REGISTERED NUMBER: 01584420 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LYPIATT DESIGNS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D S Chadwick

J A Chadwick

REGISTERED OFFICE:

Lypiatt Park

Lypiatt

Stroud

GL6 7LL

REGISTERED NUMBER:

01584420 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Intangible assets

4

-

440

Property, plant and equipment

5

30,341

19,006

Investment property

6

759,164

757,091

789,505

776,537

CURRENT ASSETS

Inventories

23,933

22,678

Debtors

7

34,831

54,007

Cash at bank

9,798

15,328

68,562

92,013

CREDITORS

Amounts falling due within one year

8

1,091,317

1,038,829

NET CURRENT LIABILITIES

(1,022,755

)

(946,816

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(233,250

)

(170,279

)

CREDITORS

Amounts falling due after more than one year

9

2,798

13,309

NET LIABILITIES

(236,048

)

(183,588

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(236,050

)

(183,590

)

SHAREHOLDERS' FUNDS

(236,048

)

(183,588

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

D S Chadwick - Director

1.	STATUTORY INFORMATION

Lypiatt Designs 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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis of continued financial support by the director, the financial statements are prepared on a going concern basis.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and 20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

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.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

Cost

At 1 April 2024

and 31 March 2025

10,423

Amortisation

At 1 April 2024

9,983

Amortisation for year

440

At 31 March 2025

10,423

Net book value

At 31 March 2025

-

At 31 March 2024

440

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

90,665

12,981

25,397

9,633

138,676

Additions

-

17,172

-

-

17,172

At 31 March 2025

90,665

30,153

25,397

9,633

155,848

Depreciation

At 1 April 2024

86,547

2,055

25,397

5,671

119,670

Charge for year

1,029

4,214

-

594

5,837

At 31 March 2025

87,576

6,269

25,397

6,265

125,507

Net book value

At 31 March 2025

3,089

23,884

-

3,368

30,341

At 31 March 2024

4,118

10,926

-

3,962

19,006

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

757,091

Additions

2,073

At 31 March 2025

759,164

Net book value

At 31 March 2025

759,164

At 31 March 2024

757,091

The 2025 valuations were made by the directors at the year end.

The historic cost of the investment properties is £759,164 (2024 - £757,091 (as restated)).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

4,382

4,660

Amounts owed by group undertakings

-

20,337

Other debtors

30,449

29,010

34,831

54,007

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

10,263

9,922

Trade creditors

29,413

8,599

Amounts owed to group undertakings

67,350

-

Taxation and social security

2,059

13,009

Other creditors

982,232

1,007,299

1,091,317

1,038,829

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

2,798

13,309