REGISTERED NUMBER: 00972835 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Lytton Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Lady M F Cobbold

Lord H F Cobbold

The Hon. E S F Lytton Cobbold

REGISTERED OFFICE:

Estate Office Knebworth House

Old Knebworth

Knebworth

Hertfordshire

SG3 6PY

REGISTERED NUMBER:

00972835 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Unit 1B

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

FIXED ASSETS

Tangible assets

3

575,530

669,780

Investments

4

500,000

500,000

1,075,530

1,169,780

CURRENT ASSETS

Stocks

55,354

55,221

Debtors

5

230,760

155,508

Cash in hand

2,344

5,640

288,458

216,369

CREDITORS

Amounts falling due within one year

6

662,741

567,531

NET CURRENT LIABILITIES

(374,283

)

(351,162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

701,247

818,618

CREDITORS

Amounts falling due after more than one year

7

-

(3,307

)

PROVISIONS FOR LIABILITIES

(16,486

)

(21,532

)

NET ASSETS

684,761

793,779

CAPITAL AND RESERVES

Called up share capital

66,000

66,000

Share premium

65,000

65,000

Revaluation reserve

115,334

115,334

Retained earnings

438,427

547,445

684,761

793,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Lord H F Cobbold - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - Not depreciated

Short-term leasehold property - Straight line basis over the terms of the leases

Plant and machinery - 25%

Motor vehicles - 25%

Fixtures and fittings - 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss.

It is the policy of the company not to provide depreciation on freehold property. The property is maintained to a high standard and the directors consider that the life of the property is so long and that the residual value is so great that the depreciation is not considered material.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilites

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2025 - 52 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

131,600

3,565,263

3,696,863

Additions

-

27,850

27,850

At 28 February 2026

131,600

3,593,113

3,724,713

DEPRECIATION

At 1 March 2025

-

3,027,083

3,027,083

Charge for year

-

122,100

122,100

At 28 February 2026

-

3,149,183

3,149,183

NET BOOK VALUE

At 28 February 2026

131,600

443,930

575,530

At 28 February 2025

131,600

538,180

669,780

Included within land and buildings is £131,600 in respect of freehold property. The freehold property is stated at cost of acquisition and no depreciation is provided in this respect.

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

28/2/26

28/2/25

£

£

Other fixed asset investments

500,000

500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Trade debtors

24,190

1,871

Other debtors

149,752

94,384

Prepayments and accrued income

56,818

59,253

230,760

155,508

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans and overdrafts

209,651

18,481

Trade creditors

135,458

103,488

Tax

-

13,571

Social security and other taxes

20,789

10,072

Sundry Creditors and Accruals

296,843

421,919

662,741

567,531

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans - 1-2 years

-

3,307

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28/2/26

28/2/25

£

£

Within one year

55,056

55,056

Between one and five years

220,224

220,224

In more than five years

746,584

801,640

1,021,864

1,076,920

9.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/26

28/2/25

£

£

Bank overdrafts

206,114

7,833

The bank overdrafts are secured by a fixed and floating charge over the company's assets.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £94,058 to Lytton Land Limited. This balance can be found within creditors due within one year. No interest is being charged on these balances.

At the balance sheet date the company was owed £95,964 by Knebworth House Education and Preservation Trust, £53,299 by Knebworth Estates, £395 by Lodge Farm Partnership and £77 by Cobbold Land Limited. These balances can be found within debtors due within one year. No interest is being charged on this balance.