Company registration number 16002505 (England and Wales)
LONGMEAD INDUSTRIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
LONGMEAD INDUSTRIES LTD
COMPANY INFORMATION
Director
Mr Stephen Childs
(Appointed 7 October 2024)
Company number
16002505
Registered office
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
Accountants
Fairhurst Accountants Ltd
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
LONGMEAD INDUSTRIES LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
LONGMEAD INDUSTRIES LTD
STATEMENT OF FINANCIAL POSITION
As At 31 October 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
3
4,834,069
Current assets
Cash at bank and in hand
1,506,377
Creditors: amounts falling due within one year
4
(5,814,995)
Net current liabilities
(4,308,618)
Total assets less current liabilities
525,451
Provisions for liabilities
(37,236)
Net assets
488,215
Capital and reserves
Called up share capital
100
Other reserves
111,706
Profit and loss reserves
376,409
Total equity
488,215

For the financial period ended 31 October 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 period in question in accordance with section 476.

The director acknowledges his 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 July 2026
Mr Stephen Childs
Director
Company registration number 16002505 (England and Wales)
LONGMEAD INDUSTRIES LTD
NOTES TO THE FINANCIAL STATEMENTS
For The Period Ended 31 October 2025
- 2 -
1
Accounting policies
Company information

Longmead Industries Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Douglas Bank House, Wigan Lane, Wigan, Lancashire, WN1 2TB.

1.1
Basis of preparation

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Investments in shares are included at fair value. Gains are recognised in the income statement.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

LONGMEAD INDUSTRIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period Ended 31 October 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
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 income statement 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 income statement, 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
Employees

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

2025
Number
Total
0
3
Fixed asset investments
2025
£
Other investments other than loans
4,834,069
Fixed asset investments revalued

Fixed asset investments were valued at open market basis on 31 October 2025 by Evelyn Partners Group Ltd.

LONGMEAD INDUSTRIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period Ended 31 October 2025
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 7 October 2024
-
Additions
13,672,654
Valuation changes
148,942
Disposals
(8,987,527)
At 31 October 2025
4,834,069
Carrying amount
At 31 October 2025
4,834,069
4
Creditors: amounts falling due within one year
2025
£
Corporation tax
121,986
Other creditors
5,693,009
5,814,995
5
Related party transactions

Included in other creditors is £5,690,008 due to the director.

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