REGISTERED NUMBER: 03794237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

LURBECK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A.D Kinnear

Mrs E.M.H Kinnear

B J H Kinnear

S J D Kinnear

J A C Kinnear

J I M Kinnear

SECRETARY:

Mrs E.M.H Kinnear

REGISTERED OFFICE:

Orchard Park Farm

Lurgashall

Petworth

West Sussex

GU28 9EU

REGISTERED NUMBER:

03794237 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

BANKERS:

Starling Bank

3rd Floor

2 Finsbury Avenue

London

EC2M 2PP

FIXED ASSETS

Tangible assets

4

11,507,467

11,507,467

Investments

5

-

-

11,507,467

11,507,467

CURRENT ASSETS

Debtors

6

33,191

42,484

Cash at bank

33,656

65,886

66,847

108,370

CREDITORS

Amounts falling due within one year

7

1,057,527

1,153,609

NET CURRENT LIABILITIES

(990,680

)

(1,045,239

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,516,787

10,462,228

CREDITORS

Amounts falling due after more than one year

8

4,745,182

4,794,850

NET ASSETS

5,771,605

5,667,378

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

4,509,279

4,509,279

Retained earnings

1,262,324

1,158,097

SHAREHOLDERS' FUNDS

5,771,605

5,667,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

A.D Kinnear - Director

1.	STATUTORY INFORMATION

Lurbeck 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.

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 as modified by the revaluation of certain assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investment properties

Investment properties are measured at fair value at each reporting date with changes in fair value recognised through the profit and loss account.The gain or loss is credited to the revaluation reserve.

Turnover

Turnover is the total amount of rental income receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st January 2024

and 31st December 2024

11,507,467

NET BOOK VALUE

At 31st December 2024

11,507,467

At 31st December 2023

11,507,467

If investment properties had not been revalued they would have been included at the following historical cost £7,083,387 (2023: £7,083,387).

Investment properties were valued on an open market basis on 31 December 2024 by the directors.

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1st January 2024

and 31st December 2024

1

PROVISIONS

At 1st January 2024

and 31st December 2024

1

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,689

34,982

Other debtors

7,502

7,502

33,191

42,484

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

40,003

36,260

Trade creditors

8,038

13,579

Amounts owed to associates

151,000

141,000

Taxation and social security

20,398

-

Other creditors

838,088

962,770

1,057,527

1,153,609

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,675,182

4,724,850

Other creditors

70,000

70,000

4,745,182

4,794,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

4,516,227

4,516,227

Repayable by instalments

Bank loans

19,494

56,725

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

4,715,185

4,761,110

Other loans

270,000

270,000

4,985,185

5,031,110

10.

RESERVES

Revaluation

reserve

£

At 1st January 2024

and 31st December 2024

4,509,279

11.	RELATED PARTY DISCLOSURES

At the year end £526,159 (2023: £553,663) was owed to A D Kinnear, a director of the company.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is A.D Kinnear.