Liscombe Business Park Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04612362

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		269,570		104,193
Investment Properties	5		7,234,227		7,202,625

			7,503,797		7,306,818
CURRENT ASSETS
Stocks		-		12,065
Debtors	6	1,638,522		1,755,644
Cash at bank and in hand		91,053		113,341

		1,729,575		1,881,050
Creditors: Amounts Falling Due Within One Year	7	(796,661 )		(785,974 )

NET CURRENT ASSETS (LIABILITIES)			932,914		1,095,076

TOTAL ASSETS LESS CURRENT LIABILITIES			8,436,711		8,401,894

Creditors: Amounts Falling Due After More Than One Year	8		(3,600,000 )		(3,600,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(56,616 )		(56,616 )

NET ASSETS			4,780,095		4,745,278

CAPITAL AND RESERVES
Called up share capital	9		1,312,850		1,312,850
Share premium account			12,136		12,136
Revaluation reserve	10		2,577,996		2,577,996
Profit and Loss Account			877,113		842,296

SHAREHOLDERS' FUNDS			4,780,095		4,745,278

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Liscombe Business Park Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Williams

Director

22/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Liscombe Business Park Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04612362 . The registered office is 1, Lonsdale Gardens, Tunbridge Wells, Kent, TN1 1NU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Property, plant and equipment include investment propeties valued on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant & Machinery	Various rates; between 3 and 10 years
Motor Vehicles	n/a
Fixtures & Fittings	Various rates; between 3 and 10 years
Computer Equipment	n/a

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

At each statement of financial position date, the company reviews the carrying amount of its property, plant and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents received and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account and are not taxable.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company has elected to apply the procision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilites are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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Liscombe Business Park Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	54,437	228,786	283,223
Additions	189,995	-	189,995

As at 31 March 2025	244,432	228,786	473,218

Depreciation
As at 1 April 2024	54,437	124,593	179,030
Provided during the period	6,966	17,652	24,618

As at 31 March 2025	61,403	142,245	203,648

Net Book Value
As at 31 March 2025	183,029	86,541	269,570

As at 1 April 2024	-	104,193	104,193

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	7,202,625
Additions	31,602

As at 31 March 2025	7,234,227

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,877	86,043
Prepayments and accrued income	16,828	289,054
Other debtors	1,586,547	1,380,547
VAT	12,270	-

	1,638,522	1,755,644

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Liscombe Business Park Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	120,074	132,496
Other loans	107,868	-
Other taxes and social security	174	304
VAT	-	23,428
Other creditors	526,795	542,769
Accruals and deferred income	41,750	86,977

	796,661	785,974

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,600,000	3,600,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,312,850	1,312,850

10. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	2,577,996

As at 31 March 2025	2,577,996

This reserve represents the revaluation of the investment properties. No deferred tax provison has been made as the directors consider it unlikely that the charge will crystalise in the foreseeable future.

Under FRS 102, the revaluation gains now go through the the income statement. Under company law, revaluation gains are not realised profits to be distributed. Therefore, a transfer has been made to the revaluation reserve and this reserve is maintained separately as a non-distributable reserve to facilitate this.

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