALUE
At 31st March 2025 125,186 134,159 9,030
At 31st March 2024 156,494 175,648 12,269

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2024 121,325 1,927 798,278
Disposals - - (36,167 )
At 31st March 2025 121,325 1,927 762,111
DEPRECIATION
At 1st April 2024 21,234 1,927 353,776
Charge for year 25,023 - 81,629
Eliminated on disposal - - (16,737 )
At 31st March 2025 46,257 1,927 418,668
NET BOOK VALUE
At 31st March 2025 75,068 - 343,443
At 31st March 2024 100,091 - 444,502

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2024 141,650 118,825 260,475
Disposals (32,000 ) - (32,000 )
At 31st March 2025 109,650 118,825 228,475
DEPRECIATION
At 1st April 2024 68,632 19,326 87,958
Charge for year 8,478 24,875 33,353
Eliminated on disposal (15,505 ) - (15,505 )
At 31st March 2025 61,605 44,201 105,806
NET BOOK VALUE
At 31st March 2025 48,045 74,624 122,669
At 31st March 2024 73,018 99,499 172,517

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2024
and 31st March 2025 152
NET BOOK VALUE
At 31st March 2025 152
At 31st March 2024 152

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 3,173,049
NET BOOK VALUE
At 31st March 2025 3,173,049
At 31st March 2024 3,173,049

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2022 (48,241 )
Valuation in 2023 (30,500 )
Cost 3,251,790
3,173,049

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 3,251,790 3,251,790

Investment properties were valued on an open market basis on 31st December 2022 by various independent chartered surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 17,387 14,369
Amounts owed by group undertakings 9,269 348,840
Other debtors 19,132 -
Directors' current accounts 96,448 106,353
VAT 24,998 54,468
Prepayments and accrued income 21,554 24,356
188,788 548,386

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 267,650 -
Hire purchase contracts 27,395 52,647
Trade creditors 150,229 127,924
Amounts owed to group undertakings 2,844 359
Social security and other taxes 13,237 7,209
Other creditors 24,591 23,376
Directors' current accounts 7,906 5,941
Accruals and prepaid income 29,686 25,993
523,538 243,449

LANG ESTATES LTD (REGISTERED NUMBER: 04641106)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 381,122 267,650
Other loans - 2-5 years 1,509,505 1,509,505
Hire purchase contracts 38,200 65,593
1,928,827 1,842,748

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 648,772 267,650
Other loans 1,509,505 1,509,505
Hire purchase contracts 65,595 118,240
2,223,872 1,895,395

The bank holds legal charges over various properties owned by the company.

Hire purchase contracts are secured on the assets to which they relate.

Other loans are secured on various investment properties owned by the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25 31.3.24
£    £   
Mr R Heaton
Balance outstanding at start of year 106,353 -
Amounts advanced - 106,353
Amounts repaid (9,905 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,448 106,353

At the 31 March 2025 the company was owed £96,448 (2024: £106,353) from the directors. Interest of 2.25% has been charged on this loan and there is no formal repayment date for these loans, £Nil (2024: £Nil) of this loan is classified in creditors due after more than one year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Heaton.

Throughout this year and the previous year, the above named director controlled the company by virtue of his 100% holding in the share capital of the company.