Landline Properties Ltd Filleted Accounts Cover |  |

| Landline Properties Ltd |
|  | Company No. 03888840 |  |
|  |  | Information for Filing with The Registrar |  |  |
|  |  | 31 March 2025 |  |  |

Landline Properties Ltd Directors Report Registrar |  |

The Director presents his report and the accounts for the year ended 31 March 2025.
Principal activities |  |  |  |  |
The principal activity of the company during the year under review was management of residential property.
Director |  |  |  |  |
The Director who served at any time during the year was as follows:
Zain Khan |  |  |  |  |  |  |
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board |  |  |  |
Zain Khan |  |  |  |  |  |
Director |  |  |  |  |  |
10 March 2026 |  |  |  |  |  |

Landline Properties Ltd Balance Sheet Registrar |  |

at | 31 March 2025 |  |  |  |  |  |  |
Company No. | 03888840 |  | Notes | 2025 |  |  |  | 2024
|  |  |  |  |  | £ |  |  |  | £
Fixed assets |  |  |  |  |  |  |
| Investment property |  | 4 | 850,000 |  |  |  | 825,000
|  |  |  |  |  | 850,000 |  |  |  | 825,000
Current assets |  |  |  |  |  |  |
| Debtors |  | 5 | 451,291 |  |  |  | 459,344
| Cash at bank and in hand |  |  | 20,807 |  |  |  | 17,985
|  |  |  |  |  | 472,098 |  |  |  | 477,329
Creditors: Amount falling due within one year | 6 | (190,940) |  |  |  | (133,444)
Net current assets |  |  | 281,158 |  |  |  | 343,885
Total assets less current liabilities |  |  | 1,131,158 |  |  |  | 1,168,885
Creditors: Amounts falling due after more than one year | 7 | (505,728) |  |  |  | (503,229)
Provisions for liabilities |  |  |  |  |  |  |
| Deferred taxation |  |  | (111,250) |  |  |  | (105,000)
Net assets |  |  | 514,180 |  |  |  | 560,656
Capital and reserves |  |  |  |  |  |  |
| Called up share capital |  |  | 4,312 |  |  |  | 4,312
| Revaluation reserve |  | 10 | 418,824 |  |  |  | 400,074
| Profit and loss account |  | 10 | 91,044 |  |  |  | 156,270
Total equity |  |  | 514,180 |  |  |  | 560,656
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 March 2026 and signed on its behalf by: |  |
Zain Khan |  |  |  |  |  |  |
Director |  |  |  |  |  |  |
10 March 2026 |  |  |  |  |  |  |  |

Landline Properties Ltd Notes to the Accounts Registrar |  |

for the year ended 31 March 2025 |  |  |  |  |  |  |  |

1 | General information |  |
| Landline Properties Ltd is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 03888840 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |  |  |  |  |
| 36 Mayo Road |  |  |  |  |  |  |  |  |  |
| Sherwood Rise |  |  |  |  |  |  |  |  |  |
| Nottingham |  |  |  |  |  |  |  |  |  |
| NG5 1BL |  |  |  |  |  |
| The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
| Going concern |  |  |  |  |  |  |  |
| The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.

2 | Accounting policies |  |  |  |  |  |  |  |

| Turnover |  |
| Turnover is the fair value of rent receivable for the period.

| Taxation |  |  |  |  |  |
| Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Freehold investment property |  |  |  |  |  |  |  |
| Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

| Trade and other debtors |  |  |  |  |  |  |  |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

| Trade and other creditors |  |  |  |  |  |  |  |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Leased assets |  |  |  |  |  |  |  |
| Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

| Defined contribution pensions |  |  |  |  |  |  |  |
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
| The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Financial instruments |  |  |  |  |  |  |  |
| Financial assets
| Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
| (a) The contractual rights to the cash flows from the asset expire or are settled;
| (b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
| (c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
| Financial liabilities
| Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
| The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

| Provisions |  |  |  |  |  |  |  |
| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
|  | The average monthly number of employees (including directors) during the year was: | 3 |  |  |  | 2

4 | Investment property |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Freehold Investment Property
|  |  |  |  |  |  |  |  |  |  |  |  |  | £
|  | Valuation |  |  |  |  |  |  |  |  |  |
|  | At 1 April 2024 |  |  |  |  |  |  |  |  |  | 825,000
|  | Revaluation |  |  |  |  |  |  |  |  |  | 25,000
|  | At 31 March 2025 |  |  |  |  |  |  |  |  |  | 850,000
|  | The company's property was revalued on an existing use basis by the director on 31 March 2025

5 | Debtors |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade debtors |  |  |  | - |  |  |  | 5,000
|  | Other debtors |  |  |  | 439,971 |  |  |  | 441,609
|  | Prepayments and accrued income |  |  |  | 11,320 |  |  |  | 12,735
|  |  |  |  |  |  |  |  |  | 451,291 |  |  |  | 459,344

6 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due within one year |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Bank loans and overdrafts |  |  |  | 18,197 |  |  |  | 26,749
|  | Taxes and social security |  |  |  | 65,636 |  |  |  | 77,864
|  | Loans from directors |  |  |  | 49,463 |  |  |  | 4,517
|  | Other creditors |  |  |  | 55,644 |  |  |  | 22,777
|  | Accruals and deferred income |  |  |  | 2,000 |  |  |  | 1,537
|  |  |  |  |  |  |  |  |  | 190,940 |  |  |  | 133,444

7 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due after more than one year |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Bank loans and overdrafts |  |  |  | 505,728 |  |  |  | 503,229
|  |  |  |  |  |  |  |  |  | 505,728 |  |  |  | 503,229
|  | Liabilities repayable in more than five years after the balance sheet date |  |  |  |  |  |  |  |
|  | Amount repayable by instalments |  |  |  | 420,324 |  |  |  | 484,746
|  |  |  |  |  |  |  |  |  | 420,324 |  |  |  | 484,746

8 | Creditors: secured liabilities |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | The aggregate amount of secured liabilities included within creditors |  |  |  | 477,549 |  |  |  | 479,978
|  | The bank loan is secured by a fixed charge over the freehold property of the company together with a fixed and floating charge over the other assets of the company.

9 | Share Capital |  |  |  |  |  |  |  |
|  | Share Capital consists of 4,312 Ordinary Shares of £1 each, which are all fully paid.

10 | Reserves |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Fair value investment property reserve |  |  |  | Total other reserves
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | At 1 April 2023 |  |  |  | 400,074 |  |  |  | 400,074
|  | At 31 March 2024 and 1 April 2024 |  |  |  | 400,074 |  |  |  | 400,074
|  | Movement on Fair value investment property reserve |  |  |  | 18,750 |  |  |  | 18,750
|  | At 31 March 2025 |  |  |  | 418,824 |  |  |  | 418,824
|  | Fair value investment property reserve - reflects the revaluation of investment properties.
|  | Profit and loss account - includes all current and prior period retained profits and losses.

11 | Related party transactions |
| At 31 March 2025 the company was owed £434,971 (2024 £434,971) by another company in which the director serves as a director.
| At 31 March 2025 the company owed £6,097 to a further company in which the director served as a director.
| At 31 March 2024 the company was owed £1,637 by this company.
| At 31 March 2025 the company owed £35,715 (2024 £nil) to a third company in which the director served as a director.
| The loans are unsecured, free of interest and are repayable upon demand.
| In addition, the company paid a management charge of £8,000 (2024 £17,500) for services provided by another company in which the director serves as a director.
| In addition, the borrowings of one of the companies referred to above are secured, in part by a charge over the properties owned by this company.
| The borrowings of this company are secured, in part by a charge over a property owned by the mother of the director.

12 | Dividends |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Dividends for the period: |  |  |  |  |  |  |  |
|  | Dividends paid in the period |  |  |  | 30,000 |  |  |  | 25,000
|  |  |  |  |  |  |  |  |  | 30,000 |  |  |  | 25,000
|  | Dividends by type: |  |  |  |  |  |  |  |
|  | Equity dividends |  |  |  | 30,000 |  |  |  | 25,000
|  |  |  |  |  |  |  |  |  | 30,000 |  |  |  | 25,000

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