Laindon Ltd

	Page
Company Information	1
Strategic Report	2
Director's Report	3—4
Independent Auditor's Report	5—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—18

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Laindon Ltd

Strategic Report

For the Period 13 September 2024 to 31 March 2025

Strategic Report

The director presents his strategic report for the period ended 31 March 2025.

Review of the Business

The company commenced operations during the year and focuses on generating revenue through property rentals and management fees. In its first year, the business achieved growth supported by the transfer of properties from Laindon Trading LLP, establishing a strong foundation for future expansion. The company currently manages a portfolio of properties across the Southeast, ensuring efficient utilisation and maximizing returns.

The directors consider turnover and gross profit margin as the primary KPIs for assessing performance. For the year ended, profit before tax was £191,142, reflecting a positive start for the business. Operational KPIs include turnover and profit before tax, which are closely monitored to ensure efficiency and profitability.

The headline key performance indicators (KPI's) that the directors monitor with regard to financial performance are as follows:

	2025
	£
Turnover	4,870,877
Profit before tax	191,142
Prefit before tax margin	3.9%

Principal Risks and Uncertainties

The business's principal risks and uncertainties are primarily economic and financial in nature.

Property Valuation Risk

The properties are held at cost and the valuation is taken into consideration during impairment reviews. As a result, the external property investment market can affect the valuation of the properties held by the Company and adverse future conditions can result in impairment in the carrying value of assets.

In order to mitigate the risk, the Company remains aware of trends in the market and the Company responds to changes as they arise.

Economic Risk

Economic risks arise from potential downturns in the economy, which may lead to reduced demand in both the new build and improvements marketplace, impacting the company's operations. To mitigate these risks, regular reviews of the company's performance are undertaken against set targets, and appropriate actions are taken to align with the prevailing economic

climate.

Financial Risk

Financial risk mainly centres on credit risk associated with trade debtors. The company takes measures to mitigate this risk by conducting credit checks, regularly reviewing credit limits, and engaging debt collection specialists when necessary.

Liquidity Risk

Liquidity risk is the risk that cash may not be available to pay obligations when they fall due. The director is satisfied that the Company is not subject to significant liquidity risk.

Future Developments

Post Balance Sheet Events

On 1 October 2025, all investment properties were transferred to Laindon Properties Limited, a newly incorporated company within the Group.

On behalf of the board

Mr Graham Toomey

Director

17/12/2025

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Laindon Ltd

Company No. 15954962

Director's Report For the Period 13 September 2024 to 31 March 2025

Director's Report

The director presents his report and the financial statements for the period ended 31 March 2025.

Principal Activity

The company's principal activity continued to be provision of management services.

Dividends

No dividends were declared for the period ended 31 March 25.

Financial Instruments

The business is measured against a range of KPIs, financial and non-financial. The financial KPIs indicate the company's overall performance, while non-financial KPIs allow the senior management team to understand the drivers of overall performance. In terms of the leading financial KPIs, there are three:

1. Revenue growth: This measures revenue performance and is monitored against agreed budgets and targets. Each of these KPIs is measured on a total company basis and for all key customers. There are also other KPIs that support the main KPIs used by the business. The main KPIs are shared throughout the business, and the relevant departments also have access to all KPIs relating to their area of responsibility.

2. Net profitability: This measures the company's performance in terms of profitability and is calculated as net profit as a percentage of sales revenue. In 2025, net profitability was 1.2%.

The main KPIs are shared throughout the business, and the relevant departments also have access to all KPIs relating to their area of responsibility.

Directors

The director who held office during the period were as follows:
Mr Graham Toomey (Appointed 13 September 2024)

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Laindon Ltd

Director's Report (continued)

For the Period 13 September 2024 to 31 March 2025

Independent Auditors

The auditors, Desaur LLP have indicated their willingness to act as the company’s auditors, and a resolution to appoint them will be proposed at the Annual General Meeting.

On behalf of the board

Mr Graham Toomey

Director

17/12/2025

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Independent Auditor's Report

to the Members of

Laindon Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Laindon Ltd for the period ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Laindon Ltd

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 3—4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including,

but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement

disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the

audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and

transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key

audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management

override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors

that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jaswinder Singh Vasir (Senior Statutory Auditor)

for and on behalf of Desaur LLP , Statutory Auditor

17/12/2025

Desaur LLP

5 Margaret Road

Romford

Essex

RM2 5SH

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Laindon Ltd

Profit and Loss Account

For the Period 13 September 2024 to 31 March 2025

Profit and Loss Account

		31 March 2025
	Notes	£
TURNOVER		4,870,877

GROSS PROFIT		4,870,877

Administrative expenses		(4,891,204 )

OPERATING LOSS	4	(20,327 )
Other interest receivable and similar income	8	303,918

PROFIT BEFORE TAXATION		283,591
Tax on Profit	9	(151,963 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD		131,628

The notes on pages 11 to 18 form part of these financial statements.

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Laindon Ltd

Statement of Comprehensive Income

For the Period 13 September 2024 to 31 March 2025

Statement of Comprehensive Income

		31 March 2025
		£
PROFIT FOR THE FINANCIAL PERIOD		131,628
OTHER COMPREHENSIVE INCOME FOR THE PERIOD		-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		131,628

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Laindon Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

		31 March 2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	10		950,000
Tangible Assets	11		33,233,714
Investment Properties	12		9,350,000

			43,533,714
CURRENT ASSETS
Debtors	13	10,519,564
Cash at bank and in hand		147,940

		10,667,504
Creditors: Amounts Falling Due Within One Year	14	(2,499,949 )

NET CURRENT ASSETS (LIABILITIES)			8,167,555

TOTAL ASSETS LESS CURRENT LIABILITIES			51,701,269

Creditors: Amounts Falling Due After More Than One Year	15		(41,569,541 )

NET ASSETS			10,131,728

CAPITAL AND RESERVES
Called up share capital	17		10,000,100
Profit and Loss Account			131,628

SHAREHOLDERS' FUNDS			10,131,728

On behalf of the board

Mr Graham Toomey

Director

17/12/2025

The notes on pages 11 to 18 form part of these financial statements.

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Laindon Ltd

Statement of Changes in Equity

For the Period 13 September 2024 to 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 13 September 2024	-	-	-
Profit for the period and total comprehensive income	-	131,628	131,628

Arising on shares issued during the period	10,000,100	-	10,000,100

As at 31 March 2025	10,000,100	131,628	10,131,728

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Laindon Ltd

Notes to the Financial Statements

For the Period 13 September 2024 to 31 March 2025

Notes to the Financial Statements

1. General Information

Laindon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15954962 . The registered office is Courtauld House, Courtauld Road, Basildon, Essex, SS13 1RZ.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30.

3.3. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

3.4. Significant judgements and estimations

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period.

3.5. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.6. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.7. 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:

Freehold

Over 50 years

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

3.8. 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.

3.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.10. Financial Instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

3.11. 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.12. Provisions and Contingencies

Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

Contingencies

Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.

3.13. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.14. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

3.15. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

4. Operating Loss

The operating loss is stated after charging:

	31 March 2025
	£
Depreciation of tangible fixed assets	274,261
Amortisation of intangible fixed assets	50,000

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the period was as follows:

	31 March 2025
	£
Audit Services
Audit of the company's financial statements	5,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 March 2025
	£
Wages and salaries	3,849,123
Social security costs	409,571
Other pension costs	79,637

	4,338,331

7. Average Number of Employees

Average number of employees, including directors, during the period was as follows:

	31 March 2025
Office and administration	21
Sales, marketing and distribution	173

	194

8. Interest Receivable and Similar Income

	31 March 2025
	£
Other interest receivable	303,918

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

9. Tax on Profit

	Tax Rate	31 March 2025
The tax charge on the profit for the period was as follows:
	31 March 2025	£
Current tax
UK Corporation Tax	25.0%	151,963


Total tax charge for the period		151,963


The actual charge for the period can be reconciled to the expected charge for the period based on the profit and the standard rate of corporation tax as follows:
		31 March 2025
		£
Profit before tax		283,591

Tax on profit at 25% (UK standard rate)		70,898
Goodwill/depreciation not allowed for tax		81,065

Total tax charge for the period		151,963

10. Intangible Assets

	Goodwill
	£
Cost
As at 13 September 2024	-
Additions	1,000,000

As at 31 March 2025	1,000,000

Amortisation
As at 13 September 2024	-
Provided during the period	50,000

As at 31 March 2025	50,000

Net Book Value
As at 31 March 2025	950,000

As at 13 September 2024	-

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

11. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 13 September 2024	-
Additions	33,507,975

As at 31 March 2025	33,507,975

Depreciation
As at 13 September 2024	-
Provided during the period	274,261

As at 31 March 2025	274,261

Net Book Value
As at 31 March 2025	33,233,714

As at 13 September 2024	-

12. Investment Property

	31 March 2025
	£
Fair Value
As at 13 September 2024	-
Additions	9,350,000

As at 31 March 2025	9,350,000

13. Debtors

	31 March 2025
	£
Due within one year
Trade debtors	423,383
Other debtors	10,096,181

	10,519,564

14. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	62,056
Other creditors	1,670,324
Taxation and social security	685,221
Accruals and deferred income	82,348

	2,499,949

Included in other creditors is £1.5m loan to director.

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Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

15. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025
	£
Other loans	10,000,000
Other creditors	31,569,541

	41,569,541

Included in other creditors is £31m due to the parent company.

16. Loans

An analysis of the maturity of loans is given below:

	31 March 2025
	£
Amounts falling due between one and five years:
Other loans	10,000,000

17. Share Capital

	31 March 2025
Allotted, called up and fully paid	£
100 Ordinary Shares of £ 1.00 each	100

Preference Shares

	31 March 2025
Allotted, called up and fully paid	£
10,000,000 Reedemable Preference Shares of £ 1.00 each	10,000,000


Shares issued during the period:	£
100 Ordinary Shares of £ 1.00 each	100
10,000,000 Reedemable Preference Shares of £ 1.00 each	10,000,000

	10,000,100

18. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the period the charge to the profit and loss account in respect of defined contribution schemes was £79,637.

At the balance sheet date contributions of £32,778 were due to the fund and are included in creditors.

19. Post Balance Sheet Events

On 1 October 2025, all investment properties were transferred to Laindon Properties Limited, a newly incorporated company within the Group.

Page 17

Page 18

Laindon Ltd

Notes to the Financial Statements (continued)

For the Period 13 September 2024 to 31 March 2025

20. Related Party Disclosures

The Company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Transactions with the related parties are as follows:

	2025
	£
Sales to Group Companies	793,185
Amounts due from Group Companies	247,950
Amounts due from connected companies	9,181,581

21. Controlling Parties

The company's immediate parent undertaking is PGR Enterprises Ltd .

Copies of the group accounts may be obtained from the company's registered office. Its registered office is Courtauld House, Courtauld Road, Basildon, Essex, England, SS13 1RZ .

Page 18

Director	Mr Graham Toomey

Company Number	15954962

Registered Office	Courtauld House
	Courtauld Road
	Basildon
	Essex
	SS13 1RZ

Accountants	Redwin Sibley Limited

Auditors	Desaur LLP
	5 Margaret Road
	Romford
	Essex
	RM2 5SH