ACCOUNTS - Final Accounts preparation

Registered number: 15554426

LYMORE ESTATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025


LYMORE ESTATE LIMITED REGISTERED NUMBER:15554426

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

FIXED ASSETS
Tenant improvements		14,541
		14,541
CURRENT ASSETS
Debtors: amounts falling due within one year	61,910
Cash at bank and in hand	179,469
	241,379
Creditors: amounts falling due within one year	(208,493)
NET CURRENT ASSETS		32,886
TOTAL ASSETS LESS CURRENT LIABILITIES		47,427
Creditors: amounts falling due after more than one year		(26,187)

NET ASSETS		21,240

CAPITAL AND RESERVES
Called up share capital			100
Profit and loss account			21,140
			21,240

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LYMORE ESTATE LIMITED REGISTERED NUMBER:15554426

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2025.

Jonathan Herbert

Director

The notes on pages 4 to 7 form part of these financial statements.

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LYMORE ESTATE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 MARCH 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
COMPREHENSIVE INCOME FOR THE PERIOD
Profit for the period	-	21,640	21,640
CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS
Dividends: Equity capital	-	(500)	(500)
Shares issued during the period	100	-	100
AT 31 MARCH 2025	100	21,140	21,240

The notes on pages 4 to 7 form part of these financial statements.

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LYMORE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Lymore Estate Ltd, (Company Number: 15554426), is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at The Estate office, Dairy Square, Red Lane, Welshpool, Powys, SY21 8RG.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

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LYMORE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

TAXATION

Tax is recognised in profit or loss except that a charge 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.

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

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenant improvements

10%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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LYMORE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including the director, during the period was as follows:

			31 March
			2025
			No.

			1

4.	TANGIBLE FIXED ASSETS

		Tenant improvements
		£
	COST OR VALUATION
	Additions	16,157
	At 31 March 2025	16,157
	DEPRECIATION
	Charge for the period on owned assets	1,616
	At 31 March 2025	1,616
	NET BOOK VALUE
	At 31 March 2025	14,541

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LYMORE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

DEBTORS

					2025
					£


	Trade debtors	57,912
	Other debtors	3,998
		61,910

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025
		£

	Trade creditors	64,154
	Corporation tax	9,893
	Other creditors	31,018
	Rents in advance	103,428
		208,493

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025
		£

	Other creditors	26,187
		26,187

8.	RELATED PARTY TRANSACTIONS
	Included within creditors due after more than one year is a balance of £26,187 due to Jonathan Herbert, the director of the company.

9.	CONTROLLING PARTY

The company is under the control of Jonathan Herbert, the director, who owns 100% of the share capital of the company both directly and indirectly.

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