REGISTERED NUMBER: 07951717 (England and Wales)

Financial Statements for the Year Ended 28 February 2026

for

Lymington Self Storage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Mackenzie

Mrs A J Mackenzie

Mrs V C Mackenzie

SECRETARY:

Mrs V C Mackenzie

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

07951717 (England and Wales)

ACCOUNTANTS:

CSL Partnership (Addlestone) Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

296,485

303,475

Investments

5

39

39

296,524

303,514

CURRENT ASSETS

Inventories

1,000

1,000

Debtors

6

7,524

12,064

Cash at bank

99,379

103,961

107,903

117,025

CREDITORS

Amounts falling due within one year

7

(182,610

)

(220,242

)

NET CURRENT LIABILITIES

(74,707

)

(103,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

221,817

200,297

CREDITORS

Amounts falling due after more than one year

8

(27,761

)

(42,421

)

PROVISIONS FOR LIABILITIES

(4,133

)

(5,497

)

NET ASSETS

189,923

152,379

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

159,923

122,379

SHAREHOLDERS' FUNDS

189,923

152,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 23 June 2026 and were signed on its behalf by:

J Mackenzie - Director

1.	STATUTORY INFORMATION

Lymington Self Storage Limited 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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold property - 2% on reducing balance

Improvements to property - 2% on reducing balance

Plant and machinery - Straight line over 15 years

Fixtures and fittings - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Office equipment - 25% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 March 2025

227,392

72,517

9,179

Additions

-

-

759

At 28 February 2026

227,392

72,517

9,938

DEPRECIATION

At 1 March 2025

4,233

15,514

6,672

Charge for year

303

1,141

809

At 28 February 2026

4,536

16,655

7,481

NET BOOK VALUE

At 28 February 2026

222,856

55,862

2,457

At 28 February 2025

223,159

57,003

2,507

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

17,891

43,395

9,613

379,987

Additions

-

-

-

759

At 28 February 2026

17,891

43,395

9,613

380,746

DEPRECIATION

At 1 March 2025

14,856

28,174

7,063

76,512

Charge for year

759

4,007

730

7,749

At 28 February 2026

15,615

32,181

7,793

84,261

NET BOOK VALUE

At 28 February 2026

2,276

11,214

1,820

296,485

At 28 February 2025

3,035

15,221

2,550

303,475

Included in cost of land and buildings is freehold land of £ 208,000 (2025 - £ 208,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2025

and 28 February 2026

39

NET BOOK VALUE

At 28 February 2026

39

At 28 February 2025

39

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

600

4,687

Other debtors

5,946

5,806

Prepayments

978

1,571

7,524

12,064

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

14,444

13,730

Trade creditors

404

7,247

Tax

71,724

47,868

Social security and other taxes

742

154

VAT

19,775

18,568

Other creditors

30,323

30,359

Directors' current accounts

2,417

60,573

Deferred income and accrued expenses

42,781

41,743

182,610

220,242

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-2 years

4,746

14,444

Bank loans - 2-5 years

13,121

13,194

Bank loans more than 5 years

9,894

14,783

27,761

42,421

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

9,894

14,783

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Bank loans

42,205

56,151

The company has provided security in the form of an unlimited debenture and a legal charge over the freehold land and buildings.

In addition, the directors of the company, have jointly provided personal guarantees of £96,000 and £15,000 plus interest and costs.