Lambdrake Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01526920

Lambdrake Limited

Filleted Unaudited Financial Statements

30 April 2026

Lambdrake Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		1,579,700	1,825,230

Current assets

Debtors	6	11,692	9,112
Cash at bank and in hand		353,375	456,559
		---------	---------
		365,067	465,671

Creditors: amounts falling due within one year	7	43,806		46,653
		---------		---------
Net current assets			321,261	419,018
			------------	------------
Total assets less current liabilities			1,900,961	2,244,248

Provisions

Taxation including deferred tax	215,408	298,398
	------------	------------
Net assets	1,685,553	1,945,850
	------------	------------

Capital and reserves

Called up share capital	51,100	51,100
Other reserves	664,652	889,652
Profit and loss account	969,801	1,005,098
	------------	------------
Shareholders funds	1,685,553	1,945,850
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Lambdrake Limited

Statement of Financial Position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

Mr S G Brian

Director

Company registration number: 01526920

Lambdrake Limited

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gates Garage, Bridge Lane, Frodsham, WA6 7HN, Cheshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Bicycle	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Petrol tanks and pumps	-	over 15 years

The cost of land which was incorporated within freehold property was not depreciated.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

Grants

Grants received in respect of capital expenditure are matched against the cost of the project. Revenue grants are taken to the profit and loss account when earned.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest met hod.

Defined contribution plans

The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting period.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Investment Property	Fixtures and fittings	Bicycle	Motor Vehicles	Petrol tanks and pumps	Total
	£	£	£	£	£	£
Cost or valuation
At 1 May 2025	1,800,000	102,728	1,499	22,894	174,400	2,101,521
Additions	–	2,866	–	70,752	–	73,618
Revaluations	( 300,000)	–	–	–	–	( 300,000)
	------------	---------	-------	--------	---------	------------
At 30 Apr 2026	1,500,000	105,594	1,499	93,646	174,400	1,875,139
	------------	---------	-------	--------	---------	------------
Depreciation
At 1 May 2025	–	98,798	1,185	1,908	174,400	276,291
Charge for the year	–	1,321	78	17,749	–	19,148
	------------	---------	-------	--------	---------	------------
At 30 Apr 2026	–	100,119	1,263	19,657	174,400	295,439
	------------	---------	-------	--------	---------	------------
Carrying amount
At 30 Apr 2026	1,500,000	5,475	236	73,989	–	1,579,700
	------------	---------	-------	--------	---------	------------
At 30 Apr 2025	1,800,000	3,930	314	20,986	–	1,825,230
	------------	---------	-------	--------	---------	------------

Investment Property in the Balance Sheet is valued at fair value (being open market value) as at 30 April 2026 as determined by the Director of the company Mr S Brian.

6. Debtors

	2026	2025
	£	£
Trade debtors	11,692	9,112
	--------	-------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	6,758	4,801
Corporation tax	–	3,171
Social security and other taxes	9,463	10,229
Other creditors	27,585	28,452
	--------	--------
	43,806	46,653
	--------	--------

8. Fair value reserve

The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:

	2026	2025
	£	£
At start of year	889,652	889,652
Reclassification from fair value reserve to profit and loss account	(225,000)	–
	---------	---------
At end of year	664,652	889,652
	---------	---------

9. Transactions with directors

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S G Brian	–	( 94,638)	94,638	–
	----	--------	--------	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S G Brian	–	( 64,567)	64,567	–
	----	--------	--------	----

During the year, the company incurred interest totalling £697 (2025 - £2,031) in connection with a loan made by Mr S G Brian . The interest charged at 3.5% over the HSBC Bank base rate was unpaid at the year end. The loan is unsecured and there are no scheduled terms of repayment. As the loan is repayable on demand it is included within creditors due within one year