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Company No: 15392894 (England and Wales)

# LOCKLAND PROP LTD

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

LOCKLAND PROP LTD

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

LOCKLAND PROP LTD

## COMPANY INFORMATION

For the financial year ended 30 November 2025
LOCKLAND PROP LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 November 2025

DIRECTOR | S Seller

REGISTERED OFFICE | 102 High Road
| Chigwell
| IG7 6PJ
| United Kingdom

COMPANY NUMBER | 15392894 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Treviot House
| 186-192 High Road
| Ilford
| Essex
| IG1 1LR
| United Kingdom

LOCKLAND PROP LTD

## BALANCE SHEET

As at 30 November 2025
LOCKLAND PROP LTD

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,500,000 |  | 0
|  | 1,500,000 |  | 0
Current assets |  |  |  |
Debtors | 4 | 7,848 |  | 1,938
Cash at bank and in hand |  | 28,226 |  | 0
|  | 36,074 |  | 1,938
Creditors: amounts falling due within one year | 5 | ( 204,356) |  | ( 4,876)
Net current liabilities |  | (168,282) |  | (2,938)
Total assets less current liabilities |  | 1,331,718 |  | (2,938)
Creditors: amounts falling due after more than one year | 6 | ( 1,000,000) |  | 0
Provision for liabilities |  | ( 85,766) |  | 0
Net assets/(liabilities) |  | 245,952 |  | ( 2,938)
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 257,299 |  | 0
Profit and loss account | 7 | ( 11,447 ) |  | ( 3,038 )
Total shareholder's funds/(deficit) |  | 245,952 |  | ( 2,938)

For the financial year ending 30 November 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lockland Prop Ltd (registered number: 15392894) were approved and authorised for issue by the Director on 11 March 2026. They were signed on its behalf by:

S Seller Director |

LOCKLAND PROP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
LOCKLAND PROP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Lockland Prop Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 102 High Road, Chigwell, IG7 6PJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

##### Turnover

Turnover represents rent receivable during the year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ultimate controlling party

The ultimate controlling party is RMP Prop Limited a private company, limited by shares, registered in England and Wales. Registered number is 08792159 and registered office is 102 High Road, Chigwell, Essex, IG7 6PJ.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 December 2024 | 0
Additions | 1,156,935
Fair value movement | 343,065
As at 30 November 2025 | 1,500,000

Valuation

The investment properties were valued on a fair value basis on 30 November 2025 by the director.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 1,156,935 |  | 0

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 7,848 |  | 0
Other debtors | 0 |  | 1,938
| 7,848 |  | 1,938

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Parent undertakings | 180,035 |  | 2,456
Other creditors | 24,321 |  | 2,420
| 204,356 |  | 4,876

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 1,000,000 |  | 0

Other loans are secured on properties held within the business.

#### 7. Fair Value Reserve

| 2025 |  | 2024
| £ |  | £
At 1st December 2024 | 0 |  | 0
Revaluation in year | 343,065 |  | 0
Deferred tax | (85,766) |  | 0
| 257,299 |  | 0