Lytton Land Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10609649 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Lytton Land Limited

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

The Hon. E S F Lytton Cobbold

Lord H F Cobbold

Lady M F Cobbold

REGISTERED OFFICE:

Estate Office Knebworth House

Old Knebworth

Knebworth

United Kingdom

SG3 6PY

REGISTERED NUMBER:

10609649 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Unit 1B

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

TURNOVER

70,051

69,317

Administrative expenses

74,633

69,392

(4,582

)

(75

)

Other operating income

1,171

1,417

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(3,411

)

1,342

Tax on (loss)/profit

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(3,411

)

1,342

FIXED ASSETS

Tangible assets

4

2,454,911

2,279,411

CURRENT ASSETS

Debtors

5

108,007

112,777

Cash at bank

21,506

22,431

129,513

135,208

CREDITORS

Amounts falling due within one year

6

200,851

27,635

NET CURRENT (LIABILITIES)/ASSETS

(71,338

)

107,573

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,383,573

2,386,984

PROVISIONS FOR LIABILITIES

475,000

NET ASSETS

1,908,573

1,911,984

CAPITAL AND RESERVES

Called up share capital

1,000

Capital contribution reserve

1,525,000

Retained earnings

382,573

385,984

1,908,573

1,911,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by:

The Hon. E S F Lytton 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

Tangible assets consist solely of land, which is not depreciated in the financial statements.

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	PRIOR YEAR ADJUSTMENT

The comparative figures have been restated to reclassify the revaluation reserve as a capital contribution reserve representing the market value of the assets on the date they were introduced into the company.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2025

2,279,411

Additions

175,500

At 31 March 2026

2,454,911

NET BOOK VALUE

At 31 March 2026

2,454,911

At 31 March 2025

2,279,411

On 22nd March 2017, the principal land was revalued to £2,000,000 on a market value basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

as

restated

£

Trade debtors

3,017

3,944

Other debtors

99,990

103,833

Prepayments and accrued income

5,000

108,007

112,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

as

restated

£

Trade creditors

1,340

3,494

VAT

575

980

Sundry Creditors and Accruals

198,936

23,161

200,851

27,635

7.	LEASING AGREEMENTS

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

31/3/26

31/3/25

as

restated

£

Within one year

20,000

Between one and five years

80,000

In more than five years

22,356

42,356

122,356

142,356

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £192,866 to Knebworth Estates and £270 to Cobbold Land Limited. This balance can be found within creditors due within one year. No interest is being charged on this balance.

At the balance sheet date the company was owed £91,990 by Lytton Enterprises Limited and £8,000 by Lodge Farm Partnership. These balances can be found within debtors due within one year. No interest is being charged on these balances.