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LINGHOLM PRIVATE TRUST LIMITED,(THE)

Registered Number
00875471
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

LINGHOLM PRIVATE TRUST LIMITED,(THE)
Company Information
for the year from 1 April 2024 to 31 March 2025

Director | ANDERTON, James Michael John

Company Secretary | ANDERTON, James Michael John

Registered Address | Water End House
| Portinscale
| Keswick
| CA12 5UB

Registered Number | 00875471 (England and Wales)

LINGHOLM PRIVATE TRUST LIMITED,(THE)
Statement of Financial Position
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 4,260,955 |  |  |  | 4,220,069
Investments | 6 |  |  | - |  |  |  | 95
Investment property | 5 |  |  | 1,725,000 |  |  |  | 1,725,000
|  |  |  | 5,985,955 |  |  |  | 5,945,164
Current assets |  |  |  |  |  |  |  |
Debtors | 7 | 1,787,207 |  |  |  | 1,583,834 |  |
Cash at bank and on hand |  | 1,230 |  |  |  | 427,617 |  |
|  | 1,788,437 |  |  |  | 2,011,451 |  |
Creditors amounts falling due within one year | 8 | (1,032,292) |  |  |  | (1,125,869) |  |
Net current assets (liabilities) |  |  |  | 756,145 |  |  |  | 885,582
Total assets less current liabilities |  |  |  | 6,742,100 |  |  |  | 6,830,746
Creditors amounts falling due after one year | 9 |  |  | (362,882) |  |  |  | (50,419)
Provisions for liabilities | 10 |  |  | (265,571) |  |  |  | (339,993)
Net assets |  |  |  | 6,113,647 |  |  |  | 6,440,334
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 77,875 |  |  |  | 77,875
Share premium |  |  |  | 247,682 |  |  |  | 247,682
Other reserves |  |  |  | 1,800,261 |  |  |  | 1,800,261
Profit and loss account |  |  |  | 3,987,829 |  |  |  | 4,314,516
Shareholders' funds | 13 |  |  | 6,113,647 |  |  |  | 6,440,334

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2026, and are signed on its behalf by:
ANDERTON, James Michael John Director Registered Company No. 00875471

LINGHOLM PRIVATE TRUST LIMITED,(THE)
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Land and buildings | 50
| Plant and machinery | 10
| Fixtures and fittings | 5
| Vehicles | 5

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

| Investment property
--- | ---
| Investment property is carried at fair value determined annually by external values and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

| Financial instruments
--- | ---
| The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 2 |  | 2

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 April 24 | 4,518,253 |  | 94,070 |  | 77,261 |  | 165,717 |  | 4,855,301
| Additions | 118,849 |  | - |  | - |  | - |  | 118,849
| Disposals | - |  | (12,569) |  | - |  | - |  | (12,569)
| At 31 March 25 | 4,637,102 |  | 81,501 |  | 77,261 |  | 165,717 |  | 4,961,581
| Depreciation and impairment
| At 01 April 24 | 357,972 |  | 91,164 |  | 20,603 |  | 165,493 |  | 635,232
| Charge for year | 60,000 |  | 779 |  | 15,452 |  | 56 |  | 76,287
| On disposals | - |  | (10,893) |  | - |  | - |  | (10,893)
| At 31 March 25 | 417,972 |  | 81,050 |  | 36,055 |  | 165,549 |  | 700,626
| Net book value
| At 31 March 25 | 4,219,130 |  | 451 |  | 41,206 |  | 168 |  | 4,260,955
| At 31 March 24 | 4,160,281 |  | 2,906 |  | 56,658 |  | 224 |  | 4,220,069

| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income.

4. | Revaluation of property, plant and equipment
--- | ---
| In August 2017, Mr M R Towers BSc (Hons) MRCIS FAAV valued the Land and buildings on an existing use basis. It is the opinion of the directors that this valuation has not materiality altered at the period end date. Had the properties been measured at historical cost the amounts would have been: Cost £2,199,555 and Net Book Value £1,980,645 (PYR: Cost £2,199,555 and Net Book Value £2,024,637).These amounts exclude the property purchased in the year.

5. | Investment property
--- | ---
| In August 2017, Mr M R Towers BSc (Hons) MRCIS FAAV valued the Investment properties on an existing use basis. It is the opinion of the directors that this valuation has not materiality altered at the period end date. Had the properties been measured at historical cost the amounts would have been Cost £74,209.

|  | £
| Fair value at 01 April 24 | 1,725,000
| At 31 March 25 | 1,725,000

6. | Fixed asset investments
--- | ---
| The fixed asset investments is a portfolio of listed investments stated at their fair value at the balance sheet date.

|  | Other investments1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 24 | 95 |  | 95
| Disposals | (95) |  | (95)
| Net book value
| At 31 March 25 | - |  | -
| At 31 March 24 | 95 |  | 95

| Notes
--- | ---
| 1Other investments other than loans

7. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | - |  | 8,800
| Amounts owed by group undertakings | 573,511 |  | 374,477
| Other debtors | 1,060,612 |  | 1,057,452
| Prepayments and accrued income | 153,084 |  | 143,105
| Total | 1,787,207 |  | 1,583,834

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 45,700 |  | 25,396
| Bank borrowings and overdrafts | 507,130 |  | 600,000
| Amounts owed to related parties | 243,940 |  | 321,052
| Taxation and social security | 167,000 |  | 143,154
| Finance lease and HP contracts | 10,676 |  | 8,506
| Other creditors | 2,700 |  | 2,700
| Accrued liabilities and deferred income | 55,146 |  | 25,061
| Total | 1,032,292 |  | 1,125,869

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Finance lease and hire purchase creditors are secured on the underlying assets. The company loan is redeemable within a 12 month period and has been offset by further finance raised by the company . This finance has been arranged into a mortgage loan in the next reporting period.

9. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 323,139 |  | -
| Other creditors | 39,743 |  | 50,419
| Total | 362,882 |  | 50,419

| Other creditors above relate to finance lease and hire purchase creditors which are secured on the underlying assets.

10. | Provisions for liabilities
--- | ---
| The deferred tax provision comprises: £183,386 (2024: £183,386) related to the revaluation of freehold property, £412,700 (2024: £412,700) on the fair value of investment properties, £nil (2024: £nil) on the fair value of the investment portfolio and £260,096 (2024: £260,096) as a deferred tax asset on tax losses.

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 265,571 |  | 339,993
| Total | 265,571 |  | 339,993

11. | Other commitments
--- | ---
| The company is in a VAT group with Lake District Off Road Limited and Lingholm Farms Limited. The three companies are jointly and severally liable for their VAT. As at 31 March 2025, the group VAT balance amounted to £71,142.65.

12. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| ROCHDALE, Norma Elizabeth, Lady | 410,918 |  | 9,139 |  | 25,393 |  | 394,664
| ANDERTON, James Michael John | 385,177 |  | 103,864 |  | 85,422 |  | 403,619
|  | 796,095 |  | 113,003 |  | 110,815 |  | 798,283

| Interest of £18,489 was charged on the loans at the HMRC official rate. The loans are repayable on demand.

13. | Fair value reserve
--- | ---
| Other reserves represent the unrealised fair value surplus created when the freehold property, the investment property, and investment portfolio were revalued to their fair values. This reserve is stated net of the related deferred tax provisions at a rate of 25%. The reserve represents non distributable funds.

14. | Parent-subsidiary relationships
--- | ---
| As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is Derwent Bay Investments Limited, a company registered in England and Wales, company number 12682092.