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Registered number: 10567956 LONGMILL DEXTER LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
LONGMILL DEXTER LIMITED
CONTENTS
| Page
Statement of Financial Position | 1
Notes to the Financial Statements | 2 - 6
LONGMILL DEXTER LIMITED REGISTERED NUMBER:10567956
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 10,568,000 |  | 12,079,599
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 155,616 |  | 72,956 |
Bank and cash balances |  | 20,814 |  | 3,845 |
|  | 176,430 |  | 76,801 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 6 | (12,697,741) |  | (12,491,382) |
Net current liabilities |  |  | (12,521,311) |  | (12,414,581)
Net liabilities |  |  | (1,953,311) |  | (334,982)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  |  | (1,953,411) |  | (335,082)
|  |  | (1,953,311) |  | (334,982)
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2026.
V G Jeyabavan
Director
The notes on pages 2 to 6 form part of these financial statements. Page 1
LONGMILL DEXTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Longmill Dexter Limited is a private limited liability company incorporated in England and Wales, with its registered and business office address at 3rd Floor, 107 Jermyn Street, London SW1Y 6EE. The principal activity of the Company is that of property investment. The Company's functional and presentational currency is £ Sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. At the reporting date, the Company had borrowings of £5,779,703 which were contractually repayable within one year. As such, these amounts are presented as current liabilities. Subsequent to the year end, in February 2026, the Company refinanced this borrowing through a new loan facility of £6,050,000 with Lloyds Bank, maturing in 2031. The Directors have prepared cash flow forecasts covering a period of at least 12 months from the date of approval of the financial statements. Taking into account the refinancing completed after the reporting date and the continued support of the directors and the other related party creditors of the business, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
| 2.3 | Turnover
Turnover comprises rent receivable exclusive of Value Added Tax. Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.
| 2.4 | Investment property
Investment property is carried at fair value determined by the directors and derived from the current market rents and investment property yields for comparable real estate, 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 Statement of comprehensive iIncome.
| 2.5 | Debtors
Short term debtors are measured at the transaction price, less any impairment. Page 2
LONGMILL DEXTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
| 2.7 | 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.
| 2.8 | Finance costs
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
| 2.9 | Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.
| 2.10 | Taxation
Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
3. | Employees
| The directors were the only employees of the Company during the current and preceding year.
Page 3
LONGMILL DEXTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2024 | 12,079,599
| Deficit on revaluation | (1,511,599)
| At 31 July 2025 | 10,568,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 12,624,574 | 12,624,574
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 55,997 | 31,203
| Other debtors | 1,060 | -
| Prepayments and accrued income | 98,559 | 41,753
|  | 155,616 | 72,956
Page 4
LONGMILL DEXTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 5,779,703 | 5,852,071
| Trade creditors | 175,811 | 81,292
| Amounts owed to group undertakings | 6,628,739 | 6,426,350
| Taxation and social security | - | 7,435
| Other creditors | 46,251 | 51,314
| Accruals and deferred income | 67,237 | 72,920
|  | 12,697,741 | 12,491,382
| Secured loans The Company's bank facilities are secured by a first charge on all investment properties, all rents and other income and a debenture over the assets of the Company.
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1 each | 100 | 100
8.Directors' personal guarantees D Yamin-Joseph has given a personal guarantee as security for the Company's bank facilities.
9. | Related party transactions
| The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
10. | Subsequent events
At the reporting date, the Company had borrowings of £5,779,703 which were repayable in March 2026 and classified as falling due within one year. In February 2026, the Company entered into a new loan agreement with Lloyds Bank for £6,050,000. The facility matures in 2031 and was used to refinance the existing borrowing in full. As the refinancing was agreed after the reporting date, this represents a non-adjusting post balance sheet event. Accordingly, the borrowings continue to be classified as due within one year at the reporting date. Page 5
LONGMILL DEXTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
11. | Controlling party
The Company is a wholly owned subsidiary of Longmill Realty Limited, a company registered in England and Wales. The ultimate controlling party is D Yamin-Joseph, who is a director and the controlling shareholder of Longmill Realty Limited.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified. The audit report was signed on 14 April 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
Page 6