LRB Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12372565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LRB PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R L Bullough

Miss L Atherton

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

12372565 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

18,887

20,168

Investment property

5

200,000

218,887

220,168

CURRENT ASSETS

Debtors

6

435

6,054

Cash at bank

20,716

19,668

21,151

25,722

CREDITORS

Amounts falling due within one year

7

66,219

81,863

NET CURRENT LIABILITIES

(45,068

)

(56,141

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,819

164,027

CREDITORS

Amounts falling due after more than one
year

8

(145,693

)

(141,450

)

PROVISIONS FOR LIABILITIES

(3,421

)

(3,446

)

NET ASSETS

24,705

19,131

CAPITAL AND RESERVES

Called up share capital

20

Fair value reserve

9

14,587

Retained earnings

10,098

4,524

SHAREHOLDERS' FUNDS

24,705

19,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

Miss L Atherton - Director

Mrs R L Bullough - Director

1.	STATUTORY INFORMATION

LRB Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Containers

-

5% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Investment property

Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Containers

machinery

fittings

Totals

£

COST

At 1 January 2025

and 31 December 2025

23,609

320

500

24,429

DEPRECIATION

At 1 January 2025

3,541

320

400

4,261

Charge for year

1,181

-

100

1,281

At 31 December 2025

4,722

320

500

5,542

NET BOOK VALUE

At 31 December 2025

18,887

-

18,887

At 31 December 2024

20,068

-

100

20,168

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

200,000

NET BOOK VALUE

At 31 December 2025

200,000

At 31 December 2024

200,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

18,008

Cost

181,992

200,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

415

1,095

Other debtors

20

4,959

435

6,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Tax

1,439

83

Other creditors

200

Directors' current accounts

63,890

80,891

Accrued expenses

690

689

66,219

81,863

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/25

31/12/24

£

Bank loans more 5 yrs non-inst

145,693

141,450

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

145,693

141,450

9.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

14,587