Company No: 10878829 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lee David Wright
	Sophie Kate Sinclair Wright

REGISTERED OFFICE	313 Filey Road
	Scarborough
	YO11 3JG
	United Kingdom

COMPANY NUMBER

10878829 (England and Wales)

ACCOUNTANT	Ian Walker & Co
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	31,862		36,979
		31,862		36,979
Current assets
Stocks	4	181,576		117,500
Debtors	5	134,790		143,624
Cash at bank and in hand	6	1		3,048
		316,367		264,172
Creditors: amounts falling due within one year	7	( 240,145)		( 220,776)
Net current assets		76,222		43,396
Total assets less current liabilities		108,084		80,375
Creditors: amounts falling due after more than one year	8	( 89,477)		( 55,477)
Provision for liabilities	9	( 6,054)		0
Net assets		12,553		24,898
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		12,453		24,798
Total shareholders' funds		12,553		24,898

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of LDW Property Services Ltd (registered number: 10878829) were approved and authorised for issue by the Board of Directors on 15 June 2026. They were signed on its behalf by:

Sophie Kate Sinclair Wright Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LDW Property Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 313 Filey Road, Scarborough, YO11 3JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Office equipment	20 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		10

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	6,128		48,965		2,390		1,186		58,669
Additions	0		4,440		0		0		4,440
Disposals	( 3)		0		0		0		( 3)
At 31 March 2026	6,125		53,405		2,390		1,186		63,106
Accumulated depreciation
At 01 April 2025	3,174		15,450		2,276		790		21,690
Charge for the financial year	591		8,656		23		284		9,554
At 31 March 2026	3,765		24,106		2,299		1,074		31,244
Net book value
At 31 March 2026	2,360		29,299		91		112		31,862
At 31 March 2025	2,954		33,515		114		396		36,979

4. Stocks

	2026		2025
	£		£
Stocks	6,500		6,500
Work in progress	175,076		111,000
	181,576		117,500

5. Debtors

	2026		2025
	£		£
Trade debtors	100		13,287
Amounts owed by Group undertakings	15,209		10,209
Other debtors	119,481		120,128
	134,790		143,624

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	1		3,048
Less: Bank overdrafts	( 29,773)		( 46,742)
	(29,772)		(43,694)

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	45,732		50,924
Trade creditors	51,021		44,571
Taxation and social security	84,464		46,515
Obligations under finance leases and hire purchase contracts	4,277		4,277
Other creditors	54,651		74,489
	240,145		220,776

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	42,119		22,146
Obligations under finance leases and hire purchase contracts	9,625		13,902
Other creditors	37,733		19,429
	89,477		55,477

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	0		0
Charged to the Statement of Income and Retained Earnings	( 6,054)		0
At the end of financial year	( 6,054)		0

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
75 Ordinary A shares of £ 1.00 each	75		75
25 Ordinary B shares of £ 1.00 each	25		25
	100		100