Longmont Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06911288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LONGMONT PROPERTIES LIMITED

Page

Company Information

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

S. A. Sharer

Mrs W. Sharer

D. A. Sharer

SECRETARY:

S. A. Sharer

REGISTERED OFFICE:

Block E, 2nd Floor,

286a Chase Road

Southgate

London

N14 6HF

REGISTERED NUMBER:

06911288 (England and Wales)

ACCOUNTANTS:

Morphakis Stelios & Co

Block E, 2nd Floor

286a Chase Road

Southgate

London

N14 6HF

TURNOVER

-

23,700

Cost of sales

24,000

15,535

GROSS (LOSS)/PROFIT

(24,000

)

8,165

Administrative expenses

10,861

13,109

OPERATING LOSS

(34,861

)

(4,944

)

Interest payable and similar expenses

1

-

LOSS BEFORE TAXATION

4

(34,862

)

(4,944

)

Tax on loss

-

LOSS FOR THE FINANCIAL YEAR

(34,862

)

(4,944

)

FIXED ASSETS

Tangible assets

5

22

33

CURRENT ASSETS

Debtors

6

676,414

704,937

CREDITORS

Amounts falling due within one year

7

16,932

10,604

NET CURRENT ASSETS

659,482

694,333

TOTAL ASSETS LESS CURRENT
LIABILITIES

659,504

694,366

CAPITAL AND RESERVES

Called up share capital

24,000

Retained earnings

635,504

670,366

SHAREHOLDERS' FUNDS

659,504

694,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

S. A. Sharer - Director

1.	STATUTORY INFORMATION

Longmont Properties 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	LOSS BEFORE TAXATION

The loss is stated after charging:

31.1.25

31.1.24

£

Depreciation - owned assets

11

17

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

376

DEPRECIATION

At 1 February 2024

343

Charge for year

11

At 31 January 2025

354

NET BOOK VALUE

At 31 January 2025

22

At 31 January 2024

33

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Amounts due from related companies

4,637

Loans

592,694

621,694

Loan 2

78,330

VAT

753

276

676,414

704,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

-

18

Amounts due to

related business

11,936

6,253

Directors' current accounts

3,721

2,483

Accrued expenses

1,275

1,850

16,932

10,604

8.	RELATED PARTY DISCLOSURES

(A) Mr S. Sharer and Mrs W. Sharer, who are directors in the reporting company, are also partners in S & W Sharer Partnership.

The reporting company owes £11,936 (2024 - £6,253) to S & W Sharer Partnership at the balance sheet date (shown in ' Creditors falling due within one year'). The total transactions for the year ended 31.01.2024 are as follows:-

31.01.25

31.01.24

£

Loans

-

Gross Sales

-

Receipts for Gross Sales

-

Other transactions

(317

)

-

Management fees

6,000

7,700

(B) Valeview Properties Limited is a company wholly owed by Mr S. Sharer and Mrs W. Sharer, who are directors of the reporting company.

The reporting company is owed £4,637 (2024 - £4,637) by Valeview Properties Limited, shown in debtors falling due within one year.

C) Mr D.A. Sharer, a director of the company, is also the controlling shareholder of Longmont Swallowfield Limited and of BWD Limited (In liquidation). During the year ended 31st January 2025 there was a settlement by the liquidator of BWD Ltd for £2,971.The balance of £26,029 was written off, as being irrecoverable.

The following amounts are shown as due to the reporting company as at 31 January 2025:

i) Longmont Swallowfield Limited

£592,694

ii) BWD Limited (In liquidation)

-

£592,694

Both the above amounts are included under 'Loans' in Debtors (Note 6).

D) Miss Belinda Sharer, daughter of Mr S. and Mrs W. Sharer, received an additional loan of £Nil during the current year. The amount owed by her to the company at the balance sheet date totals £78,330 (2024 - £78,330). This loan is interest free and repayable on demand.