REGISTERED NUMBER: 15915423 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

23 AUGUST 2024 TO 30 NOVEMBER 2025

FOR

LANWILLAN (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr H P Murphy (Chairman)

Mrs M A Murphy

Mr P H Murphy

Mrs M A Middleton

SECRETARY:

Mr R H Smith FCA

REGISTERED OFFICE:

1 Westmoreland Avenue

Thurmaston

Leicester

LE4 8PH

REGISTERED NUMBER:

15915423 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investment property

4

27,500,000

CURRENT ASSETS

Debtors

5

63,901

Cash at bank

2,501,851

2,565,752

CREDITORS

Amounts falling due within one year

6

(811,727

)

NET CURRENT ASSETS

1,754,025

TOTAL ASSETS LESS CURRENT LIABILITIES

29,254,025

PROVISIONS FOR LIABILITIES

8

(558,332

)

NET ASSETS

28,695,693

CAPITAL AND RESERVES

Called up share capital

9

26,000,000

Fair value reserve

1,269,078

Retained earnings

1,426,615

SHAREHOLDERS' FUNDS

28,695,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by:

Mr H P Murphy (Chairman) - Director

1.	STATUTORY INFORMATION

Lanwillan (Leicester) Limited is a small business registered in England and Wales. Its registered office address is 1 Westmoreland Avenue, Thurmaston, Leicester, Leicestershire, England, LE4 8PH and the registered number is 15915423

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 are prepared in Sterling (£), which is the functional and presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue relating to rental income from investment properties is recognised on a straight line basis over the period of the lease. Where lease incentives are given they are recognised over the lease term on a straight line basis.

Investment property

Investment property is carried at fair value determined annually by the directors based on guidance from professional valuers 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 profit and loss for the period.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss for the period.

Financial instruments

The company has elected to apply the provisions of Sections 11 and 12 of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in respect of financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments

Basic financial instruments comprise cash and cash equivalents, trade and other debtors, trade and other creditors, and loans from banks and other third parties that meet the conditions set out in Section 11 of FRS 102.

Basic financial instruments are initially recognised at transaction price, including transaction costs, unless the arrangement constitutes a financing transaction. Where the arrangement constitutes a financing transaction, the instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Subsequently, basic financial instruments are measured at amortised cost using the effective interest method, less impairment in the case of financial assets.

Financial assets are assessed for indicators of impairment at the end of each reporting period. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Financial assets are derecognised when the contractual rights to the cash flows expire or are transferred and substantially all the risks and rewards of ownership have passed. Financial liabilities are derecognised when the obligation specified in the contract is discharged, cancelled or expires.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

26,230,922

Revaluations

1,269,078

At 30 November 2025

27,500,000

NET BOOK VALUE

At 30 November 2025

27,500,000

Investment property is stated at directors valuation, on the basis of open market value at 30 November 2025.

If the investment properties had not been revalued, they would have been included on the historical cost basis at cost and net book value at 30 November 2025 of £26,230,922.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,698

Other debtors

10,000

VAT

35,493

Prepayments

12,710

63,901

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

561,876

Corporation tax

70,689

Other creditors

29,431

Accruals and deferred income

149,731

811,727

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

95,112

Between one and five years

380,448

In more than five years

12,356,743

12,832,303

The company holds investment properties. Lease terms vary according to the nature of the property. Some contain provision for rent reviews according to prevailing market conditions.

At 30 November 2025, the company had future minimum rentals recoverable under non-cancellable operating leases as follows:

2025

£

Not later than 1 year

2,160,629

Later than 1 year and not later than 5 years

7,539,739

9,700,368

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

241,063

Investment property

revaluations

317,269

558,332

Deferred

tax

£

Charge to Profit and Loss Account during period

558,332

Balance at 30 November 2025

558,332

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

26,000,000

Ordinary

£1

26,000,000

26,000,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10.	CAPITAL COMMITMENTS

At the year end, the company had capital commitments totalling £199,468.

11.	RELATED PARTY DISCLOSURES

During the period the company acquired property at a cost of £24,000,000 from companies in the Charles Street Buildings Group Limited group. At the time of the acquisition Charles Street Buildings Group Limited was a related party by virtue of common control. Since the acquisitions were made the companies are no longer related parties.