Registration number: 11010999

Lupin Property Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Lupin Property Limited

(Registration number: 11010999)
Abridged Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,025	2,918
Investment property	5	1,746,596	1,620,596
Investments	6	40	40
Other financial assets	7	151,825	195,576
		1,900,486	1,819,130
Current assets
Debtors		66,816	74,846
Cash at bank and in hand		12,532	14,162
		79,348	89,008
Creditors: Amounts falling due within one year		(1,391,009)	(1,457,302)
Net current liabilities		(1,311,661)	(1,368,294)
Total assets less current liabilities		588,825	450,836
Provisions for liabilities		(27,657)	(26,792)
Net assets		561,168	424,044
Capital and reserves
Called up share capital		200	200
Other reserves		159,124	24,287
Profit and loss account		401,844	399,557
Total equity		561,168	424,044

Lupin Property Limited

(Registration number: 11010999)
Abridged Balance Sheet as at 31 October 2025

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

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:
 

Mrs C Queen

Director

Mr J Queen

Director

Lupin Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Hanburies
Bishops Frome
Worcestershire
WR6 5AT

These financial statements were authorised for issue by the Board on 21 July 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has considered the financial position of the company and considers it to remain viable as a going concern for a period of at least 12 months.

Prior period errors

Correction to disclosed investments

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Other financial assets overstated	-	40	-
Investments in associates understated	-	40	-

Revenue recognition

Turnover comprises the fair value of the consideration received for the rent receivable from investment property in conjunction with dividends received from investment in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Page 3

Lupin Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Plant & machinery	25% straight line

Investment property

Investment property is carried at fair value. Gains are recognised in the revaluation reserve account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Lupin Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Total £
Cost or valuation
At 1 November 2024	5,641
At 31 October 2025	5,641
Depreciation
At 1 November 2024	2,723
Charge for the year	893
At 31 October 2025	3,616
Carrying amount
At 31 October 2025	2,025
At 31 October 2024	2,918

5	Investment properties

	2025 £
At 1 November 2024	1,620,596
Fair value adjustments	126,000
At 31 October 2025	1,746,596

The directors have assessed the valuation of the Company’s commercial properties and consider the carrying values to represent fair value.

The residential property has been valued by the directors using market information obtained from reputable and publicly available sources. The directors consider the resulting valuation to be a reasonable estimate of fair value.