LJW PROPERTY LTD


Directors	Julian Wills
	Laura Wills


Registered Address	Manor House Rectory Lane
	Milton Malsor
	Northampton
	NN7 3AQ


Registered Number	11795821 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		113,826		117,939
Investments	4		7,481,483		7,405,921
			7,595,309		7,523,860
Current assets
Debtors		220		1,986
Cash at bank and on hand		23,705		36,905
		23,925		38,891
Creditors amounts falling due within one year	5	(9,524)		(9,017)
Net current assets (liabilities)			14,401		29,874
Total assets less current liabilities			7,609,710		7,553,734
Creditors amounts falling due after one year	6		(5,568,953)		(5,657,340)
Provisions for liabilities	7		(235,890)		(198,595)
Net assets			1,804,867		1,697,799
Capital and reserves
Called up share capital			110		110
Share premium			1,165,500		1,165,500
Revaluation reserve			702,750		594,000
Profit and loss account			(63,493)		(61,811)
Shareholders' funds			1,804,867		1,697,799

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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

Julian Wills
Director

Laura Wills
Director

Registered Company No. 11795821

LJW PROPERTY LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Statement of compliance

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	4	-
Fixtures and fittings	-	4
Office Equipment	-	3

	Investments
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	127,653	4,136	2,401	134,190
Additions	-	354	380	734
At 31 March 25	127,653	4,490	2,781	134,924
Depreciation and impairment
At 01 April 24	9,714	4,136	2,401	16,251
Charge for year	4,718	44	84	4,846
Other adjustments	1	-	-	1
At 31 March 25	14,433	4,180	2,485	21,098
Net book value
At 31 March 25	113,220	310	296	113,826
At 31 March 24	117,939	-	-	117,939

4.	Fixed asset investments
	Investment properties are valued annually on an open market basis by the directors. The directors have determined that the fluctuations in the property market have not affected the value of the properties as of 31 March 2024. If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included as follows: 2025: £6,524,482 (2024: £6,558,921).

Fixed asset investments

Investment properties are valued annually on an open market basis by the directors. The directors have determined that the fluctuations in the property market have not affected the value of the properties as of 31 March 2024.

If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included as follows: 2025: £6,524,482 (2024: £6,558,921).

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	7,405,921	7,405,921
Additions	335,562	335,562
Revaluations	275,000	275,000
Disposals	(535,000)	(535,000)
At 31 March 25	7,481,483	7,481,483
Net book value
At 31 March 25	7,481,483	7,481,483
At 31 March 24	7,405,921	7,405,921

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,882	6,372
Other creditors	440	-
Accrued liabilities and deferred income	3,202	2,645
Total	9,524	9,017

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,103,903	5,190,993
Other creditors	465,050	466,347
Total	5,568,953	5,657,340

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	235,890	198,595
Total	235,890	198,595

8.	Capital commitments
	Secured debts The following secured debts are included within creditors: 2025: £5,079,327 (2024: £5,160,601)