Company Registration No. 15747531 (England and Wales)
L&RB Property Ltd
Unaudited accounts
for the year ended 31 May 2026
L&RB Property Ltd
Unaudited accounts
Contents
L&RB Property Ltd
Company Information
for the year ended 31 May 2026
Directors
Luke Garry Bowden
Rachel Joanne Bowden
Company Number
15747531 (England and Wales)
Registered Office
42 Long Barton
Kingsteignton
Newton Abbot
TQ12 3QP
England
Accountants
AG Accountancy Ltd
Coombe Mill Farm
Pillaton
Saltash
Cornwall
PL12 5AN
L&RB Property Ltd
Statement of financial position
as at 31 May 2026
Investment property
627,982
627,982
Cash at bank and in hand
11,035
4,629
Creditors: amounts falling due within one year
(201,298)
(201,921)
Net current liabilities
(189,015)
(196,258)
Total assets less current liabilities
438,967
431,724
Creditors: amounts falling due after more than one year
(442,125)
(441,816)
Net liabilities
(3,158)
(10,092)
Called up share capital
2
2
Profit and loss account
(3,160)
(10,094)
Shareholders' funds
(3,158)
(10,092)
For the year ending 31 May 2026 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2026 and were signed on its behalf by
Luke Garry Bowden
Director
Company Registration No. 15747531
L&RB Property Ltd
Notes to the Accounts
for the year ended 31 May 2026
L&RB Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15747531. The registered office is 42 Long Barton, Kingsteignton, Newton Abbot, TQ12 3QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 June 2025
627,982
Investment properties are those that are held either to earn rental income or for capital appreciation, or both.
Investment properties are measured initially at cost, including purchase costs, and thereafter stated at fair value, reflecting the market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value are recognised in the profit & loss in the year in which they arise.
Investment properties cease to be recognised when they have been disposed of or withdrawn permanently from use, and no future economic benefit is expected from disposal.
The directors consider that the property valuation at 31st May 2026 is unchanged since purchase taking into account the current market conditions.
Amounts falling due within one year
Accrued income and prepayments
1,248
1,034
6
Creditors: amounts falling due within one year
2026
2025
Loans from directors
199,124
198,812
Deferred income
1,504
2,527
L&RB Property Ltd
Notes to the Accounts
for the year ended 31 May 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
442,125
441,816
Aggregate of amounts that fall due for payment after five years
442,125
441,719
Financial Instruments are secured against investment properties, and measured at net cost and subsequently carried at amortised cost, using the effective interest rate method.
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).