Old Lambeth Walk Development Trust

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03784474

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		600,000		600,000

			600,000		600,000
CURRENT ASSETS
Cash at bank and in hand		261,025		272,372

		261,025		272,372
Creditors: Amounts Falling Due Within One Year	5	(11,189 )		(12,161 )

NET CURRENT ASSETS (LIABILITIES)			249,836		260,211

TOTAL ASSETS LESS CURRENT LIABILITIES			849,836		860,211

PROVISIONS FOR LIABILITIES
Provisions For Charges			(205,359 )		(215,734 )

NET ASSETS			644,477		644,477

RESERVES
Revaluation reserve	6		599,999		599,999
Income and Expenditure Account			44,478		44,478

MEMBERS' FUNDS			644,477		644,477

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Old Lambeth Walk Development Trust

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Richard Cordery

Director

15th October 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Old Lambeth Walk Development Trust is a private company, limited by guarantee, incorporated in England & Wales, registered number 03784474 . The registered office is 2 Bedlan Mews, Walnut Tree Walk, London, SE11 6DF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

No depreciation

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 July 2025	600,000

As at 30 June 2026	600,000

Net Book Value
As at 30 June 2026	600,000

As at 1 July 2025	600,000

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Old Lambeth Walk Development Trust

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Cost or valuation as at 30 June 2026 represented by:

	Land & Property
	Freehold
	£
At cost	600,000

	600,000

The property was originally recorded at historic cost of £1. During the year, the directors elected to adopt the revaluation model under FRS 102 Section 17. The property was revalued to its market value of £600,000 as at 11th June 2025, as determined by an independent professional valuation conducted by Maunder Taylor, a qualified property chartered surveyor.

The revaluation surplus of £599,999 has been credited to the revaluation reserve. The directors consider that this treatment provides a true and fair view of the company’s financial position.

Had the cost model been applied, the carrying amount of the property at the reporting date would have been £1.

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	4,125	4,125
Rent deposits held	7,064	8,036

	11,189	12,161

6. Reserves

	Revaluation reserve	Income and Expenditure Account
	£	£
As at 1 July 2025	599,999	44,478
Profit for the year and total comprehensive income	-	-

As at 30 June 2026	599,999	44,478

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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