Registration number: 00080205

Livingston & Doughty Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Livingston & Doughty Limited

Company Information

Director

P. B. D. Murray

Registered office

17 Mandervell Road Oadby Leicester LE2 5LR

Accountants

Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Livingston & Doughty Limited

(Registration number: 00080205)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,773,289	1,801,231
Investment property	5	515,531	515,531
		2,288,820	2,316,762
Current assets
Stocks	6	32,920	42,936
Debtors	7	71,674	72,031
Investments	8	219,332	208,323
Cash at bank and in hand		197,450	205,220
		521,376	528,510
Creditors: Amounts falling due within one year	9	(46,206)	(50,006)
Net current assets		475,170	478,504
Total assets less current liabilities		2,763,990	2,795,266
Provisions for liabilities		(267,174)	(277,384)
Net assets		2,496,816	2,517,882
Capital and reserves
Called up share capital	10	13,777	13,777
Capital redemption reserve		11,166	11,166
Revaluation reserve		1,464,226	1,475,516
Retained earnings		1,007,647	1,017,423
Shareholders' funds		2,496,816	2,517,882

Livingston & Doughty Limited

(Registration number: 00080205)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2026
 

......................................... P. B. D. Murray Director

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
17 Mandervell Road
Oadby
Leicester
LE2 5LR

These financial statements were authorised for issue by the director on 7 August 2026.

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.

Going concern

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

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 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.

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in the profit and loss account, 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.

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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	Not depreciated
Buildings	2% straight line
Fixtures, fittings and equipment	20% reducing balance
Motor vehicles	25% reducing balance
Plant and machinery	15% straight line

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and goods for resale comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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. Trade creditors 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.

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 6 (2024 - 6).

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Freehold property £	Fixtures, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	1,800,000	206,137	22,490	105,665	2,134,292
At 31 December 2025	1,800,000	206,137	22,490	105,665	2,134,292
Depreciation
At 1 January 2025	23,000	205,297	9,839	94,925	333,061
Charge for the year	23,000	168	3,163	1,611	27,942
At 31 December 2025	46,000	205,465	13,002	96,536	361,003
Carrying amount
At 31 December 2025	1,754,000	672	9,488	9,129	1,773,289
At 31 December 2024	1,777,000	840	12,651	10,740	1,801,231

The fair value of the company's freehold property was revalued by the directors on 31 December 2023. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £185,796 (2024 - £197,506).

5	Investment properties

	2025 £
At 1 January 2025	515,531
At 31 December 2025	515,531

The investment property is shown at cost; the director believes that this is a fair reflection of the open market value. There has been no valuation of investment property by an independent valuer.

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	32,920	42,936

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	49,394	57,915
Other debtors	22,280	14,116
	71,674	72,031

8	Current asset investments

	2025 £	2024 £
Other investments	219,332	208,323

Listed investments

Investments having a net book value of £219,332 (31 December 2024 - £208,323) are listed on a recognised stock exchange and had a market value of £219,332 at the end of the year (31 December 2024 - £208,323).

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	10,607	6,124
Taxation and social security	15,442	15,018
Accruals and deferred income	14,395	27,730
Other creditors	5,762	1,134
	46,206	50,006

Livingston & Doughty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	1,904	1,904	1,904	1,904
Ordinary B shares of £1 each	11,873	11,873	11,873	11,873
	13,777	13,777	13,777	13,777

11	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
P. B. D. Murray
Director's loan account	337	51,311	(50,304)	1,344

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
P. B. D. Murray
Director's loan account	286	3,559	(3,508)	337

The company authorised an unsecured, interest-free loan to the director totalling £1,344 (2024 - £337). The loan was still outstanding at the year end and will be repaid after date.