F C R Ludlam Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02582783 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

F C R Ludlam Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr F Ludlam

REGISTERED OFFICE:

51 Collegiate Crescent

Sheffield

S10 2BR

REGISTERED NUMBER:

02582783 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

4

13,230

15,930

Tangible assets

5

202,485

217,424

Investments

6

1,000

Investment property

7

15,570,000

15,786,715

15,804,354

CURRENT ASSETS

Debtors

8

68,559

92,459

Cash at bank and in hand

213,119

122,637

281,678

215,096

CREDITORS

Amounts falling due within one year

9

473,146

461,790

NET CURRENT LIABILITIES

(191,468

)

(246,694

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,595,247

15,557,660

CREDITORS

Amounts falling due after more than one
year

10

(7,312,987

)

(7,312,987

)

PROVISIONS FOR LIABILITIES

(1,195,436

)

(1,197,823

)

NET ASSETS

7,086,824

7,046,850

CAPITAL AND RESERVES

Called up share capital

12

2,425

Revaluation reserve

13

2,662,416

Retained earnings

4,421,983

4,382,009

SHAREHOLDERS' FUNDS

7,086,824

7,046,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

Mr F Ludlam - Director

1.	STATUTORY INFORMATION

F C R Ludlam Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised by the company in respect of rental income over the period to which it relates.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The fair value is determined annually by the director, on an open market value for existing use basis.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2024

and 30 June 2025

27,000

AMORTISATION

At 1 July 2024

11,070

Amortisation for year

2,700

At 30 June 2025

13,770

NET BOOK VALUE

At 30 June 2025

13,230

At 30 June 2024

15,930

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 July 2024

and 30 June 2025

269,783

54,710

278,230

14,945

617,668

DEPRECIATION

At 1 July 2024

65,070

43,162

278,174

13,838

400,244

Charge for year

5,395

8,539

56

949

14,939

At 30 June 2025

70,465

51,701

278,230

14,787

415,183

NET BOOK VALUE

At 30 June 2025

199,318

3,009

-

158

202,485

At 30 June 2024

204,713

11,548

56

1,107

217,424

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

1,000

NET BOOK VALUE

At 30 June 2025

1,000

At 30 June 2024

1,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

15,570,000

NET BOOK VALUE

At 30 June 2025

15,570,000

At 30 June 2024

15,570,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2021

3,857,061

Cost

11,712,939

15,570,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

11,712,939

The investment properties were valued on an open market basis on 30 June 2025 by the director of the company .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

19,157

23,419

Other debtors

49,402

69,040

68,559

92,459

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

11,261

Trade creditors

12,741

22,841

Taxation and social security

103,359

143,069

Other creditors

357,046

284,619

473,146

461,790

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

7,312,987

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,312,987

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

7,312,987

7,324,248

The bank loans included above are repayable by instalments with interest being accrued monthly. The bank loans are secured against the properties owned by the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,749

A Ordinary

£1

1,749

86

B Ordinary

£1

86

590

C Ordinary

£1

590

2,425

13.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

2,662,416

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

Mr F Ludlam

Balance outstanding at start of year

61,482

384,184

Amounts advanced

180,950

305,831

Amounts repaid

(278,468

)

(628,533

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(36,036

)

61,482

This balance is unsecured and interest is charged at HMRC's approved rate with no fixed repayment terms.

15.	RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £59,234 (2024: £67,817) due to a trust which holds a participating interest in the company of which the company's director is one of the trustees but is not a beneficiary. This amount is unsecured and interest free with no repayment terms.

Included in other creditors is a balance of £1,000 (2024: £1,000) owed to a subsidiary company. This amount is unsecured and interest free with no repayment terms.