Company No: 10878829 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lee David Wright
	Sophie Kate Sinclair Wright

REGISTERED OFFICE	313 Filey Road
	Scarborough
	YO11 3JG
	United Kingdom

COMPANY NUMBER

10878829 (England and Wales)

ACCOUNTANT	Ian Walker & Co Ltd
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	36,979		24,770
		36,979		24,770
Current assets
Stocks	4	117,500		50,914
Debtors	5	143,624		96,547
Cash at bank and in hand	6	3,048		3,091
		264,172		150,552
Creditors: amounts falling due within one year	7	( 220,776)		( 138,839)
Net current assets		43,396		11,713
Total assets less current liabilities		80,375		36,483
Creditors: amounts falling due after more than one year	8	( 55,477)		( 34,510)
Net assets		24,898		1,973
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		24,798		1,873
Total shareholders' funds		24,898		1,973

For the financial year ending 31 March 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of LDW Property Services Ltd (registered number: 10878829) were approved and authorised for issue by the Board of Directors on 19 June 2025. They were signed on its behalf by:

Sophie Kate Sinclair Wright Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LDW Property Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 313 Filey Road, Scarborough, YO11 3JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		12

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	5,052		28,428		2,390		1,186		37,056
Additions	1,076		23,887		0		0		24,963
Disposals	0		( 3,350)		0		0		( 3,350)
At 31 March 2025	6,128		48,965		2,390		1,186		58,669
Accumulated depreciation
At 01 April 2024	2,536		7,107		2,248		395		12,286
Charge for the financial year	638		9,181		28		395		10,242
Disposals	0		( 838)		0		0		( 838)
At 31 March 2025	3,174		15,450		2,276		790		21,690
Net book value
At 31 March 2025	2,954		33,515		114		396		36,979
At 31 March 2024	2,516		21,321		142		791		24,770

4. Stocks

	2025		2024
	£		£
Stocks	6,500		6,500
Work in progress	111,000		44,414
	117,500		50,914

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

	2025		2024
	£		£
Trade debtors	13,287		38,206
Other debtors	130,337		58,341
	143,624		96,547

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	3,048		3,091
Less: Bank overdrafts	( 46,742)		0
	(43,694)		3,091

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	50,924		24,918
Trade creditors	44,571		61,074
Taxation and social security	46,515		45,627
Obligations under finance leases and hire purchase contracts	4,277		0
Other creditors	74,489		7,220
	220,776		138,839

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	22,146		34,510
Obligations under finance leases and hire purchase contracts	33,331		0
	55,477		34,510

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
75 Ordinary A shares of £ 1.00 each	75		75
25 Ordinary B shares of £ 1.00 each	25		25
	100		100