Company registration number 05452652 (England and Wales)
THE L & C PROPERTY COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE L & C PROPERTY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
4 - 7
THE L & C PROPERTY COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
42,729
39,023
Current assets
Debtors
5
354,461
284,053
Cash at bank and in hand
668,859
234,592
1,023,320
518,645
Creditors: amounts falling due within one year
6
(988,046)
(518,397)
Net current assets
35,274
248
Total assets less current liabilities
78,003
39,271
Creditors: amounts falling due after more than one year
7
(40,449)
(26,101)
Provisions for liabilities
(10,297)
(9,509)
Net assets
27,257
3,661
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
26,257
2,661
Total equity
27,257
3,661
THE L & C PROPERTY COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
Mrs C L Grant
Director
Company registration number 05452652 (England and Wales)
THE L & C PROPERTY COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1,000
61,256
62,256
Year ended 31 December 2024:
Profit and total comprehensive income
-
307,405
307,405
Dividends
-
(366,000)
(366,000)
Balance at 31 December 2024
1,000
2,661
3,661
Year ended 31 December 2025:
Profit and total comprehensive income
-
291,596
291,596
Dividends
-
(268,000)
(268,000)
Balance at 31 December 2025
1,000
26,257
27,257
THE L & C PROPERTY COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no significant judgements or estimates in the preparation of these financial statements.

2
Accounting policies
Company information

The L & C Property Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Yeomans Court, Ware Road, Hertford, Hertfordshire, United Kingdom, SG13 7HJ.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

2.2
Going concern

The financial statements are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern true.

2.3
Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has been partially completed, turnover represents the value of services provided with reference to the proportion of labour costs incurred to date. Where amounts are invoiced to customers in advance of services provided, these amounts are recorded as deferred income and included in creditors due within one year. Where services have been provided in excess of amounts invoiced to customers, these amounts are recorded as accrued income and included in debtors due within one year.

2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

THE L & C PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% on reducing balance
Plant and equipment
25% on reducing balance

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.

2.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.6
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.

2.7
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
21
18
THE L & C PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Improvements to property
Plant and equipment
Total
£
£
£
Cost
At 1 January 2025
8,941
120,868
129,809
Additions
-
0
16,026
16,026
Disposals
-
0
(940)
(940)
At 31 December 2025
8,941
135,954
144,895
Depreciation and impairment
At 1 January 2025
8,941
81,845
90,786
Depreciation charged in the year
-
0
11,419
11,419
Eliminated in respect of disposals
-
0
(39)
(39)
At 31 December 2025
8,941
93,225
102,166
Carrying amount
At 31 December 2025
-
0
42,729
42,729
At 31 December 2024
-
0
39,023
39,023
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
(6,783)
86,354
Other debtors
361,244
197,699
354,461
284,053
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
31,392
70,864
Trade creditors
(121,748)
36,460
Corporation tax
99,749
106,571
Other taxation and social security
134,461
132,727
Other creditors
844,192
171,775
988,046
518,397
THE L & C PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
40,449
26,101

The company has given a guarantee over the long-term bank loan which is secured by an unlimited debenture over the undertaking and all property and assets present and future.

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
160,707
21,500
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