Company No: 00930612 (England and Wales)

Contents

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

Director

A M Streeter

Registered office	61 London Road
	Horsham
	West Sussex
	RH12 1AN
	United Kingdom

Company number

00930612 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	1,520,000		1,470,000
Investments	4	30		30
		1,520,030		1,470,030
Current assets
Debtors	5	10,294		676
Cash at bank and in hand		34,447		110,347
		44,741		111,023
Creditors: amounts falling due within one year	6	( 54,207)		( 49,573)
Net current (liabilities)/assets		(9,466)		61,450
Total assets less current liabilities		1,510,564		1,531,480
Creditors: amounts falling due after more than one year	7	( 510,000)		( 625,000)
Net assets		1,000,564		906,480
Capital and reserves
Called-up share capital		99		99
Revaluation reserve		262,615		212,615
Profit and loss account		737,850		693,766
Total shareholders' funds		1,000,564		906,480

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.

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 Larwin Limited (registered number: 00930612) were approved and authorised for issue by the Director on 21 October 2025. They were signed on its behalf by:

A M Streeter 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

Larwin 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 61 London Road, Horsham, West Sussex, RH12 1AN, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2. Employees

	31.03.2025		31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Tangible assets

	Investment property		Total
	£		£
Cost/Valuation
At 01 April 2024	1,470,000		1,470,000
Revaluations	50,000		50,000
At 31 March 2025	1,520,000		1,520,000
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1,520,000		1,520,000
At 31 March 2024	1,470,000		1,470,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Revaluation of tangible assets

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

	31.03.2025		31.03.2024
	£		£
Historical cost	1,257,385		1,257,385
Carrying value	1,257,385		1,257,385

4. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	30		30
At 31 March 2025	30		30
Carrying value at 31 March 2025	30		30
Carrying value at 31 March 2024	30		30

Investments in shares

The following were associates of the Company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024	Held
West Cumbrian Land LLP	61 London Road, Horsham, West Sussex, RH12 1AN	Property development.	Membership	50.00%	50.00%	Direct
Port Derwent Properties Limited	61 London Road, Horsham, West Sussex, RH12 1AN	Property development.	Ordinary	33.30%	33.30%	Direct

5. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	2,090		676
Accrued income	7,987		0
Other debtors	217		0
	10,294		676

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Amounts owed to related parties	20,000		20,000
Accruals and deferred income	13,554		10,890
Taxation and social security	18,840		17,642
Other creditors	1,813		1,041
	54,207		49,573

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

	31.03.2025		31.03.2024
	£		£
Amounts owed to related parties	510,000		625,000

8. Related party transactions

Transactions with the entity's director

	31.03.2025		31.03.2024
	£		£
A M Streeter	1,813		1,041

During the year A M Streeter provided a loan to the company. At the balance sheet date the amount due to A M Streeter was as per above.

Other related party transactions

	31.03.2025		31.03.2024
	£		£
Streeter Group Holdings Limited	530,000		540,000

A M Streeter and R H Streeter are also directors and shareholders of Streeter Group Holdings Limited. During the year the company continued to receive a loan from Streeter Group Holdings Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to Streeter Group Holdings Limited was as per above.