LISBON DEVELOPMENTS LTD


Directors	DAVIES, Darren John
	WARNER, Matthew


Registered Address	3 St. James Place
	Ilfracombe
	EX34 9BH


Registered Number	13289210 (England and Wales)

Statement of Financial Position
24 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		599,116		234,236
			599,116		234,236
Current assets
Debtors		3,692		-
Cash at bank and on hand		7,913		42,204
		11,605		42,204
Creditors amounts falling due within one year	4	(204,987)		(118,078)
Net current assets (liabilities)			(193,382)		(75,874)
Total assets less current liabilities			405,734		158,362
Creditors amounts falling due after one year	5		(421,471)		(169,875)
Net assets			(15,737)		(11,513)
Capital and reserves
Called up share capital			4		4
Profit and loss account			(15,741)		(11,517)
Shareholders' funds			(15,737)		(11,513)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2026, and are signed on its behalf by:

DAVIES, Darren John
Director

WARNER, Matthew
Director

Registered Company No. 13289210

LISBON DEVELOPMENTS LTD

Notes to the Financial Statements
for the year ended 24 September 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The company continues to adopt a going concern basis in preparing its financial statements.

	Turnover policy
	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 the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue 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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Investment property
	Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss. Deferred taxation is provided on any surplus at the rate expected to apply when the property is sold.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 25 September 24	233,466	2,450	235,916
Additions	365,650	-	365,650
At 24 September 25	599,116	2,450	601,566
Depreciation and impairment
At 25 September 24	-	1,680	1,680
Charge for year	-	770	770
At 24 September 25	-	2,450	2,450
Net book value
At 24 September 25	599,116	-	599,116
At 24 September 24	233,466	770	234,236

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	204,951	118,042
Accrued liabilities and deferred income	36	36
Total	204,987	118,078


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in other creditors is an amount of £204,950 due to the director (2024: £118,042)

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	421,471	169,875
Total	421,471	169,875


	The company has loans secured over a fixed charge with a negative pledge over all properties known as, 27 Woodland Court, Hednesford, Cannock, Staffordshire, WS12 1DA and Apartment 3, Badgers Court, 94 Hednesford Road, Heath Hayes, Cannock, WS12 3EA and 1 Compass Apartments, Capstone Road, Ilfracombe, EX34 9BT.

6.	Provisions for liabilities
	The deferred tax liability has been calculated at 25% and arises on timing differences between depreciation charged in the financial statements and capital allowances claimed for tax purposes. Deferred tax has been recognised in accordance with FRS 102 Section 29.