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Registered number: 14312227
LC & TL Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Crag & Co
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14312227
31 March 2026 31 March 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 679,341 486,939
679,341 486,939
CURRENT ASSETS
Cash at bank and in hand 9,253 3,372
9,253 3,372
Creditors: Amounts Falling Due Within One Year 5 (200,589 ) (134,459 )
NET CURRENT ASSETS (LIABILITIES) (191,336 ) (131,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES 488,005 355,852
Creditors: Amounts Falling Due After More Than One Year 6 (456,203 ) (314,453 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,117 ) (8,117 )
NET ASSETS 23,685 33,282
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 34,605 34,605
Profit and Loss Account (11,020 ) (1,423 )
SHAREHOLDERS' FUNDS 23,685 33,282
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Lenton
Director
13/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LC & TL Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14312227 . The registered office is Manchester House 50a Oxford Road, Guiseley, Leeds, LS20 8AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the rents received or receivable on investment properties held and in the ordinary course of the company's activities.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
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Page 4
4. Investment Property
31 March 2026
£
Fair Value
As at 1 April 2025 486,939
Additions 192,402
As at 31 March 2026 679,341
5. Creditors: Amounts Falling Due Within One Year
31 March 2026 31 March 2025
£ £
Other creditors 200,589 134,459
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2026 31 March 2025
£ £
Other loans 456,203 314,453
7. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2026 31 March 2025
£ £
Bank loans and overdrafts 456,203 314,453
8. Share Capital
31 March 2026 31 March 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 34,605 (1,423 )
Loss for the year and total comprehensive income - (9,597 )
As at 31 March 2026 34,605 (11,020 )
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10. Related Party Transactions
Included in other creditors ( note 5 ) are loans from the directors as detailed below :
Lewis CooperDirectorLoan to the company of £99,784 ( 2025 : £66,434 )

Lewis Cooper

Director

Loan to the company of £99,784 ( 2025 : £66,434 )

Tom LentonDirectorLoan to the company of £100,174 ( 2025 : £66,824 )

Tom Lenton

Director

Loan to the company of £100,174 ( 2025 : £66,824 )

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