Land Investments (Southend) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Land Investments (Southend) Ltd Registered number 643343 is a private company limited by shares incorporated in England & Wales. The Registered Office is 200 London Road, Southend on Sea, Essex, SS1 1PJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

The company's activities consist primarily of the holding of investment properties and deriving rental income from those properties. The company will also receive interest income on cash deposits when there is surplus cash to be deposited.

Rental income is recognised as it becomes due and is accrued on a time basis. Interest income is not intended to be a material figure in the accounts and is, therefore, only recognised as it is received.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Leasehold	Nil
Plant & Machinery	25% per annum on a straight line basis
Computer Equipment	25% per annum on a straight line basis

2.4. Investment Properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition;

Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in fair value are recognised in profit or loss in the period that they arise; and
no depreciation is provided in respect of investment properties applying the fair value model

If a reliable measure is not available without undue cost or effort for an item of investment property, this item is thereafter accounted for as a tangible fixed asset in accordance with section 17 until a reliable measure of fair value becomes available.

2.5. 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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

...CONTINUED

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Financial Instruments - continued

Debtors

Basic financial assets, including trade and other debtors, 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 method, less any impairment.

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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Interest income

Interest income is recognised in profit or loss using the effective interest method

2.6. Taxation

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

Tax is recognised in profit or loss except that a change 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 January 2025	3,662,450	64,000	2,650	1,068	3,730,168
Revaluation	(351,852 )	(6,148 )	-	-	(358,000 )

As at 31 December 2025	3,310,598	57,852	2,650	1,068	3,372,168

Depreciation
As at 1 January 2025	-	-	2,649	1,067	3,716

As at 31 December 2025	-	-	2,649	1,067	3,716

Net Book Value
As at 31 December 2025	3,310,598	57,852	1	1	3,368,452

As at 1 January 2025	3,662,450	64,000	1	1	3,726,452

The freehold and leasehold properties shown above are held as investment properties and were valued at 31st December 2025 on the basis of market value by Hair & Son LLP. The surplus or deficit arising from the revaluation is shown on the profit and loss account as other operating income and transferred, net of deferred tax, to the fair value reserve on the balance sheet.

Included in the freehold and leasehold investment properties, shown at £3,310,598 and £57,852 respectively, are properties used in operating leases. The historic cost of these properties is £776,493.

5. Investments

	Other
	£
Cost or Valuation
As at 1 January 2025	806,114
Additions	101,824
Disposals	(303 )

As at 31 December 2025	907,635

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	907,635

As at 1 January 2025	806,114

The Investment comprises a loan to the company's parent company, Land Investments (Rayleigh) Ltd. The loan is unsecured has a five year term and carries interest at a fixed rate of 6.5%pa.

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,101	6,616
Corporation tax recoverable assets	-	36

	12,101	6,652

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,107	7,174
Corporation tax	8,001	-

	18,108	7,174

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	500,000	500,000

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges over certain of the company's assets by way of legal mortgage:

	2025		2024
	£		£
Bank loans and overdrafts	500,000		500,000

10. Deferred Taxation

The provision for deferred taxation is made up of deferred tax on the fair value of the investment properties.

	2025	2024
	£	£
Other timing differences	532,831	600,231

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 January 2025	2,327,627	1,173,338
Loss for the year and total comprehensive income	-	(178,084 )

Movements in fair value reserve	(268,500)	-
Transfer to/from fair value reserve	-	268,500

As at 31 December 2025	2,059,127	1,263,754

Profit and Loss Reserve

This shows the retained distributable profits for the company

Fair Value Reserve

This contains the fair value adjustments to the company's leasehold and freehold properties, net of deferred tax.

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Related Party Transactions

The company has taken advantage of the exemption provided in FRS102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,368,452		3,726,452
Investments	5		907,635		806,114

			4,276,087		4,532,566
CURRENT ASSETS
Debtors	6	12,101		6,652
Cash at bank and in hand		85,732		69,252

		97,833		75,904
Creditors: Amounts Falling Due Within One Year	7	(18,108 )		(7,174 )

NET CURRENT ASSETS (LIABILITIES)			79,725		68,730

TOTAL ASSETS LESS CURRENT LIABILITIES			4,355,812		4,601,296

Creditors: Amounts Falling Due After More Than One Year	8		(500,000 )		(500,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(532,831 )		(600,231 )

NET ASSETS			3,322,981		3,501,065

CAPITAL AND RESERVES
Called up share capital			100		100
Fair value reserve	11		2,059,127		2,327,627
Profit and Loss Account			1,263,754		1,173,338

SHAREHOLDERS' FUNDS			3,322,981		3,501,065