IRIS Accounts Production v25.3.0.601 01246534 Board of Directors 1.3.24 28.2.25 28.2.25 13.11.2025 0 0 false true false false true false Auditors Opinion Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01246534 2024-02-29 01246534 2025-02-28 01246534 2024-03-01 2025-02-28 01246534 2023-02-28 01246534 2023-03-01 2024-02-29 01246534 2024-02-29 01246534 ns15:EnglandWales 2024-03-01 2025-02-28 01246534 ns14:PoundSterling 2024-03-01 2025-02-28 01246534 ns10:Director1 2024-03-01 2025-02-28 01246534 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 01246534 ns10:SmallEntities 2024-03-01 2025-02-28 01246534 ns10:Audited 2024-03-01 2025-02-28 01246534 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 01246534 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 01246534 ns10:FullAccounts 2024-03-01 2025-02-28 01246534 ns10:Director2 2024-03-01 2025-02-28 01246534 ns10:Director3 2024-03-01 2025-02-28 01246534 ns10:CompanySecretary1 2024-03-01 2025-02-28 01246534 ns10:RegisteredOffice 2024-03-01 2025-02-28 01246534 ns5:CurrentFinancialInstruments 2025-02-28 01246534 ns5:CurrentFinancialInstruments 2024-02-29 01246534 ns5:ShareCapital 2025-02-28 01246534 ns5:ShareCapital 2024-02-29 01246534 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 01246534 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 01246534 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 01246534 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 01246534 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 01246534 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 01246534 ns5:DeferredTaxation 2024-02-29 01246534 ns5:DeferredTaxation 2025-02-28

REGISTERED NUMBER: 01246534 (England and Wales)

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| THE LAWRENCE GROUP (PROPERTIES) LIMITED |

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE LAWRENCE GROUP (PROPERTIES) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | L M Collins

| J S Collins

| S R Collins

| SECRETARY: | S R Collins

| REGISTERED OFFICE: | 63-66 Hatton Garden

| LONDON

| EC1N 8LE

| REGISTERED NUMBER: | 01246534 (England and Wales)

| AUDITORS: | Xeinadin Audit Limited

| Chartered Accountants

| Statutory Auditors

| 8th Floor Becket House

| 36 Old Jewry

| London

| EC2R 8DD

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 5 | 1,800,000 |  | 1,800,000 |  |

CURRENT ASSETS

Debtors | 6 | 1,742,180 |  | 1,593,451 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,288,212 |  | 1,219,677 |  |

NET CURRENT ASSETS | 453,968 |  | 373,774 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,253,968 |  | 2,173,774 |  |

PROVISIONS FOR LIABILITIES | 8 | 103,616 |  | 103,616 |  |

NET ASSETS | 2,150,352 |  | 2,070,158 |  |

CAPITAL AND RESERVES

Called up share capital | 5,000 |  | 5,000 |  |

Non distributable fair value

reserve | 989,110 |  | 989,110 |  |

Retained earnings | 1,156,242 |  | 1,076,048 |  |

SHAREHOLDERS' FUNDS | 2,150,352 |  | 2,070,158 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

S R Collins - Director

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | GENERAL INFORMATION

| The Lawrence Group (Properties) 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.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. Under Companies Act 2006, Section 454, on a voluntary basis, the directors can amend the financial statements if they subsequently proved to be defective.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

| 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.

| Going concern

| The company meets its day-to-day working capital requirements through careful management of working capital positions. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate without any third party support. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| i) Critical judgement in applying the entity's accounting policies

| There are no judgements in applying the entity's accounting policies that have a significant risk of causing a material misstatement to the financial statements.

| ii) Critical accounting estimates and assumptions

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| (a) Investment properties

| Fair value of investment properties are estimated annually either internally or externally, based on the properties' highest-and-best-use, to determine the most appropriate open market valuation.

| (b) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

| (c) Taxation

| The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities.

| Turnover

| Turnover represents gross rent receivable and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Investment property

| In accordance with Section 16 of Investment Properties of FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", investment properties are measured at cost at initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs.

| Investment properties are subsequently measured and included in the accounts at fair value at each year end. Any surplus or deficit on revaluation is recognised initially in the profit and loss account. All revaluation movements are transferred to a non-distributable reserve called "Non-distributable fair value reserve", unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent in which case it remains in the profit and loss account reserve.

| Taxation

| The tax expense for the year comprises corporation tax and deferred tax. Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that :

| The recognition of deferred tax assets is limited to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| Any deferred tax balances are reversed if and when all the conditions for retaining associated tax allowances have been met.

| Both corporation tax and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and trade creditors and loans from other related parties.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

| Financial assets and liabilities are offset and 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.

| Cash and cash equivalents

| Cash includes cash in hand and deposits held with banks. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash with insignificant risk of change in value.

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as deduction, net of tax, from the proceeds.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024

| and 28 February 2025 | 1,800,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,800,000 |  |

| At 29 February 2024 | 1,800,000 |  |

| Investment properties are carried at fair values as at the balance sheet date, as determined by the directors. These valuations are made annually based on the properties' highest-and-best-use using the Direct Market Comparison Method which also involves the directors taking advice of relevant commercial and residential property agents, where applicable, in determining the correct open market valuation.

| Investment properties are leased to non-related parties under operating leases.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 46,662 |  | 65,384 |  |

| Amounts owed by group

| undertakings | 1,686,727 |  | 1,524,344 |  |

| Prepayments | 8,791 |  | 3,723 |  |

1,742,180 |  | 1,593,451 |  |

THE LAWRENCE GROUP (PROPERTIES) LIMITED (REGISTERED NUMBER: 01246534) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,174 |  | 1,770 |  |

| Tax | 3,167 |  | 7,413 |  |

| Other creditors | 12,115 |  | 12,115 |  |

| Amount owed to group

| undertakings | 1,261,623 |  | 1,187,112 |  |

| Accrued expenses | 10,133 |  | 11,267 |  |

1,288,212 |  | 1,219,677 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 103,616 |  | 103,616 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 103,616 |  |

| Balance at 28 February 2025 | 103,616 |  |

| Deferred tax provision relates to revaluation of investment properties.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Julian Landau (Senior Statutory Auditor)

| for and on behalf of Xeinadin Audit Limited

10. | CONTINGENT LIABILITIES

| There is an omnibus guarantee and letter of set-off agreement between the group companies and Lloyds Bank Plc in respect of group overdrafts.

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| All amounts due from/(to) related parties are unsecured, repayable on demand and interest free.