REGISTERED NUMBER: 02672606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LAMBA PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Lamba

R L Lamba

SECRETARY:

Mrs R Lamba

REGISTERED OFFICE:

3 Park Square

Leeds

LS1 2NE

REGISTERED NUMBER:

02672606 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Investment property

4

810,207

810,207

CURRENT ASSETS

Debtors

5

2,570,059

2,524,843

Cash at bank

361,261

282,857

2,931,320

2,807,700

CREDITORS

Amounts falling due within one year

6

26,757

44,362

NET CURRENT ASSETS

2,904,563

2,763,338

TOTAL ASSETS LESS CURRENT LIABILITIES

3,714,770

3,573,545

CREDITORS

Amounts falling due after more than one year

7

70,000

-

NET ASSETS

3,644,770

3,573,545

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

4,536

4,536

Retained earnings

3,640,134

3,568,909

SHAREHOLDERS' FUNDS

3,644,770

3,573,545

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mrs R Lamba - Director

1.	STATUTORY INFORMATION

Lamba Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

Turnover

Turnover represents the amount of property income receivable in the year.

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.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

Any deferred tax arising on adjustment to the fair value of the investment property will be recognised in the fair value reserve.

Rents receivable

Rents receivable represents the net rents receivable in the period.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

810,207

NET BOOK VALUE

At 31 March 2025

810,207

At 31 March 2024

810,207

Fair value at 31 March 2025 is represented by:

£

Valuation in 2012

4,536

Cost

805,671

810,207

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

2025

2024

£

£

Cost

805,671

805,671

A review of the fair value of the investment property was undertaken at the year end by the directors. It was deemed the fair value was equivalent to the value of the property in the accounts.

It is estimated that if the investment property was sold at the value shown then there would be no taxation liability at the current rates of tax.

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

154

-

Directors' current accounts

69,619

4,586

Prepayments and accrued income

29,665

26,035

99,438

30,621

Amounts falling due after more than one year:

Amount due from related

parties

2,470,621

2,494,222

2,470,621

2,494,222

Aggregate amounts

2,570,059

2,524,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1

Corporation tax

23,907

40,280

Accruals and deferred income

2,850

4,081

26,757

44,362

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

70,000

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R L Lamba

Balance outstanding at start of year

4,587

16,263

Amounts advanced

71,600

42,402

Amounts repaid

(6,568

)

(54,078

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

69,619

4,587

9.	RELATED PARTY DISCLOSURES

Ardl Real Estate Ltd and Lamba LR Properties Ltd are related to the company by virtue of common control.

Included in debtors is an amount loaned to Ardl Real Estate Ltd to acquire an investment property. At 31 March 2025, the amount owed was £1,238,177 (2024 £1,217,406). Interest is charged on the amount outstanding at the Bank of England Base Rate plus 0.25%.

Included in debtors is an amount loaned to Lamba LR Properties Ltd to acquire an investment property. At 31 March 2025, the amount owed was £1,122,444 (2024: £1,166,815). Interest is charged on the amount outstanding at the Bank of England Base Rate plus 0.25%.

Radhika Lamba is an immediate family member of the directors.

Included in debtors at 31 March 2025 is an amount loaned to Radhika Lamba of £110,000 (2024: £110,000). Interest is charged on the loan at 3.3%.

At 31 March 2025, the directors owed the company £69,619 (2024: £4,587). This amount was repaid in full within nine months.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R L Lamba.