ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 10609649

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	LYTTON LAND LIMITED


LYTTON LAND LIMITED

COMPANY INFORMATION

Directors	The Hon. E S F Lytton Cobbold
	Martha F Lytton Cobbold, Baroness Cobbold
	Henry F Lytton Cobbold, 3rd Baron Cobbold


Registered number	10609649


Registered office	The Estate Office
	Knebworth House
	Old Knebworth
	Knebworth
	SG3 6PY


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


LYTTON LAND LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


LYTTON LAND LIMITED REGISTERED NUMBER:10609649

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,279,411		2,279,411
			2,279,411		2,279,411
Current assets
Debtors: amounts falling due within one year	5	112,777		104,367
Cash at bank and in hand		22,431		20,312
		135,208		124,679
Creditors: amounts falling due within one year	6	(27,635)		(18,448)
Net current assets			107,573		106,231
Total assets less current liabilities			2,386,984		2,385,642
Provisions for liabilities
Deferred tax		(475,000)		(475,000)
			(475,000)		(475,000)
Net assets			1,911,984		1,910,642

Capital and reserves
Called up share capital	1,000	1,000
Revaluation reserve	1,525,000	1,525,000
Profit and loss account	385,984	384,642
	1,911,984	1,910,642

Page 1


LYTTON LAND LIMITED REGISTERED NUMBER:10609649

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

The Hon. E S F Lytton Cobbold

Director

Date: 15 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


LYTTON LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Lytton Land Limited 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.3

Tangible fixed assets

Tangible assets consists solely of items of land which are not depreciated within the accounts.

2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 3


LYTTON LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	At 1 April 2024	2,279,411
	At 31 March 2025	2,279,411

	Net book value
	At 31 March 2025	2,279,411
	At 31 March 2024	2,279,411

On 22nd March 2017, the principal land was revalued to £2,000,000 on a market value basis.

Debtors

					2025	2024
					£	£


Trade debtors	3,944	1,340
Other debtors	103,833	103,027
Prepayments and accrued income	5,000	-
	112,777	104,367

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	3,494	(69)
Other taxation and social security	980	1,869
Other creditors	18,161	11,648
Accruals and deferred income	5,000	5,000
	27,635	18,448

Page 4


LYTTON LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Related party transactions

At the balance sheet date the company owed £18,161 to Knebworth Estates. This balance can be found within creditors due within one year. No interest is being charged on this balance.
At the balance sheet date the company was owed £95,603 by Lytton Enterprises Limited, £230 by Cobbold Land Limited and £8000 by Lodge Farm Partnership. These balances can be found within debtors due within one year. No interest is being charged on these balances.

Not later than 1 year	20,000	20,000
Later than 1 year and not later than 5 years	80,000	80,000
Later than 5 years	42,356	62,356
	142,356	162,356

Page 5