REGISTERED NUMBER: 00341209 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

L.W. VASS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T J Demaine

Miss T J E Demaine

REGISTERED OFFICE:

Station Road

Ampthill

Bedfordshire

MK45 2R

REGISTERED NUMBER:

00341209 (England and Wales)

ACCOUNTANTS:

PGA Accountancy & Taxation Services

Hollington House

Flitton Hill

Maulden

Bedfordshire

MK452BE

FIXED ASSETS

Tangible assets

4

4,561,000

4,576,392

CURRENT ASSETS

Stocks

5

90,984

90,734

Debtors

6

281,755

333,032

Cash at bank and in hand

636,449

309,505

1,009,188

733,271

CREDITORS

Amounts falling due within one year

7

286,880

239,862

NET CURRENT ASSETS

722,308

493,409

TOTAL ASSETS LESS CURRENT LIABILITIES

5,283,308

5,069,801

PROVISIONS FOR LIABILITIES

564,865

565,924

NET ASSETS

4,718,443

4,503,877

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Revaluation reserve

9

3,405,960

3,405,960

Retained earnings

1,297,483

1,082,917

SHAREHOLDERS' FUNDS

4,718,443

4,503,877

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:

T J Demaine - Director

1.	STATUTORY INFORMATION

L.w. Vass 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation has been provided for on the Freehold Buildings as the directors are of the opinion that the charge is not material and that the current market value exceeds the value shown in the accounts and that the properties are fully maintained.

INVENTORIES

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

4,500,000

291,747

4,791,747

Additions

-

5,500

5,500

At 31 March 2025

4,500,000

297,247

4,797,247

DEPRECIATION

At 1 April 2024

-

215,355

215,355

Charge for year

-

20,892

20,892

At 31 March 2025

-

236,247

236,247

NET BOOK VALUE

At 31 March 2025

4,500,000

61,000

4,561,000

At 31 March 2024

4,500,000

76,392

4,576,392

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1995

1,296,333

-

1,296,333

Valuation in 2014

2,672,182

-

2,672,182

Cost

531,485

297,247

828,732

4,500,000

297,247

4,797,247

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

531,485

531,485

Value of land in freehold land and buildings

531,485

531,485

Freehold land and buildings were valued on an open market basis on 12 November 2014 by Brown & Lee Chartered Surveyors .

5.

STOCKS

31.3.25

31.3.24

£

£

Finished goods

90,984

90,734

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

198,977

157,119

Amounts owed by group undertakings

58,275

98,275

Other debtors

24,503

77,638

281,755

333,032

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

8,623

46,607

Taxation and social security

90,123

41,645

Other creditors

188,134

151,610

286,880

239,862

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

3,405,960

10.	RELATED PARTY DISCLOSURES

The director, Mr T Demaine is a director and shareholder of LW Vass Holdings Ltd. During the year the company had transactions with LW Vass Holdings Ltd of £300,000(2024 £300,000) for property management charges. At 31st March 2025 LW Vass Holdings Ltd owed the company £58,275

. ( £94,275 at 31 March 2024).

The controlling party is T J Demaine.