Company No: 11534512 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,590		4,945
Investment property	4	1,000,000		1,000,000
		1,005,590		1,004,945
Current assets
Debtors	5	6,266		7,866
Cash at bank and in hand		3,454		14,473
		9,720		22,339
Creditors: amounts falling due within one year	6	( 8,192)		( 12,893)
Net current assets		1,528		9,446
Total assets less current liabilities		1,007,118		1,014,391
Creditors: amounts falling due after more than one year	7	( 624,590)		( 652,590)
Provision for liabilities		( 57,265)		( 75,187)
Net assets		325,263		286,614
Capital and reserves
Called-up share capital	8	100		100
Fair value reserve		243,397		243,397
Profit and loss account		81,766		43,117
Total shareholders' funds		325,263		286,614

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of LSW Investments Limited (registered number: 11534512) were approved and authorised for issue by the Board of Directors on 03 March 2026. They were signed on its behalf by:

Mrs J Greeno Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LSW Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Yelverton Business Park, Yelverton, PL20 7PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company. Revenue is recognised in the month to which rent relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Other property, plant and equipment	25 % reducing balance

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery		Other property, plant and equipment		Total
	£		£		£
Cost
At 01 January 2025	3,130		6,700		9,830
Additions	2,000		0		2,000
At 31 December 2025	5,130		6,700		11,830
Accumulated depreciation
At 01 January 2025	835		4,050		4,885
Charge for the financial year	692		663		1,355
At 31 December 2025	1,527		4,713		6,240
Net book value
At 31 December 2025	3,603		1,987		5,590
At 31 December 2024	2,295		2,650		4,945

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	1,000,000
As at 31 December 2025	1,000,000

Valuation

The investment properties were valued by the Directors at 31 December 2025 to show the fair value.

5. Debtors

	2025		2024
	£		£
Trade debtors	6,266		4,332
Other debtors	0		3,534
	6,266		7,866

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	2,808		7,193
Other creditors	5,384		5,700
	8,192		12,893

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

	2025		2024
	£		£
Amounts owed to Group undertakings	549,590		577,590
Other creditors	75,000		75,000
	624,590		652,590

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
76 Ordinary shares of £ 1.00 each	76		76
24 Ordinary A shares of £ 1.00 each	24		24
	100		100