REGISTERED NUMBER: SC520043 (Scotland)

Financial Statements For The Year Ended 31 March 2025

for

LBP Offices Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Logan

A G Logan

SECRETARY:

A G Logan

REGISTERED OFFICE:

6th Floor

7 Buchanan Street

GLASGOW

G1 3HL

REGISTERED NUMBER:

SC520043 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

1,383,949

1,385,265

CURRENT ASSETS

Debtors

617,883

661,274

Cash at bank and in hand

2,003

9,597

619,886

670,871

CREDITORS

Amounts falling due within one year

596,293

463,201

NET CURRENT ASSETS

23,593

207,670

TOTAL ASSETS LESS CURRENT LIABILITIES

1,407,542

1,592,935

CREDITORS

Amounts falling due after more than one year

(417,878

)

(592,280

)

PROVISIONS FOR LIABILITIES

(278,183

)

(256,575

)

NET ASSETS

711,481

744,080

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

681,070

702,904

Retained earnings

30,409

41,174

SHAREHOLDERS' FUNDS

711,481

744,080

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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

P J Logan - Director

1.	STATUTORY INFORMATION

LBP Offices Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Computer equipment

-

33% straight line

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the Statement of Comprehensive Income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of 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 positionstatement of financial position date.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease.

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 the Statement of Comprehensive Income in the period to which they relate.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,417,990

DEPRECIATION

At 1 April 2024

32,725

Charge for year

1,316

At 31 March 2025

34,041

NET BOOK VALUE

At 31 March 2025

1,383,949

At 31 March 2024

1,385,265

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2019

778,267

Valuation in 2022

180,000

Cost

459,723

1,417,990

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

425,292

567,445

Ortus Secured Finance I Limited hold security over the company's investment property.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

P J Logan

Balance outstanding at start of year

603

(207

)

Amounts advanced

44,360

70,810

Amounts repaid

(45,000

)

(70,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(37

)

603

A G Logan

Balance outstanding at start of year

(1,694

)

(3,558

)

Amounts advanced

46,975

71,864

Amounts repaid

(45,000

)

(70,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

281

(1,694

)