Registration number: 02084289

Langridge Developments (Sussex) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Langridge Developments (Sussex) Limited

Company Information

Directors

Mr Sean William Langridge Mr William Joseph Langridge Mr Mark Christian Langridge

Company secretary

Mr William Joseph Langridge

Registered office

93 Aldwick Road Bognor Regis West Sussex United Kingdom PO21 2NW

Accountants

Matthews Hanton Limited Chartered Certified Accountants93 Aldwick Road Bognor Regis West Sussex PO21 2NW

Langridge Developments (Sussex) Limited

(Registration number: 02084289)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,303,869	2,305,158
Current assets
Debtors	6	2,016	5,564
Cash at bank and in hand		212,103	240,437
		214,119	246,001
Creditors: Amounts falling due within one year	7	(40,296)	(39,299)
Net current assets		173,823	206,702
Total assets less current liabilities		2,477,692	2,511,860
Provisions for liabilities		(124,138)	(124,462)
Net assets		2,353,554	2,387,398
Capital and reserves
Called up share capital	8	1,100	1,000
Other reserves		1,433,791	1,433,791
Retained earnings		918,663	952,607
Shareholders' funds		2,353,554	2,387,398

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 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

......................................... Mr William Joseph Langridge Company secretary and director

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW
United Kingdom

The principal place of business is:
Unit M1
Rudford Industrial Estate
Ford Road
Arundel
West Sussex
BN18 0BS
England

These financial statements were authorised for issue by the Board on 8 December 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Freehold Property	2% on cost and not provided
Plant and Machinery	20% Reducing balance
Motor vehicles	25% Reducing balance
Office equipment	25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	100,000	100,000
At 31 March 2025	100,000	100,000
Amortisation
At 1 April 2024	100,000	100,000
At 31 March 2025	100,000	100,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 April 2024	2,452,111	4,500	61,249	48,185
At 31 March 2025	2,452,111	4,500	61,249	48,185
Depreciation
At 1 April 2024	152,111	4,490	56,101	48,185
Charge for the year	-	3	1,286	-
At 31 March 2025	152,111	4,493	57,387	48,185
Carrying amount
At 31 March 2025	2,300,000	7	3,862	-
At 31 March 2024	2,300,000	10	5,148	-

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Total £
Cost or valuation
At 1 April 2024	2,566,045
At 31 March 2025	2,566,045
Depreciation
At 1 April 2024	260,887
Charge for the year	1,289
At 31 March 2025	262,176
Carrying amount
At 31 March 2025	2,303,869
At 31 March 2024	2,305,158

Included within the net book value of land and buildings above is £2,300,000 (2024 - £2,300,000) in respect of freehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
Trade debtors	2,016	5,564
	2,016	5,564

Langridge Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,151	1,144
Taxation and social security	18,028	19,842
Accruals and deferred income	1,300	1,985
Other creditors	19,817	16,328
	40,296	39,299

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	1,000	1,000	1,000	1,000
Ordinary B of £1 (2024 - £0) each	100	100	-	-
	1,100	1,100	1,000	1,000

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £98.75 (2024 - £55.00) per each Ordinary		86,750		55,000