Limegrange (Clerkenwell) Ltd - Filleted accounts

Registered number

08326559

Limegrange (Clerkenwell) Ltd

Unaudited Filleted Accounts

31 December 2025

Limegrange (Clerkenwell) Ltd
Registered number:		08326559
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,761,743			2,770,928
			2,761,743			2,770,928

Current assets
Debtors	4	16,346			15,048
		16,346			15,048

Creditors: amounts falling due within one year	5	(2,650,242)			(2,687,698)

Net current assets			(2,633,896)			(2,672,650)

Total assets less current liabilities			127,847			98,278

Creditors: amounts falling due after more than one year	6		(46,800)			(134,634)

Provisions for liabilities			-			-


Net assets			81,047			(36,356)

Capital and reserves
Called up share capital			1			1
Revaluation reserve	8		151,256			151,256
Profit and loss account			(70,210)			(187,613)

Shareholder's funds			81,047			(36,356)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




O. C. Denniss
Director
Approved by the board on 28.05.2026

Limegrange (Clerkenwell) Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			Straight line over 10 years

	Investment property
	Investment property and improvements are revalued at each year end and any changes in fair value reflected in the statement of comprehensive income.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.








	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.




2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Investment property		Investment property imrpovements		Fixtures and fittings		Total
£			£		£
	Cost
	At 1 January 2025	1,786,510		938,491		80,756		2,805,757
	Additions	-		-		-		-
	At 31 December 2025	1,786,510		938,491		80,756		2,805,757

	Depreciation
	At 1 January 2025	-		-		34,829		34,829
	Charge for the year	-		-		9,185		9,185
	At 31 December 2025	-		-		44,014		44,014

	Net book value
	At 31 December 2025	1,786,510		938,491		36,742		2,761,743
	At 31 December 2024	1,786,510		938,491		45,927		2,770,928


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					2,576,591		2,576,591
	Cumulative depreciation based on historical cost					-		-
						2,576,591		2,576,591
	The investment property was revalued at the year end by the Director. The investment property is not depreciated. Compliance with FRS102 is a departure from the Companies Act 2006 necessary to give a true and fair view.


4	Debtors					2025		2024
£							£

	Trade debtors					10,000		10,000
	Deferred tax asset					6,112		4,190
	Other debtors					234		858
						16,346		15,048

	Amounts due after more than one year included above					-		-




5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					248,225		262,442
	Trade creditors					19,665		19,662
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					2,380,372		2,403,960
	Other creditors					1,980		1,634
						2,650,242		2,687,698


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		87,834
	Trade creditors					46,800		46,800
						46,800		134,634


7	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					-		-
	Instalments falling due for payment after more than five years					-		-
						-		-


	Secured bank loans					248,225		350,276

	Principality Building Society has a charge against the investment property up to the outstanding balance of the loan. The loan is due to be repaid in full or refinanced by May 2026.



8	Revaluation reserve					2025		2024
£							£

	At 1 January 2025					151,256		474,171
	Revaluation in year					-		(409,773)
	Deferred taxation arising on the revaluation of land and buildings					-		86,858

	At 31 December 2025					151,256		151,256



9	Related party transactions

	The company has taken advantage of section 33.1A of FRS102 regarding the disclosure of group transactions.


10	Controlling party

	The company is a wholly owned subsidiary of Limegrange London Limited, a company incorproated in England. Limegrange London Limited is jointly owned and controlled by A. L. Denniss and H. Denniss. It's registered office is:

	51-52 St John's Square
	London
	EC1V 4JL

	Under the Companies Act 2006 there is no requirement to prepare group consolidated accounts as the group qualifies as small.

11	Other information

	Limegrange (Clerkenwell) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	51-52 St John's Square

	51-52 St John's Square
	London
	EC1V 4JL