REGISTERED NUMBER: 03881963 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LANDSDOWN PROPERTY PORTFOLIO LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E C Hanratty

G W Early

K R Early

P Hanratty

SECRETARY:

G W Early

REGISTERED OFFICE:

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

REGISTERED NUMBER:

03881963 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Property, plant and equipment

4

6,173

7,533

Investment property

5

2,229,725

2,229,725

2,235,898

2,237,258

CURRENT ASSETS

Debtors

6

21,866

22,294

Cash at bank

45,738

90,779

67,604

113,073

CREDITORS

Amounts falling due within one year

7

75,854

94,440

NET CURRENT (LIABILITIES)/ASSETS

(8,250

)

18,633

TOTAL ASSETS LESS CURRENT LIABILITIES

2,227,648

2,255,891

PROVISIONS FOR LIABILITIES

370,109

370,286

NET ASSETS

1,857,539

1,885,605

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,857,439

1,885,505

SHAREHOLDERS' FUNDS

1,857,539

1,885,605

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 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 and authorised for issue by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:

P Hanratty - Director

G W Early - Director

K R Early - Director

E C Hanratty - Director

1.	STATUTORY INFORMATION

Landsdown Property Portfolio Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03881963 and the registered office address is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.

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 and on a going concern basis).

Revenue

Revenue represents invoiced services, rent and sales of developed property.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax on revalued investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

9,425

4,578

14,003

DEPRECIATION

At 1 April 2024

2,898

3,572

6,470

Charge for year

653

707

1,360

At 31 March 2025

3,551

4,279

7,830

NET BOOK VALUE

At 31 March 2025

5,874

299

6,173

At 31 March 2024

6,527

1,006

7,533

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,229,725

NET BOOK VALUE

At 31 March 2025

2,229,725

At 31 March 2024

2,229,725

The initial cost of the investment property was £463,823.

Investment property has been valued on an open market basis.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

2,612,050

Valuation in 2019

(34,250

)

Valuation in 2020

(550,000

)

Valuation in 2021

201,925

2,229,725

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

21,866

22,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

65

5,789

Taxation and social security

3,748

8,573

Other creditors

72,041

80,078

75,854

94,440

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Director 1

Balance outstanding at start of year

(661

)

(16,015

)

Amounts advanced

12,882

29,627

Amounts repaid

(10,176

)

(14,273

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,045

(661

)