Company registration number 12098727 (England and Wales)
LNCD (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LNCD (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
LNCD (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
22,996
22,996
Investment property
4
950,000
950,000
Investments
5
1,932,009
759,267
2,905,005
1,732,263
Current assets
Debtors
6
1,102
1,002
Cash at bank and in hand
146,018
1,004,933
147,120
1,005,935
Creditors: amounts falling due within one year
7
(2,132,483)
(2,041,219)
Net current liabilities
(1,985,363)
(1,035,284)
Total assets less current liabilities
919,642
696,979
Provisions for liabilities
(78,731)
(30,875)
Net assets
840,911
666,104
Capital and reserves
Called up share capital
100
100
Revaluation reserve
37,826
37,826
Profit and loss reserves
802,985
628,178
Total equity
840,911
666,104
LNCD (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mr N L Williams
Director
Company registration number 12098727 (England and Wales)
LNCD (HOLDINGS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 December 2023
100
-
0
468,333
468,433
Year ended 30 November 2024:
Profit
-
-
159,845
159,845
Other comprehensive income:
Revaluation of tangible fixed assets
-
50,434
-
50,434
Tax relating to other comprehensive income
-
(12,608)
-
0
(12,608)
Total comprehensive income
-
37,826
159,845
197,671
Balance at 30 November 2024
100
37,826
628,178
666,104
Year ended 30 November 2025:
Profit and total comprehensive income
-
-
174,807
174,807
Balance at 30 November 2025
100
37,826
802,985
840,911
LNCD (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
1
Accounting policies
Company information

LNCD (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Worsley Court, High Street, Worsley, Manchester, M28 3NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Land held is not depreciated.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Listed investments are initially measured at cost, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

LNCD (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2024 and 30 November 2025
22,996
Depreciation and impairment
At 1 December 2024 and 30 November 2025
-
0
Carrying amount
At 30 November 2025
22,996
At 30 November 2024
22,996
4
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
950,000

Investment property comprises land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2025
2024
£
£
Investments other than loans
1,932,009
759,267
LNCD (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 December 2024
759,267
Additions
1,446,697
Valuation changes
191,424
Disposals
(465,379)
At 30 November 2025
1,932,009
Carrying amount
At 30 November 2025
1,932,009
At 30 November 2024
759,267
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,102
1,002
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
7,638
18,682
Other creditors
2,124,845
2,022,537
2,132,483
2,041,219
8
Related party transactions

Due to common directorships, MQi Limited is a related party.

At the balance sheet date, the company owed MQi Limited £2,129,113 (2024: £2,020,216). The loan is interest free with no fixed date of repayment.

9
Directors' transactions

At the balance sheet date, the directors owed the company £6,689 (2024: £Nil). This is an interest free loan with no fixed date of repayment.

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