REGISTERED NUMBER: 02199191 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 29 December 2024

for

Lanmara Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

1,775,000

1,775,000

Debtors

4

2,103

3,241

Cash at bank

1,783

2,362

1,778,886

1,780,603

CREDITORS

Amounts falling due within one year

5

9,560,015

3,034,985

NET CURRENT LIABILITIES

(7,781,129

)

(1,254,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,781,129

)

(1,254,382

)

CREDITORS

Amounts falling due after more than one year

6

-

5,932,942

NET LIABILITIES

(7,781,129

)

(7,187,324

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(7,782,129

)

(7,188,324

)

SHAREHOLDERS' FUNDS

(7,781,129

)

(7,187,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr T R Ahmed - Director

1.	STATUTORY INFORMATION

Lanmara Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02199191

Registered office:

81 Newton Street

Manchester

M1 1EX

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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is balances owed to group companies of £4,581,131 (2023: £4,526,131). These debts are restructured after the balance sheet date as part of efforts to improve the position of the company before its subsequent sale. At the date of this report, the directors are happy that the shareholders are prepared to continue to support the development of the company for the next 12 months.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,103

3,241

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,025,154

3,025,154

Trade creditors

4,468

1,831

Amounts owed to group undertakings

4,581,131

-

Other creditors

1,949,262

8,000

9,560,015

3,034,985

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

4,526,131

Other creditors

-

1,406,811

-

5,932,942

7.	POST BALANCE SHEET EVENTS

At 20th May 2025, 100% of the share capital in Lanmara Developments Ltd was acquired by Marco Axis Ltd from KH IV Estates 823 Ltd .

8.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the company's immediate parent is KH IV Estates 823 Limited, incorporated in Jersey.

3rd Floor

37 Esplanade St Helier

Jersey

JE1 1AD

At the balance sheet date, the company's ultimate controlling party is Kitty Hawk Capital Partners IV LP, incorporated in Jersey.

3rd Floor

37 Esplanade St Helier

Jersey

JE1 1AD

At the date of this report, the company's parent and ultimate controlling party is Marco Axis Ltd, incorporated in England and Wales.

81 Newton Street,

Manchester,

M1 1EX