Unaudited Financial Statements for the Year Ended 31st March 2025

for

Lothbury Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Westmore

W P Westmore

SECRETARY:

S J Westmore

REGISTERED OFFICE:

111a Station Road

West Wickham

Kent

BR4 0PX

REGISTERED NUMBER:

00327097 (England and Wales)

ACCOUNTANTS:

Daniels & Co (Accountants) Limited

Chartered Accountants

111a Station Road

West Wickham

Kent

BR4 0PX

BANKERS:

National Westminster Bank PLC

Charing Cross Branch

Cavell House

2a Charing Cross Road

London

WC2H 0PD

SOLICITORS:

Protopapas LLP

Queens House

180 Tottenham Court Road

London

W1T 7PD

FIXED ASSETS

Investment property

4

3,254,541

3,147,278

CURRENT ASSETS

Debtors

5

60,087

80,680

Cash at bank

433,353

186,677

493,440

267,357

CREDITORS

Amounts falling due within one year

6

118,647

123,552

NET CURRENT ASSETS

374,793

143,805

TOTAL ASSETS LESS CURRENT LIABILITIES

3,629,334

3,291,083

CREDITORS

Amounts falling due after more than one year

7

-

(103,028

)

PROVISIONS FOR LIABILITIES

(211,262

)

(142,537

)

NET ASSETS

3,418,072

3,045,518

CAPITAL AND RESERVES

Called up share capital

29,060

29,060

Retained earnings

9

3,389,012

3,016,458

SHAREHOLDERS' FUNDS

3,418,072

3,045,518

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 3rd December 2025 and were signed on its behalf by:

S J Westmore - Director

1.	STATUTORY INFORMATION

Lothbury Estates 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.

Turnover

Turnover represents the total rental income receivable during the year derived from assets let under operating leases. Income is recognised on a straight line basis of the lease term.

Where incentives, such as rent free periods, or periods of reduced rent, are given to tenants, the cost of these incentives will be spread over the lease term on a straight line basis.

Investment property

FRS 102 states that investment properties will be measured at fair value at each reporting date. Changes in fair value will be recognised in the Income Statement.

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.

Deferred tax is now recognised on all timing differences, including those arising on revaluation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

3,147,278

Disposals

(410,000

)

Revaluations

517,263

At 31st March 2025

3,254,541

NET BOOK VALUE

At 31st March 2025

3,254,541

At 31st March 2024

3,147,278

Fair value at 31st March 2025 is represented by:

£

Valuation in 2025

3,254,541

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,393,156

1,557,280

Investment property portfolio was valued on an open market basis on 31st March 2025 by the board of directors .

Taxation

A provision for corporation tax has been made for capital gains tax that would become payable if the company disposed of its investment properties at the valuation shown in these financial statements. If the properties were disposed of at these values then the maximum potential liability is estimated to be £211,262 (2024: £142,537).

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

46,513

50,476

Other debtors

5,250

20,280

51,763

70,756

Amounts falling due after more than one year:

Other debtors

8,324

9,924

Aggregate amounts

60,087

80,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

13,336

Trade creditors

-

18,680

Taxation and social security

62,421

35,882

Other creditors

56,226

55,654

118,647

123,552

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

103,028

Amounts falling due in more than five years:

Repayable by instalments

By instalments after 5 years

-

43,204

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

116,364

The bank borrowing is secured by a fixed charge against one of the company's freehold investment properties.

9.

RESERVES

Retained earnings represent a combination of "realised" profits and "unrealised" profits. Dividend distributions are only permitted from realised retained earnings. The analysis of retained earnings between "realised" and "unrealised" is considered to be as follows:

2025

2024

£

£

Realised earnings

1,713,536

1,544,520

Unrealised earnings

1,675,476

1,471,938

3,389,012

3,016,458

10.	RELATED PARTY DISCLOSURES