REGISTERED NUMBER: 13399645 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

L & R Domestic Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E L King

A M King

REGISTERED OFFICE:

2 Spinnaker View

Havant

PO9 3JD

REGISTERED NUMBER:

13399645 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Investment property

4

350,000

245,000

CURRENT ASSETS

Cash at bank

5,258

2,155

CREDITORS

Amounts falling due within one year

5

6,445

5,190

NET CURRENT LIABILITIES

(1,187

)

(3,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

348,813

241,965

CREDITORS

Amounts falling due after more than one year

6

(247,404

)

(251,390

)

PROVISIONS FOR LIABILITIES

(19,249

)

-

NET ASSETS/(LIABILITIES)

82,160

(9,425

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

82,060

(9,525

)

82,160

(9,425

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

A M King - Director

Mrs E L King - Director

1.	STATUTORY INFORMATION

L & R Domestic Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

245,000

Revaluations

105,000

At 31 May 2025

350,000

NET BOOK VALUE

At 31 May 2025

350,000

At 31 May 2024

245,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2025

105,000

Cost

245,000

350,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.5.25

31.5.24

£

£

Cost

245,000

245,000

Aggregate depreciation

(19,600

)

(14,700

)

The investment property was valued on an open market basis on 31 May 2025 by Mrs E L King .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

3,986

3,930

Other creditors

2,459

1,260

6,445

5,190

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

167,404

171,390

Other creditors

80,000

80,000

247,404

251,390

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

149,944

154,554

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Mortgage

171,390

175,320

The Mortgage Works (UK) PLC registered a charge created 29/09/2021 over the property at 17 Havant Farm Close, Havant, Hampshire, PO9 2DH, title number HP43430.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party