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Registrar

Registration number: 05070191

LCH Property Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

LCH Property Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

LCH Property Management Limited

Company Information

Directors

H M Darlington

L M Darlington

Registered office

The Barn
Woods Farm Grange Road
Pleshey
Chelmsford
Essex
CM3 1HZ

Bankers

Revolut Limited
7 Westferry Circus
Canary Wharf
London
E14 4HD

Accountants

Lambert Chapman LLP
Chartered accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

LCH Property Management Limited

(Registration number: 05070191)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

181,727

181,727

Current assets

 

Debtors

5

3,856,123

4,375,286

Cash at bank and in hand

 

192,838

308,082

 

4,048,961

4,683,368

Creditors: Amounts falling due within one year

6

(1,482,706)

(2,031,201)

Net current assets

 

2,566,255

2,652,167

Net assets

 

2,747,982

2,833,894

Capital and reserves

 

Called up share capital

10

10

Retained earnings

2,747,972

2,833,884

Shareholders' funds

 

2,747,982

2,833,894

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

H M Darlington
Director

 

LCH Property Management Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: The Barn, Woods Farm Grange Road, Pleshey, Chelmsford, Essex, CM3 1HZ, United Kingdom.

These financial statements were authorised for issue by the Board on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

LCH Property Management Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

LCH Property Management Limited

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

4

Investments

2025
£

2024
£

Investments in subsidiaries

180,451

180,451

Investments in associates

1,276

1,276

181,727

181,727

Subsidiaries

£

Cost or valuation

At 1 April 2024

180,451

Carrying amount

At 31 March 2025

180,451

At 31 March 2024

180,451

Associates

£

Cost

At 1 April 2024

1,276

Carrying amount

At 31 March 2025

1,276

At 31 March 2024

1,276

 

LCH Property Management Limited

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

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2024

Subsidiary undertakings

Land Charter (Brentwood) Limited

England and Wales

Ordinary

100%

100%

Kernow Boats Oars Limited

England and Wales

Ordinary

51%

51%

Land Charter (Clare) Limited

England and Wales

Ordinary

100%

100%

L.C. (Godfreys) Limited

England and Wales

Ordinary

100%

100%

Associates

L.C. (Gemini) Limited

Ordinary

50%

50%

England and Wales

Drawkirn Limited

Ordinary

50%

50%

England and Wales

Kernow Boats Limited

Ordinary

49%

49%

England and Wales

LC Godalming Limited

Ordinary

50%

50%

England and Wales

WHQ Rentals Limited

Ordinary

50%

50%

England and Wales

5

Debtors

2025
£

2024
£

Trade debtors

106,457

543,572

Other debtors

3,749,666

3,830,509

Prepayments

-

1,205

3,856,123

4,375,286

 

LCH Property Management Limited

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

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

608,384

337,105

Other creditors

630,978

814,572

Taxation and social security

-

344,917

Corporation tax

237,370

245,506

Accruals and deferred income

5,974

289,101

1,482,706

2,031,201

7

Related party transactions

Loans to related parties

2024

Associates
£

Total
£

At start of period

2,018,676

2,018,676

Advanced

1,098,955

1,098,955

At end of period

3,117,631

3,117,631

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

83,240

83,240

Advanced

4,001

4,001

At end of period

87,241

87,241

Included within debtors and creditors are interest free loans with related parties. The balance owed to the company at the period end was £3,460,670 (2024: £3,523,794). Other related party balances included within debtors and creditors relate to trading and charges, these transactions have been conducted on an arms length basis.