REGISTERED NUMBER: 03188310 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

LOCKDALE COINS LTD

FIXED ASSETS

Tangible assets

4

135,882

154,864

Investments

5

44,772

-

Investment property

6

602,901

-

783,555

154,864

CURRENT ASSETS

Stocks

139,623

56,337

Debtors

382,535

226,670

Cash at bank and in hand

607,399

917,250

1,129,557

1,200,257

CREDITORS

Amounts falling due within one year

462,350

171,936

NET CURRENT ASSETS

667,207

1,028,321

TOTAL ASSETS LESS CURRENT LIABILITIES

1,450,762

1,183,185

PROVISIONS FOR LIABILITIES

11,000

18,000

NET ASSETS

1,439,762

1,165,185

CAPITAL AND RESERVES

Called up share capital

3,800

3,800

Retained earnings

1,435,962

1,161,385

1,439,762

1,165,185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 30 April 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 director and authorised for issue on 8 January 2026 and were signed by:

Mr D Daley - Director

1.	STATUTORY INFORMATION

Lockdale Coins Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 03188310 and the registered office is Towlers Court, 30A Elm Hill, Norwich, NR3 1HG. The presentation currency of the financial statements is 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.

Turnover

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

Turnover is recognised when the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Investments

Investments are stated at cost less any provision for impairment. The company reviews the carrying value of investments at each reporting date to consider whether there is any indication of impairment. Where an impairment is identified, the carrying amount is reduced accordingly and the impairment charged to profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

296,876

Additions

45,696

Disposals

(34,400

)

At 30 April 2025

308,172

DEPRECIATION

At 1 May 2024

142,012

Charge for year

42,103

Eliminated on disposal

(11,825

)

At 30 April 2025

172,290

NET BOOK VALUE

At 30 April 2025

135,882

At 30 April 2024

154,864

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

44,772

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

602,901

At 30 April 2025

602,901

NET BOOK VALUE

At 30 April 2025

602,901

As the investment properties were acquired during the financial year, and there have been no indicators of a change in value since there acquisition, the fair value at the balance sheet date has been a considered as equivalent to the purchase costs.

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company operates a current account and a loan account with its director. The total debit balance at 30 April 2025 was £163,119 (30 April 2024 £158,338). The current account is unsecured and repayable on demand. The loan account is unsecured and repayable under the terms of a loan agreement. Interest has been charged at HMRC official rates.

8.

DEBTORS

Debtors includes £36,876 (2024 £36,876) falling due after more than one year.