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REGISTERED NUMBER: 05298243 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LAMRON DEVELOPMENTS (ODIHAM) LIMITED

LAMRON DEVELOPMENTS (ODIHAM) LIMITED (REGISTERED NUMBER: 05298243)

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


LAMRON DEVELOPMENTS (ODIHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 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
Hampshire
RG21 8UE





REGISTERED NUMBER: 05298243 (England and Wales)





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

LAMRON DEVELOPMENTS (ODIHAM) LIMITED (REGISTERED NUMBER: 05298243)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Investment property 4 276,356 275,000

CURRENT ASSETS
Stocks - 342,724
Debtors 5 1,140 345
Cash at bank 321,789 19,732
322,929 362,801
CREDITORS
Amounts falling due within one year 6 (610,676 ) (629,578 )
NET CURRENT LIABILITIES (287,747 ) (266,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,391 ) 8,223

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (11,393 ) 8,221
SHAREHOLDERS' FUNDS (11,391 ) 8,223

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

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

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 August 2025 and were signed on its behalf by:



M M S McPhail - Director


LAMRON DEVELOPMENTS (ODIHAM) LIMITED (REGISTERED NUMBER: 05298243)

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


1. STATUTORY INFORMATION

Lamron Developments (Odiham) 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. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available to the company 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 resultfrom 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 the sale of development property and is recognised at the date of completion of the sale.

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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present condition.

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.

Cash and cash equivalents
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.

3. EMPLOYEES AND DIRECTORS

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

LAMRON DEVELOPMENTS (ODIHAM) LIMITED (REGISTERED NUMBER: 05298243)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 275,000
Additions 1,356
At 30 November 2024 276,356
NET BOOK VALUE
At 30 November 2024 276,356
At 30 November 2023 275,000

The valuation of the investment properties was made at 30 November 2024 by the directors of the company, on an open market basis. No depreciation is provided in respect of this property.

On a historical cost basis the property would have been included on the Balance Sheet at a cost of £234,362.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 1,140 345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 369 -
Trade creditors 580 1,091
Amounts owed to related parties 607,912 607,912
Other creditors 1,815 20,575
610,676 629,578

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary £1 - 2
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
2 2