Langly Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04923280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

LANGLY DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

P H Gamon

M H Gamon

G F Gamon

Miss C T Gamon

A M Gamon

Mrs L V Mooney

REGISTERED OFFICE:

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

REGISTERED NUMBER:

04923280 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

FIXED ASSETS

Investments

4

1,896,927

85,318

CURRENT ASSETS

Debtors

-

86,538

Cash at bank

200,692

1,103

200,692

87,641

CREDITORS

Amounts falling due within one year

120,901

6,708

NET CURRENT ASSETS

79,791

80,933

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,976,718

166,251

PROVISIONS FOR LIABILITIES

452,888

-

NET ASSETS

1,523,830

166,251

CAPITAL AND RESERVES

Called up share capital

5

1,000

Share premium

199,000

Revaluation reserve

6

1,358,721

-

Retained earnings

(34,891

)

(33,749

)

SHAREHOLDERS' FUNDS

1,523,830

166,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2025 and were signed on its behalf by:

P H Gamon - Director

1.	STATUTORY INFORMATION

Langly Developments 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.

Joint ventures

Investments in subsidiaries, associates and joint ventures are recognised at cost less impairment as per FRS102 section 9. Impairments are calculated in accordance with section 27 of FRS102 with impairments recognised when the recoverable amount of the investment decreases below initial cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 May 2024

490

Revaluations

1,811,609

At 30 April 2025

1,812,099

NET BOOK VALUE

At 30 April 2025

1,812,099

At 30 April 2024

490

Cost or valuation at 30 April 2025 is represented by:

Totals

£

Valuation in 2025

1,811,609

Cost

490

1,812,099

Information on loans is as follows:

Totals

£

At 1 May 2024

and 30 April 2025

84,828

The investment in Thorpe Bay Estate Company Limited and its subsidiary company Thorpe Estate Limited, represent a share of the freehold land of Thorpe Hall Golf Club, 225 acres of strategic land at Bournes Green & 119 residential properties let on long leases.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

-

500

"A" Ordinary

£1

500

"B" Ordinary

£1

500

1,000

6.

RESERVES

Revaluation

reserve

£

Fair value transfer

1,811,609

Deferred tax

(452,888

)

At 30 April 2025

1,358,721

7.	POST BALANCE SHEET EVENTS

Since the year end, Langly Developments Limited has invested a further £650,000 in Thorpe Bay Estate Company Limited to fund a planning application at Bournes Green for 2,000 homes together with ancillary uses.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Langly Developments Limited for the year ended 30 April 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Langly Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Langly Developments Limited and state those matters that we have agreed to state to the Board of Directors of Langly Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Langly Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Langly Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Langly Developments Limited. You consider that Langly Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Langly Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

22 December 2025