REGISTERED NUMBER: 09972005 (England and Wales)

LULLINGTON DEVELOPMENT SOCIETY

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P P Inzani

M J Martin

J I Mcgillivray

M J Toop

REGISTERED OFFICE:

3rd Floor

Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

09972005 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

3rd Floor

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

5

11,294

11,294

CURRENT ASSETS

Cash at bank

200

200

CREDITORS

Amounts falling due within one year

6

11,766

9,995

NET CURRENT LIABILITIES

(11,566

)

(9,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(272

)

1,499

CREDITORS

Amounts falling due after more than one year

7

7,000

7,000

NET LIABILITIES

(7,272

)

(5,501

)

RESERVES

Other reserves

16,208

16,208

Retained earnings

(23,480

)

(21,709

)

(7,272

)

(5,501

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

J I Mcgillivray - Director

1.	STATUTORY INFORMATION

Lullington Development Society is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Going concern

The financial statements have been prepared on a going concern basis.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

Share capital

The company is incorporated as a private limited company without share capital, and limited by guarantee.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 February 2025

and 31 January 2026

11,294

NET BOOK VALUE

At 31 January 2026

11,294

At 31 January 2025

11,294

Included within the net book value of land and buildings above is £11,294 (2025 - £11,294) in respect of freehold land and buildings.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

9,995

8,320

Accrued expenses

1,771

1,675

11,766

9,995

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans (see note 8)

7,000

7,000

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

7,000

7,000

9.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of a liquidation.

10.	OTHER RESERVES

Other Reserves includes balances which have been transferred from the previous entity "Lullington Development Society" (an unincorporated association).