REGISTERED NUMBER: 10887095 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MARCH 2024 TO 31ST JULY 2025

FOR

LICHFIELD PROPERTY DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JB Barrett

WP Jones

REGISTERED OFFICE:

20 Kent Road

Northampton

Northamptonshire

NN5 4DR

REGISTERED NUMBER:

10887095 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

CURRENT ASSETS

Stocks

1,466,244

3,139,432

Debtors

4

175,865

105,992

Cash at bank and in hand

8,403

63,944

1,650,512

3,309,368

CREDITORS

Amounts falling due within one year

5

2,435,112

2,497,268

NET CURRENT (LIABILITIES)/ASSETS

(784,600

)

812,100

TOTAL ASSETS LESS CURRENT LIABILITIES

(784,600

)

812,100

CREDITORS

Amounts falling due after more than one year

6

-

812,000

NET (LIABILITIES)/ASSETS

(784,600

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(784,700

)

-

SHAREHOLDERS' FUNDS

(784,600

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2026 and were signed on its behalf by:

JB Barrett - Director

1.	STATUTORY INFORMATION

Lichfield Property Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis not withstanding that at the year end the company had net current liabilities. The directors believe this basis to be appropriate and have agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,865

-

Other debtors

117,000

105,992

175,865

105,992

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

828,758

1,377,511

Trade creditors

323,067

250,484

Taxation and social security

147,543

15,463

Other creditors

1,135,744

853,810

2,435,112

2,497,268

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

812,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

828,758

1,377,511

Other loans

-

812,000

828,758

2,189,511

All loans are secured against the assets of the company and by personal guarantees provided by the directors.

8.	RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.