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REGISTERED NUMBER: 14237643 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Lakeandtownhomes Limited

Lakeandtownhomes Limited (Registered number: 14237643)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Lakeandtownhomes Limited

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | S A Edmondson

| Mrs E L B Edmondson

| REGISTERED OFFICE: | Flat 4 Mountview,

| 3 The Park

| Cheltenham

| GL50 2SL

| REGISTERED NUMBER: | 14237643 (England and Wales)

| ACCOUNTANTS: | HATS Gloucester Ltd

| 48 Hucclecote Road

| Gloucester

| Gloucestershire

| GL3 3RS

Lakeandtownhomes Limited (Registered number: 14237643)

Statement of Financial Position

31 July 2025

| 31/7/25 | 31/7/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 61,348 |  | 74,003 |  |

Investment property | 5 | 1,100,000 |  | 1,145,131 |  |

1,161,348 |  | 1,219,134 |  |

CURRENT ASSETS

Debtors | 6 | 3,354 |  | 494 |  |

Cash at bank | 29,756 |  | 53,030 |  |

33,110 |  | 53,524 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,179,941 |  | 24,653 |  |

NET CURRENT (LIABILITIES)/ASSETS | (1,146,831 | ) | 28,871 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,517 |  | 1,248,005 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 74,995 |  | 1,285,418 |  |

NET LIABILITIES | (60,478 | ) | (37,413 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | (60,480 | ) | (37,415 | ) |

SHAREHOLDERS' FUNDS | (60,478 | ) | (37,413 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lakeandtownhomes Limited (Registered number: 14237643)

Statement of Financial Position - continued

31 July 2025

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 Board of Directors and authorised for issue on 25 February 2026 and were signed on its behalf by:

S A Edmondson - Director

Mrs E L B Edmondson - Director

Lakeandtownhomes Limited (Registered number: 14237643)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Lakeandtownhomes 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.

| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

| These financial statements for the year ended 31 July 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 August 2023.

| Turnover

| Turnover represents rental income due for the accounting period from the investment property.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on 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 the Income Statement.

| 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 statement of financial position date.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Going concern

| Despite net current liabilities of £1,146,831 and net liabilities of £60,478 (2024 - £37,412), the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash flows of the business and expressed their intention to financially support the company for the foreseeable through the director's loan and a loan from a company under common control and therefore deem the going concern basis of preparation to be appropriate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 2 ).

Lakeandtownhomes Limited (Registered number: 14237643)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| Cost

| At 1 August 2024 | 104,706 |  |

| Additions | 29,514 |  |

| Disposals | (20,389 | ) |

| At 31 July 2025 | 113,831 |  |

| Depreciation

| At 1 August 2024 | 30,703 |  |

| Charge for year | 25,028 |  |

| Eliminated on disposal | (3,248 | ) |

| At 31 July 2025 | 52,483 |  |

| Net book value

| At 31 July 2025 | 61,348 |  |

| At 31 July 2024 | 74,003 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 August 2024 | 1,145,131 |  |

| Additions | 4,523 |  |

| Disposals | (21,639 | ) |

| Revaluations | (28,015 | ) |

| At 31 July 2025 | 1,100,000 |  |

| Net book value

| At 31 July 2025 | 1,100,000 |  |

| At 31 July 2024 | 1,145,131 |  |

| A recent property valuation for mortgage purposes valued the investment property at £1,100,000 as reflected in the reduction to fair value shown above.

| If investment property had not been revalued, it would be held at cost of £1,128,015.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/7/25 |  | 31/7/24

£ | £ |

| Trade debtors | 3,211 |  | - |  |

| Other debtors | 143 |  | 494 |  |

3,354 |  | 494 |  |

Lakeandtownhomes Limited (Registered number: 14237643)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/7/25 |  | 31/7/24

£ | £ |

| Bank loans and overdrafts | 4,800 |  | 23,993 |  |

| Taxation and social security | 687 |  | - |  |

| Other creditors | 1,174,454 |  | 660 |  |

1,179,941 |  | 24,653 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/7/25 |  | 31/7/24

£ | £ |

| Bank loans | 74,995 |  | 74,258 |  |

| Other creditors | - |  | 1,211,160 |  |

74,995 |  | 1,285,418 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 74,995 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31/7/25 |  | 31/7/24

£ | £ |

| Bank loans | 79,795 |  | 98,251 |  |

| The bank loan (mortgage) is secured via a fixed charge on the company's investment property.

10. | RELATED PARTY DISCLOSURES

| Mr S A Edmondson

| Director

| The director has loaned funds to the company to assist with the purchase of the investment property. As at 31 July 2025, the company owed the director £633,702 (2024 - £638,292). The loan is interest free and has no fixed repayment terms.

| Design-N-Build Ltd.

| A company under common control

| Design-N-Build Ltd. has loaned funds to the company to assist with the purchase of the investment property. As at 31 July 2025, the company owed Design-N-Build Ltd. £539,868 (2024 - £572,868). The loan is interest free and has no fixed repayment terms.

Lakeandtownhomes Limited (Registered number: 14237643)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

11. | FIRST YEAR ADOPTION

| This is the first year that the company has presented its financial statements under Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council.

| The last financial statements, for the year ended 31 July 2024, were prepared under Financial Reporting Standard 105 (FRS 105). The transition date to FRS 102 is therefore 1 August 2023.

| Adopting FRS 102 has not given rise to any transition adjustments.