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Company registration number: 12336988
SOUTH LAWNS FREEHOLD COMPANY LTD
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 November 2025
Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD
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SOUTH LAWNS FREEHOLD COMPANY LTD
Registered number:12336988
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Statement of Financial Position
As at 30 November 2025
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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SOUTH LAWNS FREEHOLD COMPANY LTD
Registered number:12336988
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Statement of Financial Position (continued)
As at 30 November 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2026.
___________________________
Michael Carmedy
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The notes on pages 3 to 6 form part of these financial statements.
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SOUTH LAWNS FREEHOLD COMPANY LTD
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Notes to the Financial Statements
For the Year Ended 30 November 2025
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD, United Kingdom.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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SOUTH LAWNS FREEHOLD COMPANY LTD
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Notes to the Financial Statements
For the Year Ended 30 November 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
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Freehold investment property
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Owing to the nature of the freehold and proximity to the transaction, there has been no material change.
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If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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SOUTH LAWNS FREEHOLD COMPANY LTD
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Notes to the Financial Statements
For the Year Ended 30 November 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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SOUTH LAWNS FREEHOLD COMPANY LTD
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Notes to the Financial Statements
For the Year Ended 30 November 2025
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Director's advances, credits and guarantees
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Advances/(credits) to the directors
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Advances/(credits) to the directors
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Related party transactions
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During the year, the company repaid £58,890 to its shareholders in relation to outstanding loans advanced to purchase the Freehold titles. At the year end, an amount of £129,190 (2024 - £188,080) was owed the shareholders, £36,507 (2024 - £54,627) of which was owed to those who are also directors, and is included in other creditors.
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