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Registered number: 05718118 LANCASTER HOMES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
LANCASTER HOMES LIMITED REGISTERED NUMBER: 05718118 BALANCE SHEET AS AT 28 FEBRUARY 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 263 |  | 350
Investments | 5 |  | 53,250 |  | 53,250
|  |  | 53,513 |  | 53,600
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,853,480 |  | 2,092,529 |
Cash at bank and in hand | 7 | 47,128 |  | 827,656 |
|  | 2,900,608 |  | 2,920,185 |
Creditors: amounts falling due within one year | 8 | (2,104,301) |  | (2,134,864) |
Net current assets |  |  | 796,307 |  | 785,321
Total assets less current liabilities |  |  | 849,820 |  | 838,921
Creditors: amounts falling due after more than one year | 9 |  | - |  | (6,667)
Net assets |  |  | 849,820 |  | 832,254
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 849,720 |  | 832,154
|  |  | 849,820 |  | 832,254
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LANCASTER HOMES LIMITED REGISTERED NUMBER: 05718118 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2026 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2026.
R. A. Newbold
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
LANCASTER HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
1. | General information
Lancaster Homes Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is Leytonstone House, Leytonstone, London, E11 1GA. The principal activity of the company is property development. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.3 | Finance costs
Finance costs are charged to Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
LANCASTER HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% | Reducing balance method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2025 - 1).
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LANCASTER HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 March 2025 | 5,092
| At 28 February 2026 | 5,092
| Depreciation |
| At 1 March 2025 | 4,742
| Charge for the year on owned assets | 87
| At 28 February 2026 | 4,829
| Net book value |
| At 28 February 2026 | 263
| At 28 February 2025 | 350
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 March 2025 | 53,250
| At 28 February 2026 | 53,250
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LANCASTER HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts owed by connected companies | 2,834,137 | 2,032,158
| Other debtors | 19,343 | 60,371
|  | 2,853,480 | 2,092,529
7. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 47,128 | 827,656
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 6,667 | 10,000
| Corporation tax | 395 | -
| Other taxation and social security | - | 3,185
| Other creditors | 2,091,959 | 2,103,024
| Accruals and deferred income | 5,280 | 18,655
|  | 2,104,301 | 2,134,864
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | - | 6,667
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LANCASTER HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 6,667 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loans | - | 6,667
|  | 6,667 | 16,667
11. | Related party transactions
| During the year, the Company made loans of £2,834,137 (2025 - £2,032,158) to companies under common control. During the year, the Company also received loans of £2,091,928 (2025 - £2,103,024) from companies under common control. At the year end, the company was owed £19,343 (2025 - £60,371) by the director. All loans are unsecured and interest free.
12. | Controlling party
The Company is controlled by the director R. A. Newbold by virtue of his 100% shareholding in the ultimate parent undertaking. The immediate parent undertaking, R.A.N. Group Holdings Limited, is incorporated in England and Wales.
Page 7