Caseware UK (AP4) 2025.0.111 2025.0.111 2025-05-31 2025-05-31 false 1 2024-06-01 false 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14857799 2024-06-01 2025-05-31 14857799 2023-05-09 2024-05-31 14857799 2025-05-31 14857799 2024-05-31 14857799 c:Director1 2024-06-01 2025-05-31 14857799 d:CurrentFinancialInstruments 2025-05-31 14857799 d:CurrentFinancialInstruments 2024-05-31 14857799 d:Non-currentFinancialInstruments 2025-05-31 14857799 d:Non-currentFinancialInstruments 2024-05-31 14857799 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 14857799 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14857799 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 14857799 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14857799 d:ShareCapital 2025-05-31 14857799 d:ShareCapital 2024-05-31 14857799 d:RetainedEarningsAccumulatedLosses 2025-05-31 14857799 d:RetainedEarningsAccumulatedLosses 2024-05-31 14857799 c:FRS102 2024-06-01 2025-05-31 14857799 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 14857799 c:FullAccounts 2024-06-01 2025-05-31 14857799 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14857799 e:PoundSterling 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure

Registered number: 14857799 LSM HOMES (TW) LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MAY 2025
LSM HOMES (TW) LTD REGISTERED NUMBER: 14857799 STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 4,344,590 |  | 3,858,305 |
Debtors: amounts falling due within one year | 4 | 42 |  | 2,517 |
Cash at bank and in hand | 5 | 514 |  | 1,313 |
|  | 4,345,146 |  | 3,862,135 |
Creditors: amounts falling due within one year | 6 | (55,349) |  | (41,776) |
Net current assets |  |  | 4,289,797 |  | 3,820,359
Total assets less current liabilities |  |  | 4,289,797 |  | 3,820,359
Creditors: amounts falling due after more than one year | 7 |  | (4,299,265) |  | (3,824,982)
Net liabilities |  |  | (9,468) |  | (4,623)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 99 |  | 99
Profit and loss account |  |  | (9,567) |  | (4,722)
|  |  | (9,468) |  | (4,623)
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. Page 1
LSM HOMES (TW) LTD REGISTERED NUMBER: 14857799 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MAY 2025 The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 February 2026.
Lee Murphy
Director
The notes on pages 3 to 5 form part of these financial statements. Page 2
LSM HOMES (TW) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
LSM Homes (TW) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.3 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.4 | Stocks
Stock represents the purchase cost of Land at 1 & 2 Montacute Gardens, Linden Park Road, Tunbridge Wells, Kent, TN4 8H together with all development costs to date.
| 2.5 | Debtors
Short-term debtors are measured at transaction price.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Page 3
LSM HOMES (TW) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Westerham Homes Ltd | - | 725
| VAT Repayable | 42 | 1,792
|  | 42 | 2,517
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank | 514 | 1,313
|  | 514 | 1,313
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LSM HOMES (TW) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 14,232 | 8,292
| Whitgift Estates Limited | 9,684 | 9,684
| Lusson Ltd | 19,495 | 19,495
| Reigate Land Ltd | 2,810 | 2,555
| LSM Homes Limited | 3,428 | -
| Whitgift Estates (Phoenix House) Limited | 400 | -
| Accruals | 5,300 | 1,750
|  | 55,349 | 41,776
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Downing LLP Loan | 3,411,055 | 3,009,622
| Kudos Property Holdings Ltd | 820,160 | 815,360
| Final construction costs | 68,050 | -
|  | 4,299,265 | 3,824,982
| The Downing LLP loan attracts interest at a rate between 10.75% and 11.75%. Interest is accrued over the period of the loan. The loan is repayable as the units are sold. The loan is secured by a first charge over the land known as 1 & 2 Montacute Gardens, Linden Park Road, Tunbridge Wells, Kent, TN4 8H. Kudos Property Holdings Limited (KPHL) provided a loan to the company of £728,000 in August 2023 and £4,800 in August 2024. KPHL will enjoy interest at a rate of 12% on this loan which will be repaid after all other loans are repaid but prior to the distribution of any profits to shareholders.
8. | Related party transactions
| The company has received loans from various related companies, Whitgift Estates Limited (WEL), Reigate Land Ltd (RLL), LSM Homes Limited (LSM) and Whitgift Estates (Phoenix House) Limited (WEPHL) to fund costs. At the year end, the balance due to WEL was £9,684 (2024 - £9,684), RLL £2,810 (2024 - £2,555), LSM £3,428 (2024 - £Nil), WEPHL £400 (£2024 - £Nil). The loans are all interest free.
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