| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2025 |
| for |
| LANG ESTATES LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Concrete Plant | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2024 |
| Disposals | ( |
) |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 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 |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 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 |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' current accounts | 96,448 | 106,353 |
| VAT |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 7,906 | 5,941 |
| Accruals and prepaid income |
| 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 |
| Other loans - 2-5 years |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans |
| Other loans |
| Hire purchase contracts | 65,595 | 118,240 |
| 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 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 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 |
| 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. |