Company registration number 00497526 (England and Wales)
LILDEN PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LILDEN PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LILDEN PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
1,050,000
1,050,000
Current assets
Debtors
5
591,823
519,727
Cash at bank and in hand
24,443
63,058
616,266
582,785
Creditors: amounts falling due within one year
6
(267,872)
(286,770)
Net current assets
348,394
296,015
Net assets
1,398,394
1,346,015
Capital and reserves
Called up share capital
7
1,000
1,000
Revaluation reserve
227,561
227,561
Profit and loss reserves
1,169,833
1,117,454
Total equity
1,398,394
1,346,015

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
Mrs Y Richards
Director
Company registration number 00497526 (England and Wales)
LILDEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Lilden Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 134 Buckingham Palace Road, London, SW1W 9SA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents the rent receivable exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations in line with signed lease and rental agreements.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
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 current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

LILDEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

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.

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 paymen ts 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. A m ounts 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LILDEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,050,000

The freehold properties were valued by the directors at open market value on an existing use basis at the balance sheet date. No material corporation tax liability would arise if the properties were sold at their carrying values. The historical cost of the investment property is £822,439.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
591,823
519,727
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
17,840
15,758
Other taxation and social security
4,994
6,541
Other creditors
240,433
261,421
Accruals and deferred income
4,605
3,050
267,872
286,770
LILDEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
500
500
500
500
Ordinary B shares of £1 each
500
500
500
500
1,000
1,000
1,000
1,000
8
Related party transactions

B Barnett, Y Richards, C French and M French are directors of Lilden Investments Limited, Lifegrange Limited and Lilden Leicester Limited.

At the year end the company was charged interest of £6,757 (2024: £7,144) at an interest rate of 4.25% (2024: 4.25%) per annum. At the year end, other creditors included £152,806 (2024: £158,997) owed to Lilden Investments Limited and £82,413 (2024: £89,501) owed to Lifegrange Limited. No interest is charged on the loans.

The company has received confirmation from the different directors of Lilden investments Limited and Lifegrange Limited that no repayment will be required which could prejudice the operational activities of the company. Other debtors includes the following amounts from related parties, which are interest free: Lilden Leicester Limited £579,739 (2024: £501,199). During the year the company recharged the sum of £15,000 to Lilden Leicester Limited in respect of overheads and costs attributable to the management of those two related entities.

The directors of Lilden Properties Limited have confirmed that no repayments will be required which could prejudice the operational activities of the above companies.

9
Control

The directors do not consider there to be an ultimate controlling party.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.200 No description of principal activity B Barnett C French Michael French Y Richards Mrs C French 00497526 2024-04-01 2025-03-31 00497526 2025-03-31 00497526 2024-03-31 00497526 core:ShareCapital 2025-03-31 00497526 core:ShareCapital 2024-03-31 00497526 core:RevaluationReserve 2025-03-31 00497526 core:RevaluationReserve 2024-03-31 00497526 core:RetainedEarningsAccumulatedLosses 2025-03-31 00497526 core:RetainedEarningsAccumulatedLosses 2024-03-31 00497526 core:ShareCapitalOrdinaryShareClass1 2025-03-31 00497526 core:ShareCapitalOrdinaryShareClass1 2024-03-31 00497526 core:ShareCapitalOrdinaryShareClass2 2025-03-31 00497526 core:ShareCapitalOrdinaryShareClass2 2024-03-31 00497526 core:ShareCapitalOrdinaryShares 2025-03-31 00497526 core:ShareCapitalOrdinaryShares 2024-03-31 00497526 bus:Director3 2024-04-01 2025-03-31 00497526 2023-04-01 2024-03-31 00497526 2024-03-31 00497526 core:CurrentFinancialInstruments 2025-03-31 00497526 core:CurrentFinancialInstruments 2024-03-31 00497526 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 00497526 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 00497526 bus:OrdinaryShareClass1 2025-03-31 00497526 bus:OrdinaryShareClass1 2024-03-31 00497526 bus:OrdinaryShareClass2 2025-03-31 00497526 bus:OrdinaryShareClass2 2024-03-31 00497526 bus:AllOrdinaryShares 2025-03-31 00497526 bus:AllOrdinaryShares 2024-03-31 00497526 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00497526 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00497526 bus:FRS102 2024-04-01 2025-03-31 00497526 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00497526 bus:Director1 2024-04-01 2025-03-31 00497526 bus:Director2 2024-04-01 2025-03-31 00497526 bus:Director4 2024-04-01 2025-03-31 00497526 bus:CompanySecretary1 2024-04-01 2025-03-31 00497526 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP