Silverfin false false 31/03/2025 01/04/2024 31/03/2025 10th Marquess of Londonderry 11/10/2012 Lord R Stewart 11/10/2012 K J Miller 14 October 2025 The principal activity of the Company during the financial year was that of administration on behalf of the trustees of various Londonderry settlements, and property ownership and rental. 06802357 2025-03-31 06802357 bus:Director1 2025-03-31 06802357 bus:Director2 2025-03-31 06802357 2024-03-31 06802357 core:CurrentFinancialInstruments 2025-03-31 06802357 core:CurrentFinancialInstruments 2024-03-31 06802357 core:ShareCapital 2025-03-31 06802357 core:ShareCapital 2024-03-31 06802357 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 06802357 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 06802357 core:RetainedEarningsAccumulatedLosses 2025-03-31 06802357 core:RetainedEarningsAccumulatedLosses 2024-03-31 06802357 core:OtherPropertyPlantEquipment 2024-03-31 06802357 core:OtherPropertyPlantEquipment 2025-03-31 06802357 core:WithinOneYear 2025-03-31 06802357 core:WithinOneYear 2024-03-31 06802357 core:BetweenOneFiveYears 2025-03-31 06802357 core:BetweenOneFiveYears 2024-03-31 06802357 2024-04-01 2025-03-31 06802357 bus:FilletedAccounts 2024-04-01 2025-03-31 06802357 bus:SmallEntities 2024-04-01 2025-03-31 06802357 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06802357 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06802357 bus:Director1 2024-04-01 2025-03-31 06802357 bus:Director2 2024-04-01 2025-03-31 06802357 bus:CompanySecretary1 2024-04-01 2025-03-31 06802357 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06802357 2023-07-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 06802357 (England and Wales)

# LONDONDERRY PROPERTY SERVICES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

LONDONDERRY PROPERTY SERVICES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

LONDONDERRY PROPERTY SERVICES LIMITED

## BALANCE SHEET

As at 31 March 2025
LONDONDERRY PROPERTY SERVICES LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025 |  | 31.03.2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 315,000 |  | 350,000
|  | 315,000 |  | 350,000
Current assets |  |  |  |
Debtors | 5 | 2,289 |  | 1,939
Cash at bank and in hand |  | 63,074 |  | 63,051
|  | 65,363 |  | 64,990
Creditors: amounts falling due within one year | 6 | ( 263,473) |  | ( 280,806)
Net current liabilities |  | (198,110) |  | (215,816)
Total assets less current liabilities |  | 116,890 |  | 134,184
Net assets |  | 116,890 |  | 134,184
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | ( 88,156 ) |  | ( 53,156 )
Profit and loss account |  | 204,946 |  | 187,240
Total shareholder's funds |  | 116,890 |  | 134,184

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.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Londonderry Property Services Limited (registered number: 06802357) were approved and authorised for issue by the Board of Directors on 14 October 2025. They were signed on its behalf by:

10th Marquess of Londonderry Director |

LONDONDERRY PROPERTY SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
LONDONDERRY PROPERTY SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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 period, unless otherwise stated.

##### General information and basis of accounting

Londonderry Property Services 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 The Castle House, Long Street, Sherborne, DT9 3BU, United Kingdom.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents rent charged to tenants and administration fees charged to connected trusts and are recognised in the period to which they relate.

##### 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. Tax is recognised in the profit and loss account, 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 10 % reducing balance

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### 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 directors, 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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Year ended 31.03.2025 |  | Period from 01.07.2023 to 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 580 |  | 580
At 31 March 2025 | 580 |  | 580
Accumulated depreciation |  |  |
At 01 April 2024 | 580 |  | 580
At 31 March 2025 | 580 |  | 580
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 350,000
Fair value movement | (35,000)
As at 31 March 2025 | 315,000

Valuation

Investment properties were last revalued on 31 March 2025 by the directors. The valuation was conducted at current open market value.
Deferred tax of £nil (2024 - £nil) has been recognised in the year.

#### 5. Debtors

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 2,289 |  | 1,939

#### 6. Creditors: amounts falling due within one year

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade creditors | 765 |  | 0
Amounts owed to Group undertakings | 241,733 |  | 260,571
Other taxation and social security | 3,560 |  | 3,961
Other creditors | 17,415 |  | 16,274
| 263,473 |  | 280,806

#### 7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 31.03.2025 |  | 31.03.2024
| £ |  | £
within one year | 3,198 |  | 3,198
between one and five years | 5,597 |  | 8,594
Total future minimum lease payments under non-cancellable operating leases | 8,795 |  | 11,792

The total commitment shown above is in relation to non-cancellable operating leases over the hire of certain items of plant and machinery.