Lancaster Real Estate Limited - Filleted accounts

Registered number

03918032

Lancaster Real Estate Limited

Filleted Accounts

31 December 2024

Lancaster Real Estate Limited
Registered number:		03918032
Balance Sheet
as at 31 December 2024

Notes			2024
€
Fixed assets
Investments	6		300,000
			300,000

Creditors: amounts falling due within one year	9	(195,338)

Net current liabilities			(195,338)

Total assets less current liabilities			104,662

Net assets			104,662

Capital and reserves
Called up share capital			16,416
Revaluation reserve	12		258,849
Profit and loss account			(170,603)

Shareholders' funds			104,662

The director is 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 director acknowledges his 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.




Trevor Read
Director
Approved by the board on 30 September 2025

Lancaster Real Estate Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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.
	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

3	Employees			2024
Number

	Average number of persons employed by the company			0

6	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
€			€		€
	Cost
	At 1 January 2024	-		300,000		300,000
	Additions	-		-		-
	Revaluation	-		-		-
	Disposals	-		-		-

	At 31 December 2024	-		300,000		300,000

	Historical cost
	At 1 January 2024	-		-
	At 31 December 2024	-		-

	[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures]
9	Creditors: amounts falling due within one year			2024
€

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			195,338
				195,338

12	Revaluation reserve			2024
€

	At 1 January 2024			258,849
	Gain on revaluation of land and buildings			-
	Deferred taxation arising on the revaluation of land and buildings			-

	At 31 December 2024			258,849

23	Other information

	Lancaster Real Estate Limited is a private company limited by shares and incorporated in England. Its registered office is:
	63-66 Hatton Garden
	5th Floor, Suite 23
	London
	EC1N 8LE