Registrar
Registration number:
LCH Property Management Limited
for the Year Ended 31 March 2025
LCH Property Management Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
LCH Property Management Limited
Company Information
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Directors |
H M Darlington L M Darlington |
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Registered office |
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Bankers |
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Accountants |
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LCH Property Management Limited
(Registration number: 05070191)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
10 |
10 |
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Retained earnings |
2,747,972 |
2,833,884 |
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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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Director
LCH Property Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
LCH Property Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
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Investments in associates |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 April 2024 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Associates |
£ |
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Cost |
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At 1 April 2024 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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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:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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Associates |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Other debtors |
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Prepayments |
- |
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LCH Property Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Taxation and social security |
- |
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Corporation tax |
237,370 |
245,506 |
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Accruals and deferred income |
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Related party transactions |
Loans to related parties
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2024 |
Associates |
Total |
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At start of period |
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Advanced |
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At end of period |
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Loans from related parties
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2024 |
Subsidiary |
Total |
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At start of period |
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Advanced |
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At end of period |
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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.