Registration number: 08091210

Daniel Lambert Limited

(Registration number: 08091210)

Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	3	35,057,464	30,715,189
Investments	4	100	-
		35,057,564	30,715,189
Current assets
Debtors	5	1,082,448	763,658
Cash at bank and in hand		776,792	310,344
		1,859,240	1,074,002
Creditors: Amounts falling due within one year	6	(4,793,557)	(5,295,570)
Net current liabilities		(2,934,317)	(4,221,568)
Total assets less current liabilities		32,123,247	26,493,621
Creditors: Amounts falling due after more than one year	6	(16,565,061)	(11,569,266)
Provisions for liabilities		(353,860)	(138,776)
Net assets		15,204,326	14,785,579
Capital and reserves
Called up share capital		11,522,610	11,522,610
Fair value reserve		654,237	658,816
Profit and loss account		3,027,479	2,604,153
Shareholders' funds		15,204,326	14,785,579

For the financial 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.

Directors' responsibilities:

•	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 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.

Daniel Lambert Limited

(Registration number: 08091210)

Balance Sheet as at 31 May 2026 (continued)

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 August 2026 and signed on its behalf by:
 

......................................... N J B Smith Director

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	Accounting policies

Statutory information

Daniel Lambert Limited is a private company, limited by shares, domiciled in England and Wales, company number 08091210. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been 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 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

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 income 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 shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment properties are initally recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment proeprty is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Financial assets

Investments in shares are included at fair value.

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

1	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 5).

Daniel Lambert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

3	Tangible assets

	Investment property £
Cost or valuation
At 1 June 2025	30,715,189
Revaluations	210,505
Additions	5,380,390
Disposals	(1,248,620)
At 31 May 2026	35,057,464
Depreciation
Carrying amount
At 31 May 2026	35,057,464
At 31 May 2025	30,715,189

 

The investment property was valued by the director on an open market basis at £35,057,464 as at 31 May 2026 (2025: £30,715,189). The historical cost of the investment was £34,049,367 (2025: £29,917,597).

4	Investments

Subsidiaries	£
Cost or valuation
Additions	830,508
Disposals	(830,408)
At 31 May 2026	100
Carrying amount
At 31 May 2026	100