| Lambton House Ltd |
|
| Report to the directors on the preparation of the unaudited statutory accounts of Lambton House Ltd for the year ended 31 March 2026 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lambton House Ltd for the year ended 31 March 2026 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
| 1st Cloud Accountants |
| 1st Cloud Accountants |
| Chartered Certified Accountants |
| Analysis House |
| 117-119 Sea Road |
| Fulwell, Sunderland |
| Tyne & Wear |
| SR6 9EQ |
|
| 17 September 2026 |
|
| Lambton House Ltd |
| Registered number: |
08299024 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
3,061,969 |
|
|
3,130,282 |
|
| Current assets |
| Stocks |
|
|
3,759 |
|
|
5,282 |
| Debtors |
5 |
|
165,091 |
|
|
174,534 |
| Cash at bank and in hand |
|
|
366,981 |
|
|
215,408 |
|
|
|
535,831 |
|
|
395,224 |
|
| Creditors: amounts falling due within one year |
6 |
|
(2,041,077) |
|
|
(656,793) |
|
| Net current liabilities |
|
|
|
(1,505,246) |
|
|
(261,569) |
|
| Total assets less current liabilities |
|
|
|
1,556,723 |
|
|
2,868,713 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(1,527,535) |
|
| Provisions for liabilities |
|
|
|
(13,677) |
|
|
(22,174) |
|
|
| Net assets |
|
|
|
1,543,046 |
|
|
1,319,004 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,542,946 |
|
|
1,318,904 |
|
| Shareholders' funds |
|
|
|
1,543,046 |
|
|
1,319,004 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Richard Coltman |
| Director |
| Approved by the board on 17 September 2026 |
|
| Lambton House Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 100 years straight line |
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
66 |
|
66 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2025 |
120,000 |
|
At 31 March 2026 |
120,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2025 |
120,000 |
|
At 31 March 2026 |
120,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill has now been amortised and was written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
3,432,625 |
|
531,678 |
|
3,964,303 |
|
Additions |
- |
|
12,324 |
|
12,324 |
|
Disposals |
- |
|
(363,253) |
|
(363,253) |
|
At 31 March 2026 |
3,432,625 |
|
180,749 |
|
3,613,374 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
391,039 |
|
442,982 |
|
834,021 |
|
Charge for the year |
34,326 |
|
15,907 |
|
50,233 |
|
On disposals |
- |
|
(332,849) |
|
(332,849) |
|
At 31 March 2026 |
425,365 |
|
126,040 |
|
551,405 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
3,007,260 |
|
54,709 |
|
3,061,969 |
|
At 31 March 2025 |
3,041,586 |
|
88,696 |
|
3,130,282 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
150,497 |
|
164,162 |
|
Other debtors |
14,594 |
|
10,372 |
|
|
|
|
|
|
165,091 |
|
174,534 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
1,537,284 |
|
67,604 |
|
Directors Loan Account |
61,358 |
|
180,993 |
|
Trade creditors |
55,746 |
|
54,550 |
|
Taxation and social security costs |
168,069 |
|
72,436 |
|
Other creditors |
218,620 |
|
281,210 |
|
|
|
|
|
|
2,041,077 |
|
656,793 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
- |
|
1,527,535 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,537,285 |
|
1,595,139 |
|
|
|
|
|
|
|
|
|
|
As at the reporting date, the company has three outstanding charges registered against its assets. These consist of two secured bank loans from NatWest / Royal Bank of Scotland, and finance from Sixty One Finance Limited secured against Lambton House Residential Care Home. |
|
|
| 9 |
Other information |
|
|
Lambton House Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Analysis House |
|
117 - 119 Sea Road |
|
Fulwell |
|
Sunderland |
|
SR6 9EQ |