REGISTERED NUMBER: 05312402 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

LONDON & WHARFEDALE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S G Clark

Mr R L Froggatt

Mr N P Mellor

SECRETARY:

Mr N P Mellor

REGISTERED OFFICE:

Lakeside House

4 Smith Way

Grove Park

Leicester

Leicestershire

LE19 1SX

REGISTERED NUMBER:

05312402 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

Lakeside House

4 Smith Way

Grove Park

Leicester

LE19 1SX

FIXED ASSETS

Investments

4

53

53

CURRENT ASSETS

Debtors

5

201,389

201,390

Cash at bank

304

216

201,693

201,606

CREDITORS

Amounts falling due within one year

6

(258,960

)

(256,945

)

NET CURRENT LIABILITIES

(57,267

)

(55,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,214

)

(55,286

)

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

(557,214

)

(555,286

)

SHAREHOLDERS' FUNDS

(57,214

)

(55,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr N P Mellor - Director

1.	STATUTORY INFORMATION

London & Wharfedale Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, Leicester, United Kingdom, LE7 4UZ and the registered number is 05312402.

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 presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

Going Concern

At the year end the company had net current liabilities of £57,267 (2024: £55,339) and net liabilities of £57,214 (2024: £55,286). The directors have confirmed that they will continue to support the company to enable it to pay its liabilities as they fall due for the foreseeable future. As such, the directors have prepared these financial statements on a going concern basis.

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

53

NET BOOK VALUE

At 30 November 2025

53

At 30 November 2024

53

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

201,389

201,390

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

258,960

256,945

7.	RELATED PARTY DISCLOSURES

As at the year end, £201,348 (2024 - £201,348) was owed by Red Kite Securities Ltd, a business in which London & Wharfedale Ltd own 50% of the issued share capital.