Longfleet Holdings Limited - Filleted accounts

Registered number

00855056

Longfleet Holdings Limited

Filleted Accounts

31 December 2024

Longfleet Holdings Limited
Registered number:		00855056
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,135,000			1,135,000
Investments	4		2,079			2,079
			1,137,079			1,137,079

Current assets
Debtors	5	18,870			3,860
Cash at bank and in hand		21,487			43,584
		40,357			47,444

Creditors: amounts falling due within one year	6	(52,137)			(48,526)

Net current liabilities			(11,780)			(1,082)

Total assets less current liabilities			1,125,299			1,135,997


Provisions for liabilities			(31,649)			(31,649)


Net assets			1,093,650			1,104,348

Capital and reserves
Called up share capital	7		11,000			11,000
Share premium			30,250			30,250
Revaluation reserve	8		711,604			711,604
Other reserves			38,326			38,326
Profit and loss account			302,470			313,168

Shareholders' funds			1,093,650			1,104,348
continued
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




D T Fernbach
Director
Approved by the board on 25 September 2025

Longfleet Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents earned from the rental of investment properties and the rendering of services. Turnover from rental income is recognised in the period to which the right to receive the rent under the tenancy agreement relates. 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.

	Investments
	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The investment properties fair values of £1,135,000 and fair value movement of £nil included in the profit for the year were determined by the directors based on informal discussions with property professionals together with research from specialist websites and market data, adjusted for any differences in nature, location and condition. Investments in shares are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price).

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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					2024		2023
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 January 2024							1,135,000
	At 31 December 2024							1,135,000

	Depreciation
	At 31 December 2024							-

	Net book value
	At 31 December 2024							1,135,000
	At 31 December 2023							1,135,000


	Freehold land and buildings:					2024		2023
£							£
	Historical cost					391,747		391,747
	Cumulative depreciation based on historical cost					-		-
						391,747		391,747


4	Investments

Other
investments
£
	Cost
	At 1 January 2024							2,079

	At 31 December 2024							2,079
	Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publicly traded and the fair value cannot otherwise be measured reliably. Included within other investments is a 4.55% holding in the ordinary share capital of Sienna Freehold Limited, holder of the freehold interest in one of the investment properties.


5	Debtors					2024		2023
£							£

	Other debtors					18,870		3,860


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Taxation and social security costs					14,775		16,320
	Other creditors					37,362		32,206
						52,137		48,526


7	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		10,000		11,000		11,000

	The B ordinary shares have been reclassified as ordinary shares with same rights as the existing ordinary shares.

8	Revaluation reserve					2024		2023
£							£

	At 1 January 2024					711,604		719,200
	Deferred taxation arising on the revaluation of land and buildings					-		(7,596)

	At 31 December 2024					711,604		711,604


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A P Fernbach
	Interest free loan	-		30,000		(15,000)		15,000

		-		30,000		(15,000)		15,000


10	Other information

	Longfleet Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The History Room at Farnham Pottery
	Pottery Lane, Wrecclesham
	Farnham
	Surrey
	GU10 4QJ