LANGHAM PROPERTY SERVICES LIMITED

Registered number

03098506

Filleted Accounts

31 December 2024

LANGHAM PROPERTY SERVICES LIMITED
Registered number:			03098506
Balance Sheet
as at 31 December 2024

Notes		31/12/24			30/9/24
£					£
Fixed assets
Tangible assets	3			40,701			40,701

Current assets
Debtors	4		741,155			741,155
Cash at bank and in hand			3,996			7,892
			745,151			749,047

Creditors: amounts falling due within one year	5		(257,202)			(162,481)

Net current assets				487,949			586,566

Total assets less current liabilities				528,650			627,267

Creditors: amounts falling due after more than one year	6			(491,116)			(591,116)



Net assets				37,534			36,151

Capital and reserves
Called up share capital				1			1
Profit and loss account				37,533			36,150

Shareholder's funds				37,534			36,151

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R A McCormack
Director
Approved by the board on 24 September 2025

LANGHAM PROPERTY SERVICES LIMITED
Notes to the Accounts
for the period from 1 October 2024 to 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




2	Employees			31/12/24	30/9/24
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 October 2024	40,701		6,221		46,922
	At 31 December 2024	40,701		6,221		46,922

	Depreciation
	At 1 October 2024	-		6,221		6,221
	At 31 December 2024	-		6,221		6,221

	Net book value
	At 31 December 2024	40,701		-		40,701
	At 30 September 2024	40,701		-		40,701


4	Debtors			31/12/24	30/9/24
£					£

	Other debtors			741,155		741,155


5	Creditors: amounts falling due within one year			31/12/24	30/9/24
£					£

	Trade creditors			10,908		11,749
	Taxation and social security costs			129		129
	Other creditors			246,165		150,603
				257,202		162,481


6	Creditors: amounts falling due after one year			31/12/24	30/9/24
£					£

	Bank loans			482,776		582,776
	Other creditors			8,340		8,340
				491,116		591,116


7	Controlling party

	Mr Robin A McCormack is considered to be the controlling party by reason of his shareholding in the company.





8	Other information

	LANGHAM PROPERTY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	The End House
	Cherry Tree Lane
	Heronsgate, Rickmansworth
	Herts
	WD3 5DW