REGISTERED NUMBER: 09796133 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

LADYBELLEGATE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K P Elliott

S A Rowlands

SECRETARY:

S A Rowlands

REGISTERED OFFICE:

First Floor

Southgate House

Southgate Street

Gloucester

GL1 1UB

REGISTERED NUMBER:

09796133 (England and Wales)

AUDITORS:

CMB Partnership Limited

Chartered Accountants and Statutory Auditor

7 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

FIXED ASSETS

Tangible assets

3

81,156

110,817

CURRENT ASSETS

Stocks

4

2,044,443

1,971,284

Debtors

5

202,432

117,298

Cash at bank

95,426

63,414

2,342,301

2,151,996

CREDITORS

Amounts falling due within one year

6

279,422

197,559

NET CURRENT ASSETS

2,062,879

1,954,437

TOTAL ASSETS LESS CURRENT LIABILITIES

2,144,035

2,065,254

CREDITORS

Amounts falling due after more than one year

7

2,345,000

2,300,000

NET LIABILITIES

(200,965

)

(234,746

)

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

(200,969

)

(234,750

)

SHAREHOLDERS' FUNDS

(200,965

)

(234,746

)

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 19 August 2026 and were signed on its behalf by:

S A Rowlands - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Ladybellegate Estates Limited is a private company, limited by shares, registered in England and Wales under the Companies Act. The company's registered number is 09796133. The address of the registered office is as follows:

First Floor

Southgate House

Southgate Street

Gloucester

GL1 1UB

The company's functional and presentational currency is pound sterling.

Turnover

Turnover represents rents receivable together with development sales.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress represents expenditure on a project to develop a site and is valued at the lower of cost and net realisable value. Cost includes direct expenditure, interest and applicable outgoings associated with bringing the site to its present condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade debtors or creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences 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 tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Interest income

Interest income is recognised using the effective interest method.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like fixtures and fittings are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock is compared with its selling price less costs to complete and sell. If an item of stock is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

Going concern

The company meets its day to day working capital requirement through its bank accounts. The company's forecasts and projections taking into account possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. The directors therefore have a reasonable expectation that the company has adequate resources to continue its operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

143,510

Additions

8,064

At 30 November 2025

151,574

DEPRECIATION

At 1 December 2024

32,693

Charge for year

37,725

At 30 November 2025

70,418

NET BOOK VALUE

At 30 November 2025

81,156

At 30 November 2024

110,817

4.

STOCKS

30.11.25

30.11.24

£

£

Work-in-progress

2,044,443

1,971,284

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

63,125

68,725

Amounts owed by associates

82,318

-

Other debtors

56,989

48,573

202,432

117,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

3,743

47,173

Taxation and social security

15,720

1,715

Other creditors

259,959

148,671

279,422

197,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other creditors

2,345,000

2,300,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

4

Ordinary

£1

4

4

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Martin (Senior Statutory Auditor)

for and on behalf of CMB Partnership Limited

10.	OTHER FINANCIAL COMMITMENTS

The Company has a lease of 126 years commencing on 13 October 2023 at a head rent of £200,000 pa increased each year by CPI, for the first two years of the term the rent was reduced by half.

The Company also has some supplemental leases for 25 years at an annual rental of £9,000.

11.	RELATED PARTY DISCLOSURES

At 30 November 2025 the company owed £2,262,682 (2024: £2,345,248) to related parties.