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Registered number: 11165674
Littlewick Property Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Littlewick Property Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
Jack Steer
Miranda Steer
SECRETARY
Nicola Claydon
REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11165674
BANKERS
Barclays Bank, Leicester, Leicestershire, LE87 2BB
Littlewick Property Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Littlewick Property Limited
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets3503672
Investment Assets4146146
649818
CURRENT ASSETS
Stock-5,688
Debtors6108,79221,283
Cash at bank and in hand35,85541,666
144,64768,637
CREDITORS: Amounts falling due within one year79,72825,856
NET CURRENT ASSETS134,91942,781
TOTAL ASSETS LESS CURRENT LIABILITIES135,56843,599
PROVISIONS FOR LIABILITIES AND CHARGES8126168
NET ASSETS135,44243,431
CAPITAL AND RESERVES
Called up share capital92,5002,500
Profit and loss account132,94240,931
SHAREHOLDERS' FUNDS135,44243,431
For the year ending 31 March 2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29 December 2025 and signed on their behalf by
.............................
Jack Steer
Director
Littlewick Property Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20252024
No.No.
Average number of employees22
Littlewick Property Limited
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 April 20242,6142,614
At 31 March 20252,6142,614
Depreciation
At 1 April 20241,9421,942
For the year169169
At 31 March 20252,1112,111
Net Book Amounts
At 31 March 2025503503
At 31 March 2024672672
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 April 2024146146
At 31 March 2025146146
Amortisation
Net Book Amounts
At 31 March 2025146146
At 31 March 2024146146
The company holds shares in the following SPV's:- Orwell RE Richmond Limited - 80% shareholding, Orwell Real Estate Limited - 50% shareholding, BMS Somerset One Limited - 15% shareholding. The company also holds 33.33% of the issued share capital of BMS Management Limited.
In accordance with the provisions of the Companies Act 2006 the directors of the company have decided not to prepare consolidated accounts on the basis that the group is small. Therefore, the accounts show information about the company as an individual entity.
5. STOCK 20252024
££
Stock comprises:
Stock-5,688
-5,688
Littlewick Property Limited
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors70,000-
VAT16897
Other debtors6,0972,804
Amounts due from group companies32,52717,598
Prepayments-784
108,79221,283
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Directors current account1,343598
Directors current account1,0581,058
Loans7,00024,200
Trade creditors327-
9,72825,856
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation126168
126168
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1000 A Ordinary shares of £1 each10001000
500 B Ordinary shares of £1 each500500
250 C Ordinary shares of £1 each250250
750 D Ordinary shares of £1 each750750
2,5002,500
Littlewick Property Limited
10. RELATED PARTY TRANSACTIONS
At the balance sheet date Mr JE Steer, a director, was owed £1,344 (2024: £598) by the company. This loan is interest free, unsecured and there are no fixed repayment terms.
At the balance sheet date Mrs MC Steer, a director, was owed £1,058 (2024: £1,058) by the company. This loan is interest free, unsecured and there are no fixed repayment terms.
During the year dividends were received from Orwell Real Estate Limited, which is owned 50% by the company, of £92,500 (2024: £169,000) and Orwell RE Richmond Limited an 80% subsidary of £Nil (2024: £104,960).