REGISTERED NUMBER: 08002798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LONDON & SOUTHERN ESTATES (WEYBRIDGE)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Swetman

Mrs A M Swetman

M D Swetman

M J Swetman

REGISTERED OFFICE:

36a Station Road

New Milton

Hampshire

BH25 6JX

REGISTERED NUMBER:

08002798 (England and Wales)

ACCOUNTANTS:

David Shores & Co Ltd

36a Station Road

New Milton

Hampshire

BH25 6JX

BANKERS:

Svenska Handelsbanken AB

3 Thomas More Square

London

E1W 1WY

FIXED ASSETS

Tangible assets

4

400,000

400,000

CURRENT ASSETS

Debtors

5

588

588

Cash at bank

2,295

7,303

2,883

7,891

CREDITORS

Amounts falling due within one year

6

238,957

248,986

NET CURRENT LIABILITIES

(236,074

)

(241,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,926

158,905

PROVISIONS FOR LIABILITIES

17,835

13,554

NET ASSETS

146,091

145,351

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

95,625

99,906

Retained earnings

50,366

45,345

SHAREHOLDERS' FUNDS

146,091

145,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:

G D Swetman - Director

1.	STATUTORY INFORMATION

London & Southern Estates (Weybridge) 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 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.

Turnover

Turnover represents the total gross rental income for the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% Straight Line

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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

400,000

1,091

401,091

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

1,091

1,091

NET BOOK VALUE

At 31 December 2024

400,000

-

400,000

At 31 December 2023

400,000

-

400,000

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

88,460

-

88,460

Valuation in 2020

(50,000

)

-

(50,000

)

Valuation in 2022

75,000

-

75,000

Cost

286,540

1,091

287,631

400,000

1,091

401,091

The leasehold property was purchased as an investment property in May 2012.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

588

588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

1,178

1,051

Other creditors

237,779

247,935

238,957

248,986

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

99,906

Investment property

(4,281

)

At 31 December 2024

95,625

8.	OTHER FINANCIAL COMMITMENTS

The company has total commitments under a long non-cancellable operating lease as follows:-

Due within 1 year

350

Due between 2 and 5 years

1,400

Due over 5 years

42,000

The commitment relates to ground rentals on the long term leasehold property owned by the company.

9.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by the trustees for the time being of the E W Swetman Will Trust due to their 100% holding in the company.