Long Acre Land Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Long Acre Land Limited

(Registration number: 06437291)
Statement of Financial Position as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	270,000	270,000
Other financial assets	5	12,194,384	7,178,910
		12,464,384	7,448,910
Current assets
Cash at bank and in hand		9,890	193,585
Creditors: Amounts falling due within one year	6	(173,679)	(101,929)
Net current (liabilities)/assets		(163,789)	91,656
Total assets less current liabilities		12,300,595	7,540,566
Provisions for liabilities		(911,157)	(183,739)
Net assets		11,389,438	7,356,827
Capital and reserves
Called up share capital		20,322	20,322
Share premium reserve		20,321	20,321
Revaluation reserve		5,952,377	1,867,992
Profit and loss account		5,396,418	5,448,192
Shareholders' funds		11,389,438	7,356,827

For the financial year ending 5 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 1 September 2026 and signed on its behalf by:
 

H A Thomas Director

Long Acre Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

1	General information

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

The address of its registered office is:
7 Castle Street
Bridgwater
Somerset
TA6 3DD

Principal activity

The principal activity of the company is holding of Investments

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.

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

Long Acre Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026 (continued)

2	Accounting policies (continued)

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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.

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.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. 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 profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Long Acre Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Investment properties

	2026 £
At 6 April	270,000
At 5 April	270,000

Fair value is based on a professional valuation as at 5 april 2025.

Long Acre Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026 (continued)

5	Other financial assets (current and non-current)

	Listed Investments £	Coins £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2025	2,870,687	4,308,223	7,178,910
Fair value adjustments	2,909,671	-	2,909,671
Fair value adjustments - coins	-	1,902,132	1,902,132
Additions	1,338,044	-	1,338,044
Disposals	(641,059)	(493,314)	(1,134,373)
At 5 April 2026	6,477,343	5,717,041	12,194,384
Impairment
Carrying amount
At 5 April 2026	6,477,343	5,717,041	12,194,384

The historic cost of the investments is £2,832,717 (2025: £2,135,731)

The historic cost of the coins is £2,493,410 (2025: £2,986,724)

Long Acre Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	167,279	100,454
Accruals and deferred income	1,901	1,475
Other creditors	4,499	-
	173,679	101,929

7

Reserves

Revaluation Reserve:

This reserve records balances on revalued investments and investment properties, less deferred tax relating to these revaluations. At 5 April 2026 there was a balance of £5,952,377 (2025: £1,867,992) being gains on investments of £6,868,261 (2025: £2,056,455) and losses on investment properties of £4,727 (2025: £4,727) less a deferred tax provision of £911,157 (2025: £183,739).

Profit and loss account:

This reserve records other retained earnings and accumulated losses.