Registration number: 03208839

Lancashire Industrial and Commercial Services Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Lancashire Industrial and Commercial Services Limited

Balance Sheet
30 November 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	180,000	170,000
Other financial assets	6	123,071	117,900
		303,071	287,900
Current assets
Stocks	7	112,615	112,615
Debtors	8	1,519	1,519
Cash at bank and in hand		95,244	60,475
		209,378	174,609
Creditors: Amounts falling due within one year	9	(31,637)	(30,652)
Net current assets		177,741	143,957
Total assets less current liabilities		480,812	431,857
Provisions for liabilities		(18,681)	(16,781)
Net assets		462,131	415,076
Capital and reserves
Called up share capital		100	100
Other reserves		79,640	71,540
Retained earnings		382,391	343,436
Shareholders' funds		462,131	415,076

For the financial year ending 30 November 2025 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 accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Lancashire Industrial and Commercial Services Limited

Balance Sheet
30 November 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2026
 

......................................... Mr J B Nuttall Director

Company Registration Number: 03208839

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Garden Flat
62 Marlborough Place
London
NW8 0PL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight-line
Office equipment	25% straight-line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock represents land for development and this is valued at the lower of cost and net realisable value. Cost includes are direct costs in relation to the land.

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

Trade creditors

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 the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Joint arrangements

A joint arrangement exists whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. The investor is required to recognise on a line-by-line basis, its share of the underlying assets, liabilities, revenues and expenditure.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2024 - 1).

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

4	Tangible assets

	Fixtures and fittings £	Other tangible assets  £	Total £
Cost or valuation
At 1 December 2024	1,198	2,499	3,697
Disposals	(1,198)	(2,499)	(3,697)
At 30 November 2025	-	-	-
Depreciation
At 1 December 2024	1,198	2,499	3,697
Eliminated on disposal	(1,198)	(2,499)	(3,697)
At 30 November 2025	-	-	-
Carrying amount
At 30 November 2025	-	-	-

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

5	Investment properties

	2025 £
At 1 December	170,000
Fair value adjustments	10,000
At 30 November	180,000

If the investment property had not been revalued, it would have been included at its historical cost of £81,679.
The investment property was valued on an open market value basis on 30 November 2025 by the director.
The value included above is 50% of the total value of the property as it is jointly owned.

There has been no valuation of investment property by an independent valuer.

	£
Cost	81,679
Revaluation in 2018	13,321
Revaluation in 2019	10,000
Revaluation in 2020	20,000
Revaluation in 2021	15,000
Revaluation in 2022	10,000
Revaluation in 2023	10,000
Revaluation in 2024	10,000
Revaluation in 2025	10,000
Total	180,000

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 December 2024	117,900	117,900
Fair value adjustments	5,171	5,171
At 30 November 2025	123,071	123,071
Impairment
Carrying amount
At 30 November 2025	123,071	123,071

7

Stocks

	2025 £	2024 £
Other inventories	112,615	112,615

8

Debtors

Current	2025 £	2024 £
Trade debtors	1,519	1,519
	1,519	1,519

Lancashire Industrial and Commercial Services Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	7,925	4,896
Accruals and deferred income	3,136	5,609
Other creditors	20,576	20,147
	31,637	30,652

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Other reserves £	Retained earnings £
Other comprehensive income	8,100	(8,100)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Other reserves £	Retained earnings £
Other comprehensive income	8,100	(8,100)