Registration number: 09012398

Limpley Stoke Properties Limited

(Registration number: 09012398)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,437	-
Investment property	5	850,000	850,000
Other financial assets	6	2,000	-
		853,437	850,000
Current assets
Debtors	7	396	2,953
Cash at bank and in hand		65,582	55,687
		65,978	58,640
Creditors: Amounts falling due within one year	8	(236,831)	(246,326)
Net current liabilities		(170,853)	(187,686)
Total assets less current liabilities		682,584	662,314
Creditors: Amounts falling due after more than one year	8	(203,000)	(203,000)
Provisions for liabilities		(37,326)	(37,258)
Net assets		442,258	422,056
Capital and reserves
Called up share capital		100	100
Fair value reserve		166,688	166,688
Profit and loss account		275,470	255,268
Shareholders' funds		442,258	422,056

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been 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 director has not delivered to the registrar a copy of the Income Statement.

Limpley Stoke Properties Limited

(Registration number: 09012398)
Statement of Financial Position as at 30 April 2025

Approved and authorised by the director on 9 October 2025
 

......................................... Mr L J Newlyn Director

Limpley Stoke Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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 prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Limpley Stoke Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	see investment property policy below
Office equipment	33 1/3% reducing balance

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

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 income statement 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Limpley Stoke Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	2,155	2,155
At 30 April 2025	2,155	2,155
Depreciation
Charge for the year	718	718
At 30 April 2025	718	718
Carrying amount
At 30 April 2025	1,437	1,437

5	Investment properties

	2025 £
At 1 May 2024	850,000
At 30 April 2025	850,000

The freehold investment properties have been valued by the director on an open market value for existing use basis, based on a review of rent yields and a general market appraisal conducted by him.

There has been no valuation of investment property by an independent valuer.

Limpley Stoke Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	2,000	2,000
At 30 April 2025	2,000	2,000
Impairment
Carrying amount
At 30 April 2025	2,000	2,000

7

Debtors

	2025 £	2024 £
Trade debtors	-	2,600
Prepayments	396	353
	396	2,953

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Taxation and social security	4,535	16,188
Accruals and deferred income	3,921	1,980
Other creditors	228,375	228,158
	236,831	246,326

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	203,000	203,000

Limpley Stoke Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	203,000	203,000

Bank borrowings

Mortgage is denominated in £ with a nominal interest rate of 3.74%, and the final instalment is due on 19 August 2036. The carrying amount at year end is £203,000 (2024 - £203,000). The bank loan is secured by a legal charge over the property that it relates to.