Lazenbury Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4005933

Lazenbury Limited

Filleted Unaudited Financial Statements

30 June 2025

Lazenbury Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	9,315,226	9,059,417
Investments	6	15,100	15,100
		------------	------------
		9,330,326	9,074,517

Current assets

Debtors	7	3,624,823	2,592,478
Cash at bank and in hand		208,370	326,109
		------------	------------
		3,833,193	2,918,587

Creditors: amounts falling due within one year	8	1,341,958		474,228
		------------		------------
Net current assets			2,491,235	2,444,359
			-------------	-------------
Total assets less current liabilities			11,821,561	11,518,876

Creditors: amounts falling due after more than one year	9		5,446,946	5,518,338

Provisions

Taxation including deferred tax	571,876	397,619
	-------------	-------------
Net assets	5,802,739	5,602,919
	-------------	-------------

Capital and reserves

Called up share capital	100	100
Fair value reserve	1,715,629	1,695,111
Profit and loss account	4,087,010	3,907,708
	------------	------------
Shareholders funds	5,802,739	5,602,919
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lazenbury Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:

T M Lazenbury Esq
Director

Company registration number: 4005933

Lazenbury Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, P012 1LY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements have been made by the director in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost or valuation
At 1 July 2024	3,609,196	5,439,360	28,555	16,750	9,093,861
Additions	–	63,750	–	–	63,750
Revaluations	115,000	79,775	–	–	194,775
	------------	------------	--------	--------	------------
At 30 June 2025	3,724,196	5,582,885	28,555	16,750	9,352,386
	------------	------------	--------	--------	------------
Depreciation
At 1 July 2024	–	–	23,612	10,832	34,444
Charge for the year	–	–	1,236	1,480	2,716
	------------	------------	--------	--------	------------
At 30 June 2025	–	–	24,848	12,312	37,160
	------------	------------	--------	--------	------------
Carrying amount
At 30 June 2025	3,724,196	5,582,885	3,707	4,438	9,315,226
	------------	------------	--------	--------	------------
At 30 June 2024	3,609,196	5,439,360	4,943	5,918	9,059,417
	------------	------------	--------	--------	------------

The company holds investment property with a cost price of £7,018,386 (2024: £6,954,636). The properties are reflected in the accounts at their fair value at the balance sheet date. The valuation is carried out annually by T M Lazenbury Esq , the director with reference to the open market.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 July 2024 and 30 June 2025	16,000
	--------
Impairment
At 1 July 2024 and 30 June 2025	900
	--------

Carrying amount
At 30 June 2025	15,100
	--------
At 30 June 2024	15,100
	--------

7. Debtors

	2025	2024
	£	£
Other debtors	3,624,823	2,592,478
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	97,941	–
Trade creditors	26,697	27,451
Corporation tax	95,857	72,942
Social security and other taxes	1,067	448
Other creditors	1,120,396	373,387
	------------	---------
	1,341,958	474,228
	------------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	5,446,946	5,518,338
	------------	------------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
T M Lazenbury Esq	151,075	( 559,865)	( 408,790)
	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
T M Lazenbury Esq	120,560	30,515	151,075
	---------	--------	---------

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Trevor Michael Lazenbury Limited	27,156	1,806,489	185,906	158,750
BRO UK Limited	(22,468)	(37,527)	( 154,048)	( 131,580)
Canterfield Ltd	(340,000)	107,300	( 467,822)	( 127,822)
Buildfine Estates Ltd	240	240	( 11,462)	( 11,702)
Oldrose Estates Ltd	(23,565)	(19,152)	50,530	74,095
Talland Court Limited	–	(5,094)	44,922	44,922
Winlaz Property Limited	(129,443)	(29,926)	303,758	433,201
Lazenbury House Limited	(6,808)	(5,445)	270,155	276,963
Elson Road Limited	(240)	(1,042)	18,484	18,724
Lazenbury Woodland (IOW) Limited	–	(750)	185,065	185,065
Nathan Trevor Lazenbury Limited	740,485	30,659	817,106	76,621
Netherton Road Limited	(500)	(350)	( 4,698)	( 4,198)
Lazenbury Property (Stoke Road) Limited	67,325	(15,786)	( 6,318)	( 73,643)
Lazenbury Property (Bemisters & Park Parade) Limited	(37,435)	(25,047)	195,272	232,707

Lazenbury Property (Forton) Limited	9,639	4,420	195,116	185,477
Lazenbury Property (Lydia) Limited	45,345	60,993	397,685	352,340
Gosport High Street Limmited	28,000	–	32,164	4,164
265 Forton Road Limited	(17)	(11,143)	( 7,236)	( 7,219)
2000PC Limited	79,943	330,911	410,854	330,911
Lazenbury Property Management Limited	(33,036)	6,415	( 35,785)	( 2,749)
	---------	------------	---------	---------

T M Lazenbury Esq is the managing director and sole shareholder of Trevor Michael Lazenbury Limited .

T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Ltd.

Mrs T Lazenbury is the managing director of Canterfield Ltd and owns eighty per cent of the issued voting share capital. Trevor Michael Lazenbury Limited owns the remaining twenty per cent of the issued voting share capital of Canterfield Ltd.

T M Lazenbury Esq is the managing director of Buildfine Estates Ltd. Oldrose Estates Ltd owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Oldrose Estates Ltd and owns fifty per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Talland Court Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of WinLaz Property Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury House Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Elson Road Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury Woodland (IOW) Limited and owns one hundred per cent of the issued share capital.

Nathan Trevor Lazenbury Limited is a company under the control of the directors son.

Netherton Road Limited is a wholly owned subsidary of Lazenbury Limited.

T M Lazenbury Esq is the managing director of Lazenbury Property (Stoke Road) Limited and owns ninety per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury Property (Bemisters & Park Parade) Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury Property (Forton) Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury Property (Lydia) Limited and owns fifty per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Gosport High Street Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of 265 Forton Limited and owns one hundred per cent of the issued share capital.

T M Lazenbury Esq is the managing director of 2000PC Limited and owns eighty one per cent of the issued share capital.

T M Lazenbury Esq is the managing director of Lazenbury Property Management Limited and owns one hundred per cent of the issued share capital.