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Registered number: 08586935
LCR Properties Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
H & E Johnson
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08586935
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 916 1,221
Investment Properties 5 3,595,000 3,880,000
3,595,916 3,881,221
CURRENT ASSETS
Debtors 6 56,818 52,082
Cash at bank and in hand 108,313 201,716
165,131 253,798
Creditors: Amounts Falling Due Within One Year 7 (155,602 ) (155,624 )
NET CURRENT ASSETS (LIABILITIES) 9,529 98,174
TOTAL ASSETS LESS CURRENT LIABILITIES 3,605,445 3,979,395
Creditors: Amounts Falling Due After More Than One Year 8 (1,881,066 ) (2,099,004 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (135,074 ) (187,325 )
NET ASSETS 1,589,305 1,693,066
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 431,434 431,434
Profit and Loss Account 1,157,870 1,261,631
SHAREHOLDERS' FUNDS 1,589,305 1,693,066
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Lady Catherine Reid
Director
02/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LCR Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08586935 . The registered office is Sandall House 230, High Street, Herne Bay, Kent, CT6 5AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rents receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 July 2024 1,118 2,916 4,034
As at 30 June 2025 1,118 2,916 4,034
Depreciation
As at 1 July 2024 490 2,323 2,813
Provided during the period 157 148 305
As at 30 June 2025 647 2,471 3,118
Net Book Value
As at 30 June 2025 471 445 916
As at 1 July 2024 628 593 1,221
5. Investment Property
2025
£
Fair Value
As at 1 July 2024 3,980,000
Revaluations (275,000)
Depreciation and impairment (110,000 )
As at 30 June 2025 3,595,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 2,945,690 2,945,690
Accumulated depreciation and impairment 110,000 100,000
Carrying amount 2,835,690 2,845,690
The investment properties were valued on an open market basis on 30th June 2025 by the Director.
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 56,818 52,082
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,853 5,234
Other creditors 102,388 101,712
Taxation and social security 49,361 48,678
155,602 155,624
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 1,881,066 2,099,004
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Fair Value Reserve
£
As at 1 July 2024 431,434
As at 30 June 2025 431,434
Page 5