Company Registration No. 09104467 (England and Wales)
Lance Robinson Properties Ltd
Unaudited accounts
for the year ended 31 March 2025
Lance Robinson Properties Ltd
Unaudited accounts
Contents
Lance Robinson Properties Ltd
Company Information
for the year ended 31 March 2025
Director
Lance Christopher Robinson
Secretary
Mrs Nihad Robinson
Company Number
09104467 (England and Wales)
Registered Office
7 High Street
Windsor
Berkshire
SL4 1LD
England
Accountants
James Norman Business Advisory Limited
7 High Street
Windsor
SL4 1LD
Lance Robinson Properties Ltd
Statement of financial position
as at 31 March 2025
Investment property
4,782,539
4,782,539
Cash at bank and in hand
24,061
49,957
Creditors: amounts falling due within one year
(533,066)
(656,090)
Net current liabilities
(508,620)
(605,748)
Total assets less current liabilities
4,274,119
4,176,991
Creditors: amounts falling due after more than one year
(2,127,522)
(2,127,522)
Provisions for liabilities
Deferred tax
(143,900)
(143,900)
Net assets
2,002,697
1,905,569
Called up share capital
1,100
1,100
Revaluation reserve
796,100
796,100
Profit and loss account
1,205,497
1,108,369
Shareholders' funds
2,002,697
1,905,569
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2025 and were signed on its behalf by
Lance Christopher Robinson
Director
Company Registration No. 09104467
Lance Robinson Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Lance Robinson Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09104467. The registered office is 7 High Street, Windsor, Berkshire, SL4 1LD, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
This is a parent company and is exempt from preparing group accounts as it qualifies as a small group.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is shown at most recent valuation. Any aggregate surplus arising from changes in fair value is recognised in the revaluation reserve. If the investment property has a deficit aggregate valuation this is recognised in the profit & loss.
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 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.
Fair value at 1 April 2024
4,782,539
At 31 March 2025
4,782,539
The revaluation reserve reflects the uplift in value for flats 1-7 Hallmark House. The director has confirmed the market values for the investment properties are not materially different to the current net book values and so have not been revalued in the year.
Lance Robinson Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Investments
Subsidiary undertakings
Valuation at 1 April 2024
200
Valuation at 31 March 2025
200
Amounts falling due within one year
Amounts due from group undertakings etc.
385
385
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
14,220
29,812
Taxes and social security
21,851
1,500
Other creditors
10,620
10,305
Loans from directors
481,150
610,294
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,127,522
2,127,522
This represents two mortgages on investment properties held, both mortgages are interest only.
Allotted, called up and fully paid:
1,100 Ordinary shares of £1 each
1,100
1,100
9
Transactions with related parties
Included in debtors is £385 (2024 - £385) owed from Lance Robinson Engineering and Development Limited. This company is a subsidiary and is controlled by the director. Management fees of £75,000 (2024 - £nil) were charged to this company and were fully received in the year.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).