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Company Registration No. 13872027 (England and Wales)
Langstone Properties Limited Unaudited accounts for the year ended 31 March 2026
Langstone Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Langstone Properties Limited Company Information for the year ended 31 March 2026
Directors
Mr C Ballard Mr A Ballard
Company Number
13872027 (England and Wales)
Registered Office
3 Hursley Road Chandler's Ford Eastleigh Hampshire SO53 2FW England
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Langstone Properties Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1,215
361
Investment property
5
650,851
650,851
652,066
651,212
Current assets
Cash at bank and in hand
3,777
992
Creditors: amounts falling due within one year
6
(1,799)
(1,507)
Net current assets/(liabilities)
1,978
(515)
Total assets less current liabilities
654,044
650,697
Creditors: amounts falling due after more than one year
7
(639,770)
(643,946)
Net assets
14,274
6,751
Capital and reserves
Called up share capital
200
200
Profit and loss account
14,074
6,551
Shareholders' funds
14,274
6,751
For the year ending 31 March 2026 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2026 and were signed on its behalf by
Mr C Ballard Director Company Registration No. 13872027
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Langstone Properties Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Langstone Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13872027. The registered office is 3 Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2FW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with the 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises of rental income received from renting properties.
Investment property
The investment properties are shown at its fair value as estimated by the Directors. Any movement in fair value is recognised in the fair value reserve.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Finance costs
Finance costs relate to effective interest rates on the loans and have been charged directly to the income statement.
Going concern
The company relies on the continued support of its directors. The directors have confirmed their continued support and the financial statements are therefore prepared on a going concern basis.
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Langstone Properties Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2025
904
Additions
1,293
At 31 March 2026
2,197
Depreciation
At 1 April 2025
543
Charge for the year
439
At 31 March 2026
982
Net book value
At 31 March 2026
1,215
At 31 March 2025
361
5
Investment property
2026
£
Fair value at 1 April 2025
650,851
At 31 March 2026
650,851
The investment properties are valued at open market value by the Directors. The original cost of the property was £650.851.
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
1,799
1,507
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
457,448
457,448
Loans from directors
182,322
186,498
639,770
643,946
Aggregate of amounts that fall due for payment after five years
457,448
457,448
Included within creditors due after one year are £457,448 worth of loans for which security has been given.
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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