Company registration number 03293306 (England and Wales)
LORDS STORAGE CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LORDS STORAGE CO. LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
LORDS STORAGE CO. LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,991,929
1,933,772
Current assets
Stocks
1,266
2,807
Debtors
6
4,340,232
3,075,856
Cash at bank and in hand
402,747
1,017,032
4,744,245
4,095,695
Creditors: amounts falling due within one year
7
(383,452)
(409,017)
Net current assets
4,360,793
3,686,678
Total assets less current liabilities
6,352,722
5,620,450
Creditors: amounts falling due after more than one year
8
-
0
(7,039)
Provisions for liabilities
9
(69,185)
(53,785)
Net assets
6,283,537
5,559,626
Capital and reserves
Called up share capital
10
100
100
Other reserves
276,500
276,500
Profit and loss reserves
6,006,937
5,283,026
Total equity
6,283,537
5,559,626

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

LORDS STORAGE CO. LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2026 and are signed on its behalf by:
M Charania
R Ranawat
Director
Director
Company Registration No. 03293306
LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Lords Storage Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 37 Duke Street, London, W1U 1LN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised either at the point of sale or on dispatch of the goods.

Revenue from contracts for the provision of storage services is recognised by reference to the stage of completion. The stage of completion is based on the amount of time elapsed where storage facilities have been provided.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has already been fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
50 years straight line
Plant and machinery
5 - 20 years straight line
Fixtures and fittings
3 - 10 years straight line
Motor vehicles
5 years straight line

Freehold land, included within freehold property, is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and consist of cash in hand and deposits held at call with banks.

1.8
Financial instruments

All of the company's financial instruments are basic and t he company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the

same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Recoverability of trade debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing the provision against trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and management's historical experience.

Estimated useful lives of tangible fixed assets

Estimation is required in determining the useful lives of such assets and their residual values.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
4
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
380,003
Amortisation and impairment
At 1 December 2024 and 30 November 2025
380,003
Carrying amount
At 30 November 2025
-
0
At 30 November 2024
-
0
LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
5
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024
2,138,262
427,416
136,061
9,013
2,710,752
Additions
-
0
134,495
-
0
-
0
134,495
At 30 November 2025
2,138,262
561,911
136,061
9,013
2,845,247
Depreciation and impairment
At 1 December 2024
428,278
269,425
70,264
9,013
776,980
Depreciation charged in the year
26,192
36,174
13,972
-
0
76,338
At 30 November 2025
454,470
305,599
84,236
9,013
853,318
Carrying amount
At 30 November 2025
1,683,792
256,312
51,825
-
0
1,991,929
At 30 November 2024
1,709,984
157,991
65,797
-
0
1,933,772
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
79,525
67,854
Amounts owed by group undertakings
4,172,326
2,680,672
Other debtors
88,381
327,330
4,340,232
3,075,856
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,033
10,332
Trade creditors
28,449
48,902
Corporation tax
58,950
35,662
Other taxation and social security
93,333
94,440
Other creditors
195,687
219,681
383,452
409,017
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
-
0
7,039
LORDS STORAGE CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
9
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
69,185
53,785
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
51
51
51
51
Ordinary B shares of £1 each
49
49
49
49
100
100
100
100
11
Financial commitments, guarantees and contingent liabilities

The company is party to a cross company guarantee between Store and Go Holdings Limited, Store ‘n’ Go Limited, Lords Storage Co. Limited, PSSC (Holdings) Limited, GY Storage Limited and Peterborough Self Storage Centre Limited in respect of amounts owed by Store and Go Holdings Limited, PSSC (Holdings) Limited and GY Storage Limited to the British Arab Commercial Bank Plc.

The amount guaranteed by the company under this agreement at 30 November 202 5 was £25,000,000 (202 4: £25,000,000) which is secured by a fixed and floating charge over the assets of the company.

12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

As at 30 November 202 5, the company was owed £1,620,713 (202 4: £129,059) by Store and Go Holdings Limited and £2,551,61 3 (202 4: £2,551,61 3) by Store 'N' Go Limited, both group undertakings of the company.

During the year the company incurred £128,600 (202 4: £119,600) of management charges from Ready Steady Store Limited and as at 30 November 202 5 owed £52,515 (202 4: £165,85 1 owed by) to Ready Steady Store Limited, a company related by common ownership.

13
Parent company

During the year the ultimate controlling parent was Highsky View Limited BVI, a company registered in the British Virgin Islands.

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