REGISTERED NUMBER: 00972945 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LONSTO INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J C Ancell

R I Dudding

SECRETARY:

Mrs J C Ancell

REGISTERED OFFICE:

Lonsto House

276 Chase Road

London

N14 6HA

REGISTERED NUMBER:

00972945 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

13,982

16,649

Investment property

5

10,041,496

9,683,687

10,055,478

9,700,336

CURRENT ASSETS

Debtors

6

5,663,189

5,176,263

CREDITORS

Amounts falling due within one year

7

1,773,720

1,692,531

NET CURRENT ASSETS

3,889,469

3,483,732

TOTAL ASSETS LESS CURRENT LIABILITIES

13,944,947

13,184,068

CREDITORS

Amounts falling due after more than one year

8

(503,401

)

(568,853

)

PROVISIONS FOR LIABILITIES

(1,311,535

)

(1,222,083

)

NET ASSETS

12,130,011

11,393,132

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

12,129,011

11,392,132

SHAREHOLDERS' FUNDS

12,130,011

11,393,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

R I Dudding - Director

1.	STATUTORY INFORMATION

Lonsto Investment 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable and management fees at invoiced amounts less value added tax. Rental income and management fees are both recognised in the period to which they relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where is it not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash- generating unit to which the asset belongs.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Finance instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Lease premiums

Lease premiums are recognised in the income statement in the accounting period that is was received. The value of the leasehold increases in value when the lease premium is received.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise of a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

267,185

DEPRECIATION

At 1 April 2024

250,536

Charge for year

2,667

At 31 March 2025

253,203

NET BOOK VALUE

At 31 March 2025

13,982

At 31 March 2024

16,649

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

9,683,687

Revaluations

357,809

At 31 March 2025

10,041,496

NET BOOK VALUE

At 31 March 2025

10,041,496

At 31 March 2024

9,683,687

The company's investment properties are carried at their open market value on 31 March 2025 based on a valuation by Mr R I Dudding who is a director of the company. In making the valuations he has considered the value in use of the properties and the present market conditions. Mr R I Dudding is qualified to make the valuations on the basis of his knowledge and experience of the residential and commercial property market.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2012

5,086,719

Valuation in 2017

2,484,209

Valuation in 2020

(324,413

)

Valuation in 2025

357,809

Cost

2,437,172

10,041,496

All monies due, or to become due, from the company to National Westminster Bank PLC on any account whatsoever, are secured by a fixed charge over the assets of the company and personal guarantees made by Mr R I Dudding, a director of the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,598

75,191

Amounts owed by group undertakings

5,523,591

5,101,072

Other debtors

75,000

-

5,663,189

5,176,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,151

34,897

Trade creditors

5,417

3,881

Amounts owed to group undertakings

1,339,000

1,339,000

Taxation and social security

170,285

99,487

Other creditors

222,867

215,266

1,773,720

1,692,531

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

503,401

568,853

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is R I Dudding by virtue of his controlling shareholding in Lonsto Investment (Holdings) Limited.

10.	RETAINED EARNINGS

Included in retained earnings is £6,340,389 (2024: £6,072,032) of profits that are not available for distribution as they are unrealised.