Company No: 06037324 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,321,316		930,568
Investments	4	102		102
		1,321,418		930,670
Current assets
Debtors	5	22,048		11,751
Cash at bank and in hand		27,310		4,629
		49,358		16,380
Creditors: amounts falling due within one year	6	( 1,381,919)		( 921,973)
Net current liabilities		(1,332,561)		(905,593)
Total assets less current liabilities		(11,143)		25,077
Net (liabilities)/assets		( 11,143)		25,077
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 11,243 )		24,977
Total shareholder's (deficit)/funds		( 11,143)		25,077

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ledbury Estates Limited (registered number: 06037324) were approved and authorised for issue by the Director on 16 September 2025. They were signed on its behalf by:

A J R Heaton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ledbury Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Eccleston Mews, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover comprises revenue which is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively by the balance sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments are measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash inhand and at bank.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Other investments are also measured at cost less accumulated impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 January 2024	929,610		18,269		947,879
Additions	390,987		0		390,987
At 31 December 2024	1,320,597		18,269		1,338,866
Accumulated depreciation
At 01 January 2024	0		17,311		17,311
Charge for the financial year	0		239		239
At 31 December 2024	0		17,550		17,550
Net book value
At 31 December 2024	1,320,597		719		1,321,316
At 31 December 2023	929,610		958		930,568

4. Fixed asset investments

	2024		2023
	£		£
Subsidiary undertakings	102		102

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	102
At 31 December 2024	102
Carrying value at 31 December 2024	102
Carrying value at 31 December 2023	102

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023	Held
Graffham Estates Limited	England and Wales	Real estate	Ordinary shares	100.00%	100.00%	Direct
The Midhurst Stone Company Limited	England and Wales	Dormant	Ordinary shares	100.00%	100.00%	Direct

The capital and reserves and the profit of the subsidiary undertakings was as follows:

	Capital and reserves at 2024	Profit for the year ended 2024
	£	£
Graffham Estates Limited	176,419	10,261
The Midhurst Stone Company Limited	2	0

5. Debtors

	2024		2023
	£		£
Trade debtors	1,032		396
Prepayments	20,271		11,318
VAT recoverable	745		37
	22,048		11,751

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	800,000		241,000
Amounts owed to director	15,334		105,198
Other loans	560,000		571,250
Accruals	3,600		4,450
Other creditors	2,985		75
	1,381,919		921,973

7. Related party transactions

At 31 December 2024, the company owed the director £15,334 (2023: £105,198). No interest is charged on this loan.