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REGISTERED NUMBER: 09796133 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LADYBELLEGATE ESTATES LIMITED

LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LADYBELLEGATE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: K P Elliott
S A Mansfield





SECRETARY: S A Mansfield





REGISTERED OFFICE: First Floor
Southgate House
Southgate Street
Gloucester
GL1 1UB





REGISTERED NUMBER: 09796133 (England and Wales)





AUDITORS: CMB Partnership Limited
Chartered Accountants and Statutory Auditor
7 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 110,817 -

CURRENT ASSETS
Stocks 4 1,971,284 1,875,318
Debtors 5 117,298 646,644
Cash at bank 63,414 731,894
2,151,996 3,253,856
CREDITORS
Amounts falling due within one year 6 197,559 1,160,363
NET CURRENT ASSETS 1,954,437 2,093,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,065,254

2,093,493

CREDITORS
Amounts falling due after more than one
year

7

2,300,000

2,350,000
NET LIABILITIES (234,746 ) (256,507 )

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings (234,750 ) (256,511 )
SHAREHOLDERS' FUNDS (234,746 ) (256,507 )

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 7 August 2025 and were signed on its behalf by:





S A Mansfield - Director


LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Ladybellegate Estates Limited is a private company, limited by shares, registered in England and Wales under the Companies Act. The company's registered number is 09796133. The address of the registered office is as follows:

First Floor
Southgate House
Southgate Street
Gloucester
GL1 1UB

The company's functional and presentational currency is pound sterling.

Turnover
Turnover represents rents receivable together with development sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress represents expenditure on a project to develop a site and is valued at the lower of cost and net realisable value. Cost includes direct expenditure, interest and applicable outgoings associated with bringing the site to its present condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade debtors or creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.


LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)

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

1. 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.

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

Interest income
Interest income is recognised using the effective interest method.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like fixtures and fittings are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock is compared with its selling price less costs to complete and sell. If an item of stock is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

Going concern
The company meets its day to day working capital requirement through its bank accounts. The company's forecasts and projections taking into account possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. The directors therefore have a reasonable expectation that the company has adequate resources to continue its operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.

2. EMPLOYEES AND DIRECTORS

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

LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 143,510
At 30 November 2024 143,510
DEPRECIATION
Charge for year 32,693
At 30 November 2024 32,693
NET BOOK VALUE
At 30 November 2024 110,817

4. STOCKS
30.11.24 30.11.23
£    £   
Work-in-progress 1,971,284 1,875,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 68,725 5,311
Other debtors 48,573 641,333
117,298 646,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 47,173 31,312
Taxation and social security 1,715 561,697
Other creditors 148,671 567,354
197,559 1,160,363

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 2,300,000 2,350,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
4 Ordinary £1 4 4

LADYBELLEGATE ESTATES LIMITED (REGISTERED NUMBER: 09796133)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Martin (Senior Statutory Auditor)
for and on behalf of CMB Partnership Limited

10. OTHER FINANCIAL COMMITMENTS

The Company has a lease of 126 years commencing on 13 October 2023 at a head rent of £200,000 pa increased each year by CPI, for the first two years of the term the rent was reduced by half.

The Company also has some supplemental leases for 25 years at an annual rental of £9,000.

11. RELATED PARTY DISCLOSURES

At 30 November 2024 the company owed £2,345,248 (2023: £2,534,685) to related parties.