Company Registration number: 15351787

Lonsdale Street Development Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 5

Lonsdale Street Development Limited

Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	375,000	155,319
Current assets
Cash at bank and in hand		97	1,051
Creditors: Amounts falling due within one year	5	(182,904)	(167,522)
Net current liabilities		(182,807)	(166,471)
Net assets/(liabilities)		192,193	(11,152)
Capital and reserves
Called up share capital	6	1,000	1,000
Retained earnings		191,193	(12,152)
Shareholders' funds/(deficit)		192,193	(11,152)

Lonsdale Street Development Limited

Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 15351787

Approved and authorised by the director on 28 May 2026
 

......................................... Mr P Hopper Director

Lonsdale Street Development Limited

Notes to the financial statements for the Year Ended 31 August 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Peterfield Road
Kingstown Industrial Estate
Carlisle
CA3 0EY

These financial statements were authorised for issue by the director on 28 May 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

Lonsdale Street Development Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Asset class	Depreciation method and rate
Investment property	No charge

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Lonsdale Street Development Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

4	INVESTMENT PROPERTIES

	2025 £
At 1 September	155,319
Additions	353
Revaluations	219,328
At 31 August	375,000

The investment properties were revalued on 31 August 2025 by the director. The carrying amount of the investment properties is £375,000. The director considers this to be the fair value of the properties.

5

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	179	7,123
Accruals and deferred income	1,325	1,200
Other creditors	181,400	159,199
	182,904	167,522

6	SHARE CAPITAL

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000