Company No: 15565790 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	W W Langley (Appointed 15 March 2024)
	M M Langley (Appointed 15 March 2024, Resigned 25 April 2024)
	S A Langley (Appointed 15 March 2024, Resigned 25 April 2024)
	M C Teasdale (Appointed 15 March 2024, Resigned 25 April 2024)

REGISTERED OFFICE	The Coach House Southwood Farm
	Buckhurst Road
	Westerham
	TN16 2HR
	United Kingdom

COMPANY NUMBER

15565790 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	31.03.25
		£
Fixed assets
Tangible assets	4	54,941
Investment property	5	6,175,000
		6,229,941
Current assets
Debtors	6	343,207
Cash at bank and in hand		442,658
		785,865
Creditors: amounts falling due within one year	7	( 1,857,296)
Net current liabilities		(1,071,431)
Total assets less current liabilities		5,158,510
Net assets		5,158,510
Capital and reserves
Called-up share capital	9	1
Profit and loss account		5,158,509
Total shareholder's funds		5,158,510

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Langscope Limited (registered number: 15565790) were approved and authorised for issue by the Director on 30 December 2025. They were signed on its behalf by:

W W Langley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Langscope Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Coach House Southwood Farm, Buckhurst Road, Westerham, TN16 2HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Langscope Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Reporting period length

This is the Company's first year of preparing the financial statements, the reporting period length is 13 months.

Turnover

Turnover comprises rent received for the period the property was let. Revenue is recognised on an accruals basis.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In determining the value of the properties held by the Company, the directors consider all relevant available information, including but not limited to relevant valuation indices for properties of a similar type in the locations in which the properties are held. The directors will use their judgements in selecting and applying the indices as well as their experience within the industry to determine a suitable valuation for the revaluation of the properties within the year.

3. Employees

	Period from 15.03.24 to 31.03.25
	Number
Monthly average number of persons employed by the Company during the period, including the director	2

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 15 March 2024	0		0		0
Additions	14,615		63,626		78,241
Disposals	0		( 14,500)		( 14,500)
At 31 March 2025	14,615		49,126		63,741
Accumulated depreciation
At 15 March 2024	0		0		0
Charge for the financial period	2,040		7,968		10,008
Disposals	0		( 1,208)		( 1,208)
At 31 March 2025	2,040		6,760		8,800
Net book value
At 31 March 2025	12,575		42,366		54,941

5. Investment property

	Investment property
	£
Valuation
As at 15 March 2024	0
Additions	6,875,000
Disposals	(700,000)
As at 31 March 2025	6,175,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

6. Debtors

	31.03.25
	£
Trade debtors	1,175
Amounts owed by Group undertakings	328,214
Amounts owed by Parent undertakings	1
Other debtors	13,817
	343,207

7. Creditors: amounts falling due within one year

	31.03.25
	£
Trade creditors	773
Other taxation and social security	3,586
Other creditors	1,852,937
	1,857,296

8. Deferred tax

	31.03.25
	£
At the beginning of financial period	0
Amounts written back	( 1,817,149)
At the end of financial period	( 1,817,149)

9. Called-up share capital

	31.03.25
	£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1

10. Related party transactions

At the period end, £191,000 is receivable from Langley Property Co . (Mitcham) Limited. This amount is unsecured and interest free.

During the period. dividends in specie totalling £5,072,763 were received from Langley Property Co. (Mitcham) Limited, as part of the group demerger on 25 April 2024.

As part of this demerger, 52% of the investment properties held by Langley Property Co. (Mitcham) Limited, were transferred to the Company.

During the period 100% of the shares of Langley Property Co. (Mitcham) Limited were transferred to the Company, and subsequently transferred to Mosach Property Limited.

During the period 100% of the shares of the Company were transferred from Mosach Property Limited to Warren Property Company (Westerham) Limited.

11. Ultimate controlling party

Parent Company:

Warren Property Company (Westerham) Limited

The Coach House Southwood Farm, Buckhurst Road, Westerham, England, TN16 2HR