REGISTERED NUMBER: 00302087 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LONDON LENDING LIBRARY (DURHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G P C Williams

R K Dore

SECRETARY:

R K Dore

REGISTERED OFFICE:

Rudland House

Railway Street

Bishop Auckland

Co. Durham

DL14 7LR

REGISTERED NUMBER:

00302087 (England and Wales)

SOLICITORS:

Hewitts

207 Newgate Street

Bishop Auckland

County Durham

DL14 7EL

FIXED ASSETS

Investment property

4

175,000

396,006

CURRENT ASSETS

Debtors

5

25,352

7,588

Cash at bank

212,948

52,780

238,300

60,368

CREDITORS

Amounts falling due within one year

6

17,390

15,143

NET CURRENT ASSETS

220,910

45,225

TOTAL ASSETS LESS CURRENT LIABILITIES

395,910

441,231

PROVISIONS FOR LIABILITIES

7

-

5,597

NET ASSETS

395,910

435,634

CAPITAL AND RESERVES

Called up share capital

20,400

20,400

Fair value reserve

88,885

241,981

Retained earnings

286,625

173,253

SHAREHOLDERS' FUNDS

395,910

435,634

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.

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 4 September 2026 and were signed on its behalf by:

M G P C Williams - Director

1.	STATUTORY INFORMATION

London Lending Library (Durham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income from the letting of freehold investment property along with recharges of insurance and other items to tenants.

Rental income is recognised in the period to which it relates. Debtors or creditors are provided at the year end to account for the relevant proportion of rent received in arrears or in advance.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss for the year and included in the fair value reserve on the balance sheet. Investment properties are not depreciated.

Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

396,006

Disposals

(240,000

)

Revaluations

18,994

At 31 March 2026

175,000

NET BOOK VALUE

At 31 March 2026

175,000

At 31 March 2025

396,006

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

175,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

86,115

148,428

Freehold investment property was valued on an open market basis on 29 April 2026 by Carver Commercial Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

450

2,569

G W Rudd Limited

24,902

5,019

25,352

7,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Social security and other taxes

581

2,138

Accruals and deferred income

16,809

13,005

17,390

15,143

7.	PROVISIONS FOR LIABILITIES

Provisions for liabilities reflects the deferred tax provision in connection with the revalued investment property.

The provision is calculated on the difference between the property's value and it's base cost for capital gains tax purposes. Indexation allowance to 31 December 2017 has also been taken into account. Where there is an inherent capital gain, a deferred tax provision has been made at a rate of 19%.

8.	RELATED PARTY DISCLOSURES

A number of shareholders of this company, including the directors, also have interests in the shares of the company referred to below.

Amount due from related party:

G W Rudd Limited - £24,902 (2025 - £5,019)

No interest is payable on the above balances and there are no set repayment terms.

9.	POST BALANCE SHEET EVENTS

After the financial year end but before the accounts were formally approved, the board of directors approved the payment of a special dividend of £2.50 per share, resulting in a total dividend payment of £51,000.