Company No: 14891831 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.05.25		31.05.24
		£		£
Fixed assets
Tangible assets	3	1,739		2,046
		1,739		2,046
Current assets
Debtors	4	7,722		2,014
Cash at bank and in hand		7,047		6,107
		14,769		8,121
Creditors: amounts falling due within one year	5	( 56,881)		( 39,650)
Net current liabilities		(42,112)		(31,529)
Total assets less current liabilities		(40,373)		(29,483)
Net liabilities		( 40,373)		( 29,483)
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		( 40,473 )		( 29,583 )
Total shareholders' deficit		( 40,373)		( 29,483)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of Lamsin Estates Limited (registered number: 14891831) were approved and authorised for issue by the Director on 01 October 2025. They were signed on its behalf by:

Mrs K V Lamsin 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 period, unless otherwise stated.

General information and basis of accounting

Lamsin Estates Limited (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 Ground Floor, Cavendish House Littlewood Drive, West 26 Business Park, Cleckheaton, BD19 4TE, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £40,373. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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 reducing balance basis over its expected useful life, as follows:

Office equipment	15 % reducing balance
Computer equipment	15 % reducing balance

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.

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 Profit and Loss Account.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Year ended 31.05.25		Period from 24.05.23 to 31.05.24
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 June 2024	2,125		282		2,407
At 31 May 2025	2,125		282		2,407
Accumulated depreciation
At 01 June 2024	319		42		361
Charge for the financial year	271		36		307
At 31 May 2025	590		78		668
Net book value
At 31 May 2025	1,535		204		1,739
At 31 May 2024	1,806		240		2,046

4. Debtors

	31.05.25		31.05.24
	£		£
Trade debtors	7,722		0
Other debtors	0		2,014
	7,722		2,014

5. Creditors: amounts falling due within one year

	31.05.25		31.05.24
	£		£
Amounts owed to director	53,433		38,400
Accruals	1,250		1,250
Other taxation and social security	2,198		0
	56,881		39,650

6. Called-up share capital

	31.05.25		31.05.24
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100