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Registration number: 04429047

Lone Eagle Estates Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Lone Eagle Estates Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Lone Eagle Estates Limited

Company Information

Directors | P J Goodes N I Hole J M Symons P R Withers

Registered office | Eagle House 1 Babbage Way Exeter Science Park Exeter Devon EX5 2FN

Lone Eagle Estates Limited

(Registration number: 04429047)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,475,000 | 7,475,000
Current assets |  |  |
Stocks | 5 | - | 74,051
Debtors | 6 | 87,214 | 20,057
Cash at bank and in hand |  | 34,901 | 41,993
|  | 122,115 | 136,101
Creditors: Amounts falling due within one year | 7 | (3,359,158) | (3,791,076)
Net current liabilities |  | (3,237,043) | (3,654,975)
Total assets less current liabilities |  | 4,237,957 | 3,820,025
Provisions for liabilities |  | (226,314) | (121,640)
Net assets |  | 4,011,643 | 3,698,385
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Revaluation reserve |  | 1,893,138 | 1,893,138
Retained earnings |  | 2,118,504 | 1,805,246
Shareholders' funds |  | 4,011,643 | 3,698,385

Lone Eagle Estates Limited

(Registration number: 04429047)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2026 and signed on its behalf by:

......................................... P J Goodes Director

Lone Eagle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

These financial statements were authorised for issue by the Board on 6 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises rental income from tenants of the company's investment properties. Rental income includes the income from managed operations. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Rental income from investment property leased out under an operating lease is recognised in the profit and loss account on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the net consideration for the use of the property and are therefore recognised on the same straight-line basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Lone Eagle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Lone Eagle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Investment properties £ | Plant and machinery £ | Total £
Cost or valuation
At 1 July 2024 | 7,475,000 | 6,000 | 7,481,000
At 30 June 2025 | 7,475,000 | 6,000 | 7,481,000
Depreciation
At 1 July 2024 | - | 6,000 | 6,000
At 30 June 2025 | - | 6,000 | 6,000
Carrying amount
At 30 June 2025 | 7,475,000 | - | 7,475,000
At 30 June 2024 | 7,475,000 | - | 7,475,000

Valuation

The fair value of the company's investment property was valued on an open market basis by the directors on 30 June 2025. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £5,581,862 (2024 - £5,581,862). The depreciation on historical costs is £nil (2024 - £nil).

Lone Eagle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Work in progress

| 2025 £ | 2024 £
Work in progress | - | 74,051

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 79,097 | 12,219
Prepayments | 8,117 | 7,838
| 87,214 | 20,057

7 | Creditors

|  | 2025 £ | 2024 £
Trade creditors |  | 34,882 | 12,365
Loans due to related parties |  | - | 2,816,075
Amounts due to related parties |  | 2,958,022 | 670,808
Taxation and social security |  | 32,888 | 31,313
Other creditors |  | 34,900 | 41,992
Accruals and deferred income |  | 298,466 | 218,523
|  | 3,359,158 | 3,791,076