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Company No: 00930612 (England and Wales)

# LARWIN LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

LARWIN LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

LARWIN LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2026
LARWIN LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2026

Director | A M Streeter

Registered office | 61 London Road
| Horsham
| West Sussex
| RH12 1AN
| United Kingdom

Company number | 00930612 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LARWIN LIMITED

For the financial year ended 31 March 2026

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LARWIN LIMITED (continued)

For the financial year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Larwin Limited for the financial year ended 31 March 2026 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Director of Larwin Limited, as a body, in accordance with the terms of our engagement letter dated 16 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Larwin Limited and state those matters that we have agreed to state to the director of Larwin Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Larwin Limited and its Director as a body for our work or for this report.

It is your duty to ensure that Larwin Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Larwin Limited. You consider that Larwin Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Larwin Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

24 August 2026

LARWIN LIMITED

## BALANCE SHEET

As at 31 March 2026
LARWIN LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 31.03.2026 |  | 31.03.2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,530,000 |  | 1,520,000
Investments | 4 | 30 |  | 30
|  | 1,530,030 |  | 1,520,030
Current assets |  |  |  |
Debtors | 5 | 950 |  | 10,294
Cash at bank and in hand |  | 41,042 |  | 34,447
|  | 41,992 |  | 44,741
Creditors: amounts falling due within one year | 6 | ( 48,990) |  | ( 54,207)
Net current liabilities |  | (6,998) |  | (9,466)
Total assets less current liabilities |  | 1,523,032 |  | 1,510,564
Creditors: amounts falling due after more than one year | 7 | ( 480,000) |  | ( 510,000)
Net assets |  | 1,043,032 |  | 1,000,564
Capital and reserves |  |  |  |
Called-up share capital |  | 99 |  | 99
Revaluation reserve |  | 272,615 |  | 262,615
Profit and loss account |  | 770,318 |  | 737,850
Total shareholders' funds |  | 1,043,032 |  | 1,000,564

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Larwin Limited (registered number: 00930612) were approved and authorised for issue by the Director on 21 August 2026. They were signed on its behalf by:

A M Streeter Director |

LARWIN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
LARWIN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Larwin Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 61 London Road, Horsham, West Sussex, RH12 1AN, United Kingdom.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

##### 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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

#####

#####

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. 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. Amounts 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.

Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

#### 2. Employees

| 31.03.2026 |  | 31.03.2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Investment property |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2025 | 1,520,000 |  | 1,520,000
Revaluations | 10,000 |  | 10,000
At 31 March 2026 | 1,530,000 |  | 1,530,000
Accumulated depreciation |  |  |
At 01 April 2025 | 0 |  | 0
At 31 March 2026 | 0 |  | 0
Net book value |  |  |
At 31 March 2026 | 1,530,000 |  | 1,530,000
At 31 March 2025 | 1,520,000 |  | 1,520,000

The 2026 valuations were made by the directors, on an open market value for existing use basis.

Revaluation of tangible assets

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Historical cost | 1,257,385 |  | 1,257,385
Carrying value | 1,257,385 |  | 1,257,385

#### 4. Fixed asset investments

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2025 | 30 |  | 30
At 31 March 2026 | 30 |  | 30
Carrying value at 31 March 2026 | 30 |  | 30
Carrying value at 31 March 2025 | 30 |  | 30

Investments in shares

The following were associates of the Company:

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.03.2026 | Ownership 31.03.2025 | Held
West Cumbrian Land LLP | 61 London Road, Horsham, West Sussex, RH12 1AN | Property development. | Membership | 50.00% | 50.00% | Direct
Port Derwent Properties Limited | 61 London Road, Horsham, West Sussex, RH12 1AN | Property development. | Ordinary | 33.30% | 33.30% | Direct

#### 5. Debtors

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Trade debtors | 0 |  | 2,090
Accrued income | 0 |  | 7,987
Other debtors | 950 |  | 217
| 950 |  | 10,294

#### 6. Creditors: amounts falling due within one year

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Trade creditors | 3,629 |  | 0
Amounts owed to related parties | 20,000 |  | 20,000
Accruals and deferred income | 14,689 |  | 13,554
Taxation and social security | 10,432 |  | 18,840
Other creditors | 240 |  | 1,813
| 48,990 |  | 54,207

#### 7. Creditors: amounts falling due after more than one year

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Amounts owed to related parties | 480,000 |  | 510,000

#### 8. Related party transactions

Transactions with the entity's director

| 31.03.2026 |  | 31.03.2025
| £ |  | £
A M Streeter | 240 |  | 1,813

During the year A M Streeter provided a loan to the company. At the balance sheet date the amount due to A M Streeter was as per above.

Other related party transactions

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Streeter Group Holdings Limited | 500,000 |  | 530,000

A M Streeter and R H Streeter are also directors and shareholders of Streeter Group Holdings Limited. During the year the company continued to receive a loan from Streeter Group Holdings Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to Streeter Group Holdings Limited was as per above.