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Registration number: 12035111

Lunney Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Lunney Properties Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 8

Lunney Properties Limited

Company Information

Director | Mrs C E Lunney

Registered office | 1 Bond Street Colne Lancashire BB8 9DG

Accountants | Hargreaves, Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lunney Properties Limited
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lunney Properties Limited for the year ended 30 June 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lunney Properties Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Lunney Properties Limited and state those matters that we have agreed to state to the Board of Directors of Lunney Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lunney Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lunney Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lunney Properties Limited. You consider that Lunney Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lunney Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Hargreaves, Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

26 February 2026

Lunney Properties Limited

(Registration number: 12035111)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | - | 132
Investment property | 5 | 530,093 | 524,718
|  | 530,093 | 524,850
Current assets |  |  |
Debtors |  | 1,461 | 1,097
Cash at bank and in hand |  | 3,589 | 1,768
|  | 5,050 | 2,865
Creditors: Amounts falling due within one year | 6 | (2,331) | (2,185)
Net current assets |  | 2,719 | 680
Total assets less current liabilities |  | 532,812 | 525,530
Creditors: Amounts falling due after more than one year | 6 | (414,176) | (418,502)
Provisions for liabilities |  | (20,277) | (19,281)
Net assets |  | 98,359 | 87,747
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 81,071 | 82,092
Retained earnings |  | 17,188 | 5,555
Shareholders' funds |  | 98,359 | 87,747

Lunney Properties Limited

(Registration number: 12035111)
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.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 February 2026

.........................................

Mrs C E Lunney
Director

Lunney Properties 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 England.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

These financial statements were authorised for issue by the director on 26 February 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.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% reducing balance

Lunney Properties Limited

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

Investment property

Investment properties are held to earn rentals and/or capital appreciation. Investment properties are
initially measured at cost, including transaction costs.
Subsequently investment properties are measured at fair value. Investment property valuations are
based on open market value. Gains and losses arising in changes in fair value of investment
properties are included in the Statement of Income and Retained Earnings in the period in which they
arise.

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Lunney Properties Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 430 | 430
At 30 June 2025 | 430 | 430
Depreciation
At 1 July 2024 | 298 | 298
Charge for the year | 132 | 132
At 30 June 2025 | 430 | 430
Carrying amount
At 30 June 2025 | - | -
At 30 June 2024 | 132 | 132

5 | Investment properties

| 2025 £
At 1 July | 524,718
Fair value adjustments | 5,375
At 30 June | 530,093

There has been no valuation of investment property by an independent valuer.

Lunney Properties Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 1,610 | 1,465
Accruals and deferred income | 721 | 720
| 2,331 | 2,185

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 414,176 | 418,502

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 269,225 | 269,725
Other borrowings | 144,951 | 148,777
| 414,176 | 418,502

The bank loans are secured by a fixed charge over the company's assets.