LG Properties (Northampton) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10268272

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		151,542		35,667
Investment Properties	5		5,727,422		5,371,856

			5,878,964		5,407,523
CURRENT ASSETS
Debtors	6	1,261,269		519,395
Cash at bank and in hand		57,471		8,991

		1,318,740		528,386
Creditors: Amounts Falling Due Within One Year	7	(1,662,223 )		(2,999,274 )

NET CURRENT ASSETS (LIABILITIES)			(343,483 )		(2,470,888 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,535,481		2,936,635

Creditors: Amounts Falling Due After More Than One Year	8		(6,338,368 )		(3,630,810 )

NET LIABILITIES			(802,887 )		(694,175 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(802,987 )		(694,275 )

SHAREHOLDERS' FUNDS			(802,887)		(694,175)

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LG Properties (Northampton) Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Salim Lalani

Director

17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

LG Properties (Northampton) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10268272 . The registered office is 7G Mobbs Miller House, Christchurch Road, Northampton, NN1 5LL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis as the directors have undertaken to provide

financial support to the company for the forseeable future.

2.3. 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 rental of property.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 4 (2023: 4)

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LG Properties (Northampton) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	77,237
Additions	160,149

As at 31 December 2024	237,386

Depreciation
As at 1 January 2024	41,570
Provided during the period	44,274

As at 31 December 2024	85,844

Net Book Value
As at 31 December 2024	151,542

As at 1 January 2024	35,667

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	5,371,856
Additions	355,566

As at 31 December 2024	5,727,422

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,721	1,875
Prepayments and accrued income	550	61,569
Other debtors	1,258,998	455,951

	1,261,269	519,395

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LG Properties (Northampton) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	12,795	9,561
Bank loans and overdrafts	55,324	915,411
Other creditors	1,592,904	2,071,410
Accruals and deferred income	1,200	2,892

	1,662,223	2,999,274

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,453,947	1,844,389
Directors loan account	1,884,421	1,786,421

	6,338,368	3,630,810

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	4,178,935		1,844,389

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by charges over certain investment properties of the company. The directors have additionally given personal guarantees in respect of certain bank loans included within the figure below.

	2024		2023
	£		£
Bank loans and overdrafts	4,509,271		2,759,800

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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