Company registration number 00795091 (England and Wales)
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
One Bell Lane
Lewes
East Sussex
BN7 1JU
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr P Clayson
Mr G Clayson
Company number
00795091
Registered office
One Bell Lane
Lewes
East Sussex
BN7 1JU
Accountants
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers
NatWest Bank plc
23 West Street
Havant
Hampshire
PO9 1EV
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
804
1,072
Investment property
4
11,357,979
11,727,979
11,358,783
11,729,051
Current assets
Debtors
5
29,875
44,001
Cash at bank and in hand
172,603
117,869
202,478
161,870
Creditors: amounts falling due within one year
6
(355,863)
(342,618)
Net current liabilities
(153,385)
(180,748)
Total assets less current liabilities
11,205,398
11,548,303
Creditors: amounts falling due after more than one year
7
(2,052,268)
(2,331,137)
Provisions for liabilities
(1,504,231)
(1,562,463)
Net assets
7,648,899
7,654,703
Capital and reserves
Called up share capital
9
21,500
21,500
Capital redemption reserve
8,500
8,500
Non-distributable profits reserve
10
6,544,071
6,776,057
Distributable profit and loss reserves
11
1,074,828
848,646
Total equity
7,648,899
7,654,703
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 3 -

For the financial year ended 31 March 2026 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 15 June 2026 and are signed on its behalf by:
Mr G Clayson
Director
Company registration number 00795091 (England and Wales)
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Littlestone Properties (Bedhampton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is One Bell Lane, Lewes, East Sussex, BN7 1JU.

1.1
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, 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
Turnover

Turnover represents amounts receivable in relation to rental income and amounts recharged to tenants.

1.3
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.

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:

Fixtures, fittings and equipment
25% 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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
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 balance sheet 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.

1.8
Taxation

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

LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2026
2025
Number
Number
Total
2
2
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
3
Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2025 and 31 March 2026
3,317
Depreciation and impairment
At 1 April 2025
2,245
Depreciation charged in the year
268
At 31 March 2026
2,513
Carrying amount
At 31 March 2026
804
At 31 March 2025
1,072
4
Investment property
2026
£
Fair value
At 1 April 2025
11,727,979
Disposals
(370,000)
At 31 March 2026
11,357,979

Investment property comprises of freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The historical cost of these properties is £3,309,88 0 (2025 - £3,381,190).

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
11,308
742
Other debtors
18,567
43,259
29,875
44,001
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,775
10,462
Corporation tax
46,497
3,903
Other taxation and social security
-
0
3,276
Other creditors
307,591
324,977
355,863
342,618
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,754
Other creditors
2,052,268
2,329,383
2,052,268
2,331,137

Included within Other Creditors are loans of £2,132,268 (2025: £2,409,383) which are subject to the following terms:

The loans have no final maturity date, but in the opinion of the directors would not exceed more than five years from the reporting date. The loans are contractually repayable on demand only upon the lender serving a minimum of one year’s written notice to the company for repayment.

Interest is calculated by the Directors and Trustees and is formally reviewed on a half-yearly basis. The average interest rate applied during the period was 6% (2025: 6%).

£1,051,000 (202 5 - £1,415,000) of loans are secured via legal charges over a selection of properties in the portfolio.

LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
201
268
Tax losses
-
(8,539)
Investment property
1,504,030
1,570,734
1,504,231
1,562,463
2026
Movements in the year:
£
Liability at 1 April 2025
1,562,463
Credit to profit or loss
(58,232)
Liability at 31 March 2026
1,504,231

The deferred tax liability arises due to temporary differences on the revaluation of the company's investment property portfolio to its fair value and accelerated capital allowances. Deferred tax is measured using the tax rates that are expected to apply to the period when the asset is realised.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
21,500
21,500
21,500
21,500
10
Non-distributable profits reserve
2026
2025
£
£
At the beginning of the year
6,776,057
6,776,057
Transfer of non-distributable profits relating to prior periods
(231,986)
-
At the end of the year
6,544,071
6,776,057
LITTLESTONE PROPERTIES (BEDHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 10 -
11
Profit and loss reserves
2026
2025
£
£
At the beginning of the year
848,646
882,300
Loss for the year
(5,804)
(33,654)
Prior period profits transferred to non-distributable reserve
231,986
-
At the end of the year
1,074,828
848,646
12
Related party transactions
Transactions with related parties

Within Other creditors is £60,074 (2025: £110,304) due to a company under common control. The amounts represent unsecured, interest-free advances which are repayable on demand. No other transactions were entered into with this entity during the financial year.

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