ACCOUNTS - Final Accounts preparation

Registered number: 12104794

LONDON AND BIRMINGHAM PROPERTY CO LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

LONDON AND BIRMINGHAM PROPERTY CO LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5

LONDON AND BIRMINGHAM PROPERTY CO LTD

REGISTERED NUMBER: 12104794

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Stocks		3,754,695		3,768,383
Debtors: amounts falling due within one year	5	113,485		121,462
Cash at bank and in hand		708,597		543,825
		4,576,777		4,433,670
Creditors: amounts falling due within one year	6	(72,333)		(3,291,992)
Net current assets			4,504,444		1,141,680
Total assets less current liabilities			4,504,444		1,141,680
Creditors: amounts falling due after more than one year	7		(1,000,000)		(1,000,000)

Net assets			3,504,444		141,680

Capital and reserves
Called up share capital	100	100
Profit and loss account	3,504,344	141,580
	3,504,444	141,680

Page 1

LONDON AND BIRMINGHAM PROPERTY CO LTD

REGISTERED NUMBER: 12104794

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2026.

D H G Smith

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

London and Birmingham Property Co Ltd (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Milestone House, Shallowford Court, Henley in Arden, Warwickshire, B95 5BY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover is the total amount receivable by the company for properties and leases sold during the period and are recognised on completion.

Rental income is recognised on a receivable basis.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Stocks

Stocks are stated at the lower of cost and realisable value and consist of properties.

Page 3

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

4.	Exceptional income

This represents the amounts of loans waived by fellow group members.

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	2,437	1,634
Other debtors	111,048	119,828
	113,485	121,462

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Amounts owed to group undertakings	-	3,230,658
Corporation tax	41,277	27,990
Other taxation and social security	11,887	15,422
Other creditors	16,169	14,922
Accruals and deferred income	3,000	3,000
	72,333	3,291,992

Page 4

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Bank loans	1,000,000	1,000,000

The bank loan is secured on certain properties held by the company.

8.	Ultimate parent company

The company is a wholly owned subsidiary of London and Birmingham Property Holdings Limited, a company registered in England and Wales.

Page 5