REGISTERED NUMBER: 11812429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Lister Property Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M P Reid-Smith

REGISTERED OFFICE:

Lister House

49 Lister Road

Wellingborough

Northamptonshire

NN8 4EL

REGISTERED NUMBER:

11812429 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Investment property

4

2,356,452

2,076,372

CURRENT ASSETS

Debtors

5

1,645

1,645

Cash at bank

16,538

16,026

18,183

17,671

CREDITORS

Amounts falling due within one year

6

1,778,044

1,529,604

NET CURRENT LIABILITIES

(1,759,861

)

(1,511,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

596,591

564,439

CREDITORS

Amounts falling due after more than one year

7

(375,955

)

(376,626

)

PROVISIONS FOR LIABILITIES

8

(9,508

)

(10,778

)

NET ASSETS

211,128

177,035

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

211,028

176,935

SHAREHOLDERS' FUNDS

211,128

177,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

Mr M P Reid-Smith - Director

1.	STATUTORY INFORMATION

Lister Property Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis which assumes the continued support of the company's directors and lenders.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

2,076,372

Additions

270,080

Revaluations

10,000

At 28 February 2026

2,356,452

NET BOOK VALUE

At 28 February 2026

2,356,452

At 28 February 2025

2,076,372

Fair value at 28 February 2026 is represented by:

£

Valuation in 2026

2,356,452

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

2,261,967

1,991,887

Investment properties were valued on an open market basis on by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,645

1,645

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

101,739

27,806

Amounts owed to group undertakings

1,666,500

1,486,500

Tax

7,177

12,395

Other creditors

-

995

Accrued expenses

2,628

1,908

1,778,044

1,529,604

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 1-2 years

199,715

375,386

Directors' loan accounts

176,240

1,240

375,955

376,626

The director's loan is long term finance and is interest free. Repayment will not be sought within the forthcoming year. Other loans relate to mortgages which are secured on the properties to which they relate.

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

9,508

10,778

Deferred tax

£

Balance at 1 March 2025

10,778

Utilised during year

(1,270

)

Balance at 28 February 2026

9,508

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

The retained profits includes non distributable reserves of £94,486 (2025 - £84,486).