Lakehurst Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02131525

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		121		172

			121		172
CURRENT ASSETS
Stocks	6	100,000		100,000
Debtors	7	143		88
Cash at bank and in hand		362		252

		100,505		100,340
Creditors: Amounts Falling Due Within One Year	8	(111,756 )		(128,102 )

NET CURRENT ASSETS (LIABILITIES)			(11,251 )		(27,762 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,130 )		(27,590 )

NET LIABILITIES			(11,130 )		(27,590 )

CAPITAL AND RESERVES
Called up share capital	9		510		510
Other reserves			490		490
Profit and Loss Account			(12,130 )		(28,590 )

SHAREHOLDERS' FUNDS			(11,130)		(27,590)

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Lakehurst Developments Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 J Mills

Director

27/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lakehurst Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02131525 . The registered office is 1-2 Rhodium Point Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.

The financial statements are presented in sterling which is the functional currency of the company and rounded

to the nearest £1.

2. Statement of Compliance

The financial statements have been prepared 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements. 

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

3.4. Turnover

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% reducing balance

3.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Lakehurst Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.8. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

Current tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

3.9. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2025	20,589

As at 31 December 2025	20,589

Depreciation
As at 1 January 2025	20,417
Provided during the period	51

As at 31 December 2025	20,468

Net Book Value
As at 31 December 2025	121

As at 1 January 2025	172

6. Stocks

	2025	2024
	£	£
Land	100,000	100,000

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	143	88

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Lakehurst Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals	1,644	1,559
Directors' loan accounts	110,112	126,543

	111,756	128,102

The directors' loan account is interest free and secured by way of debenture.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	510	510

10. Related Party Disclosures

Greenwell Investments Limited

A company in which both J.E. Mills and P.G. Mills are directors and shareholders.

During the year, the company received £20,000 (2024: £20,000) from Greenwell Investments Limited in respect of management charges.

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