LADYSMITH ESTATES LTD


Director	FLANAGAN, Damian James, Dr


Registered Address	9 Crossway
	Manchester
	M20 6TU


Registered Number	12129403 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		2,888,215		2,888,215
			2,888,215		2,888,215
Current assets
Debtors	4	5,679		5,339
Cash at bank and on hand		21,753		37,617
		27,432		42,956
Creditors amounts falling due within one year	5	(477,329)		(438,355)
Net current assets (liabilities)			(449,897)		(395,399)
Total assets less current liabilities			2,438,318		2,492,816
Creditors amounts falling due after one year	6		(2,759,818)		(2,844,297)
Net assets			(321,500)		(351,481)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(321,600)		(351,581)
Shareholders' funds			(321,500)		(351,481)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 December 2025, and are signed on its behalf by:

FLANAGAN, Damian James, Dr
Director
Registered Company No. 12129403

LADYSMITH ESTATES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investment property
	There has been no revaluation of investment property by an independent valuer.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property


		£
	Fair value at 01 April 24	2,888,215
	At 31 March 25	2,888,215

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	5,679	5,339
Total	5,679	5,339

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	25,452	23,758
Bank borrowings and overdrafts	76,471	68,462
Other creditors	332,986	300,830
Accrued liabilities and deferred income	42,420	45,305
Total	477,329	438,355


	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.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,759,818	2,844,297
Total	2,759,818	2,844,297