Laing Securities Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Laing Securities Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,139	20,187
Investment property	5	1,943,513	1,953,514
		1,962,652	1,973,701
Current assets
Debtors	6	2,826	3,390
Cash at bank and in hand		292,301	306,492
		295,127	309,882
Creditors: Amounts falling due within one year	7	(18,814)	(15,432)
Net current assets		276,313	294,450
Total assets less current liabilities		2,238,965	2,268,151
Provisions for liabilities		(19,222)	(31,984)
Net assets		2,219,743	2,236,167
Capital and reserves
Called up share capital		100	100
Profit and loss account		2,219,643	2,236,067
Shareholders' funds		2,219,743	2,236,167

Laing Securities Limited

Balance Sheet

31 March 2025

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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 December 2025
 

......................................... M Laing Director

Company Registration Number: 08368837

Laing Securities Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hill Cottage
Winspit Road
Worth Matravers
Swanage
Dorset
BH19 3LW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable in respect of rents receivable.

Tax

Tax is recognised in profit or loss, 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.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 has been measured using a long-term corporation rate of 25%, as this was the last rate substantively enacted before the year end.

Laing Securities Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, Fittings and equipment	15% per annun reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. Changes in fair value are recognised in profit or loss.

Fixed asset Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

 

Laing Securities Limited

Notes to the Financial Statements

Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	28,046	28,046
Additions	2,329	2,329
At 31 March 2025	30,375	30,375
Depreciation
At 1 April 2024	7,859	7,859
Charge for the year	3,377	3,377
At 31 March 2025	11,236	11,236
Carrying amount
At 31 March 2025	19,139	19,139
At 31 March 2024	20,187	20,187

5	Investment properties

	2025 £
At 1 April and 31 March	1,953,514
Additions	39,999
Fair value adjustments	(50,000)
At 31 March	1,943,513

The director has valued the properties at 31 March 2025 at £1,953,514. The value of the investment properties determined on a historical cost basis is £1,885,763 (2024: £1,845,764).

6

Debtors

	2025 £	2024 £
Prepayments	740	632
Other debtors	2,086	2,758
	2,826	3,390

Laing Securities Limited

Notes to the Financial Statements

Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	10,952	7,605
Accruals and deferred income	7,862	7,827
	18,814	15,432

8	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
M Laing
Loan	2,094	56,977	(57,589)	1,482

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
M Laing
Loan	4,355	238,098	(240,359)	2,094

Summary of transactions with other related parties

In 2021 an investment property addition of £496,601 related to the company's share of a property purchased by the director and his spouse which is in part held in trust for the company. A loan was taken out by the director and his spouse, which was repaid in the previous year.
In the current and the previous year the company acquired part of a property owned by the director, the amount paid were £39,999 in each year, the company's share of the property is held in trust for the company by the director. The director has a loan on the property which is secured on the property.

9

Reserves

Included in profit and loss reserves is £43,312 (2024: £80,812) of non-distributable reserves.