Registration number: 00696610

Lansbury Estates Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Lansbury Estates Limited

Company Information

Directors

J A Craven M J Craven C T Dalton K J Edwards

Registered office

Craven House 102 Lower Guildford Road Knaphill Woking Surrey GU21 2EP

Lansbury Estates Limited

(Registration number: 00696610)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Tangible assets	4	212,504	196,469
Investment property	5	7,500,000	7,500,000
Other financial assets	6	39,599	39,599
		7,752,103	7,736,068
Current assets
Debtors	7	179,701	146,315
Cash at bank and in hand		322,219	70
		501,920	146,385
Creditors: Amounts falling due within one year	8	(307,810)	(291,602)
Net current assets/(liabilities)		194,110	(145,217)
Total assets less current liabilities		7,946,213	7,590,851
Creditors: Amounts falling due after more than one year	8	(300,000)	-
Provisions for liabilities		(179,644)	(177,166)
Net assets		7,466,569	7,413,685
Capital and reserves
Called up share capital	9	5,000	5,000
Share premium reserve		38,000	38,000
Capital redemption reserve		7,731	7,731
Revaluation reserve		3,752,189	3,752,189
Retained earnings		3,663,649	3,610,765
Shareholders' funds		7,466,569	7,413,685

Lansbury Estates Limited

(Registration number: 00696610)
Balance Sheet as at 31 December 2024 (continued)

For the financial 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.
 

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:

......................................... J A Craven Director

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Craven House, 102 Lower Guildford Road, Knaphill, Woking, Surrey, GU21 2EP.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Critical accounting judgements and estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key source of estimation uncertainty that has a significant effect on amounts recognised in the financial states is the valuation of land and buildings.

Land and buildings are stated at fair value based on the valuation performed by independent professional valuers with recent experience in the location and category property valued. The valuers used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset..

Revenue recognition

Revenue (described as Turnover) represents rents and service charges due from tenants for the year,
excluding value added tax. Revenue is recognised as it becomes contractually due in accordance with
tenancy agreements.

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tax

Tax on profit 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 the profit as reported in the profit and loss account 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 year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets
and liabilities

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Depreciation

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.

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	20% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are ecognised in profit or loss.

Other fixed asset investments

Non-quoted fixed assets investments are stated at cost less impairment. The carrying value is reviewed at each reporting date for indicators of impairment, and any impairment loss is recognised immediately in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore
continues to adopt the going concern basis in preparing its financial statements.

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	19,735	322,728	-	342,463
Additions	4,738	67,563	7,500	79,801
At 31 December 2024	24,473	390,291	7,500	422,264
Depreciation
At 1 January 2024	15,443	130,551	-	145,994
Charge for the year	3,716	58,550	1,500	63,766
At 31 December 2024	19,159	189,101	1,500	209,760
Carrying amount
At 31 December 2024	5,314	201,190	6,000	212,504
At 31 December 2023	4,292	192,177	-	196,469

5	Investment properties

	31 December 2024 £
At 1 January	7,500,000
At 31 December	7,500,000

Investment property was valued on an open market basis on 31 December 2023 by the directors having regard to an independent valuation carried out in 2021.

If investment property had not been revalued it would have been included at historical cost of £3,567,903 (2023: £3,567,903).

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6	Other financial assets

	31 December 2024 £	31 December 2023 £
Fixed asset investments
Financial assets at cost less impairment	39,599	39,599

Other investments comprise an investment of ordinary shares in Allotrope Energy Ltd, a private limited company.

7

Debtors

Current	31 December 2024 £	31 December 2023 £
Trade debtors	19,506	35,081
Prepayments	75,972	27,859
Other debtors	84,223	83,375
	179,701	146,315

8

Creditors

Creditors: amounts falling due within one year

	Note	31 December 2024 £	31 December 2023 £
Due within one year
Loans and borrowings		3,317	18,277
Trade creditors		80,470	96,020
Social security and other taxes		58,659	20,904
Other payables		24,786	27,096
Accruals		6,700	16,010
Corporation tax liability		17,687	-
Deferred income		116,191	113,295
		307,810	291,602
Due after one year
Loans and borrowings		300,000	-

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8	Creditors (continued)

Current loans and borrowings

	31 December 2024 £	31 December 2023 £
Bank overdrafts	3,317	18,277

Creditors: amounts falling due after more than one year

	Note	31 December 2024 £	31 December 2023 £
Due after one year
Bank borrowings		300,000	-

Bank borrowings

The bank borrowing is denominated in GBP with a nominal interest rate of 7.48%, and the final instalment is due on 28 August 2029. The carrying amount at year end is £300,000 (2023 - £Nil). The bank borrowing is secured by way of legal charge over investment property.

9	Share capital

Allotted, called up and fully paid shares

	31 December 2024		31 December 2023
	No.	£	No.	£
Ordinary shares of £1 each	5,000	5,000	5,000	5,000

Lansbury Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

10	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	At 31 December 2024 £
Overdrawn directors' loan	32,233	32,233

2023	At 1 January 2023 £	Advances to director £	At 31 December 2023 £
Overdrawn directors' loan	22,824	9,409	32,233