REGISTERED NUMBER: 03733437 (England and Wales)

LONGMORE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

G D Bennett

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

03733437 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Investments

4

1

1

Investment property

5

602,750

602,750

602,751

602,751

CURRENT ASSETS

Debtors

6

75,345

76,316

Cash at bank

50,932

29,771

126,277

106,087

CREDITORS

Amounts falling due within one year

7

9,611

8,494

NET CURRENT ASSETS

116,666

97,593

TOTAL ASSETS LESS CURRENT LIABILITIES

719,417

700,344

CREDITORS

Amounts falling due after more than one year

8

(358,050

)

(358,050

)

PROVISIONS FOR LIABILITIES

(46,625

)

(46,625

)

NET ASSETS

314,742

295,669

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

298,949

298,949

Retained earnings

11

15,693

(3,380

)

SHAREHOLDERS' FUNDS

314,742

295,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 11 September 2025 and were signed by:

G D Bennett - Director

1.	STATUTORY INFORMATION

Longmore Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the fair value reserve. No depreciation is provided in respect of investment properties.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments

Fixed asset investments are shown at the lower of cost and fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

602,750

NET BOOK VALUE

At 31 March 2025

602,750

At 31 March 2024

602,750

Fair value at 31 March 2025 is represented by:

£

Valuation in 2001

257,176

Valuation in 2024

345,574

602,750

The investment property was valued by a director having considered the fair value of recent, comparable property sales in the local area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amount due from related party

75,000

75,818

Prepayments and accrued income

345

498

75,345

76,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1

Taxation

4,475

3,980

Directors' current accounts

1,017

500

Accrued expenses

4,119

4,013

9,611

8,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan - more than 5 years

358,050

358,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan - more than 5 years

358,050

358,050

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

358,050

358,050

The bank loan is secured by a mortgage deed on the investment property and a floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.

12.	RELATED PARTY DISCLOSURES

During the year the Company made a loan Mistlemore Properties Limited, of which Mr G D Bennett is a director and shareholder, to finance the repayment of a company bank loan. Interest is being paid at 1% above bank base rate.