REGISTERED NUMBER: 12328276 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lamey Land & Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C J McCutcheon

Mr G A Price

Mrs K E Wright

Mrs S M Cleaver

REGISTERED OFFICE:

St. George's House

14 George Street

Huntingdon

Cambridgeshire

PE29 3GH

REGISTERED NUMBER:

12328276 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

St George's House

George Street

Huntingdon

Cambridgeshire

PE29 3GH

FIXED ASSETS

Tangible assets

4

988,176

988,176

CURRENT ASSETS

Debtors

5

5,760

4,190

Cash at bank and in hand

18,435

23,026

24,195

27,216

CREDITORS

Amounts falling due within one year

6

59,153

54,002

NET CURRENT LIABILITIES

(34,958

)

(26,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

953,218

961,390

CREDITORS

Amounts falling due after more than one year

7

(356,549

)

(388,441

)

PROVISIONS FOR LIABILITIES

(119,589

)

(119,589

)

NET ASSETS

477,080

453,360

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

376,147

376,147

Retained earnings

100,833

77,113

477,080

453,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 29 September 2025 and were signed on its behalf by:

Mrs C J McCutcheon - Director

1.	STATUTORY INFORMATION

Lamey Land & Properties Ltd 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.

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.

Turnover

Rents receivable are recognised when it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

988,176

NET BOOK VALUE

At 31 December 2024

988,176

At 31 December 2023

988,176

Cost or valuation at 31 December 2024 is represented by:

Land and

buildings

£

Valuation in 2024

988,176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,316

1,338

Other debtors

1,444

2,852

5,760

4,190

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

4,113

5,733

Other creditors

55,040

48,269

59,153

54,002

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

356,549

388,441

Amounts falling due in more than five years:

Repayable by instalments

Other loans more than 5 years by instalments

222,416

256,961

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

376,147