REGISTERED NUMBER: 12292939 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LLOYD BAKER STEVENAGE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Malhotra

Mr A Malhotra

REGISTERED OFFICE:

Lloyd Baker House Travellers Lane

North Mymms

Hatfield

United Kingdom

AL9 7HF

REGISTERED NUMBER:

12292939 (England and Wales)

SENIOR STATUTORY AUDITOR:

Thurairatnam Sudarshan FCCA

AUDITORS:

Raffingers LLP, Statutory Auditor

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

6,302,629

1,941,333

CURRENT ASSETS

Debtors

20,033

-

Cash at bank

-

257

20,033

257

CREDITORS

Amounts falling due within one year

773,915

672,858

NET CURRENT LIABILITIES

(753,882

)

(672,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,548,747

1,268,732

CREDITORS

Amounts falling due after more than one year

(2,262,800

)

(984,764

)

PROVISIONS FOR LIABILITIES

(716,652

)

-

NET ASSETS

2,569,295

283,968

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

6

2,150,094

-

Retained earnings

419,101

283,868

SHAREHOLDERS' FUNDS

2,569,295

283,968

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 Income Statement and an abridged Balance Sheet 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Mr A Malhotra - Director

1.	STATUTORY INFORMATION

Lloyd Baker Stevenage Ltd is a private company, limited by shares , registered in England and Wales. 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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements 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.

The items in the financial statements where these judgements and estimates have been made include:

- assessing the recoverability of the intercompany balances.

Other key sources of estimation uncertainty

- investment properties

lnvestment properties are professionally valued annually using a yield methodology. This uses market rental values capitalised at a market capitalisation rate but there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Turnover

Turnover comprises income received from property rental.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

1,941,333

Additions

1,494,689

Revaluations

2,866,607

At 31 March 2025

6,302,629

NET BOOK VALUE

At 31 March 2025

6,302,629

At 31 March 2024

1,941,333

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2025

2,866,607

Cost

3,436,022

6,302,629

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,494,000

1,039,764

The Bank loan is secured by way of a fixed and floating charge over the properties held by the company.

6.

RESERVES

Fair

value

reserve

£

Revaluation reserve

2,150,094

At 31 March 2025

2,150,094

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)

for and on behalf of Raffingers LLP, Statutory Auditor

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Lloyd Baker Group Limited, a company registered in the United Kingdom. During the current and previous year, the company was controlled by the directors, Mr A Malhotra and Mr T Malhotra, by virtue of their controlling ownership in the issued capital of Lloyd Baker Group Limited, the parent company.