REGISTERED NUMBER: 05021629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2026

FOR

LIXMERE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Shah

Mrs Anya Shah-Spellward

SECRETARY:

Mrs Anya Shah-Spellward

REGISTERED OFFICE:

211 Kenton Road

Harrow

Middlesex

HA3 0HD

REGISTERED NUMBER:

05021629 (England and Wales)

FIXED ASSETS

Intangible assets

4

2

2

Tangible assets

5

317,257

336,214

Investments

6

192,561

193,201

Investment property

7

2,735,000

2,680,000

3,244,820

3,209,417

CURRENT ASSETS

Debtors

8

3,084,101

3,526,839

Cash at bank

530,241

256,233

3,614,342

3,783,072

CREDITORS

Amounts falling due within one year

9

2,570,980

3,034,849

NET CURRENT ASSETS

1,043,362

748,223

TOTAL ASSETS LESS CURRENT LIABILITIES

4,288,182

3,957,640

PROVISIONS FOR LIABILITIES

48,141

35,641

NET ASSETS

4,240,041

3,921,999

CAPITAL AND RESERVES

Called up share capital

11

100

100

Share premium

14,902

14,902

Fair value reserve

12

679,702

637,202

Retained earnings

3,545,337

3,269,795

SHAREHOLDERS' FUNDS

4,240,041

3,921,999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 21st October 2026 and were signed on its behalf by:

Mrs S Shah - Director

Mrs Anya Shah-Spellward - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

250,002

AMORTISATION

At 1st April 2025

and 31st March 2026

250,000

NET BOOK VALUE

At 31st March 2026

2

At 31st March 2025

2

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2025

and 31st March 2026

438,216

130,624

568,840

DEPRECIATION

At 1st April 2025

145,988

86,638

232,626

Charge for year

8,764

10,193

18,957

At 31st March 2026

154,752

96,831

251,583

NET BOOK VALUE

At 31st March 2026

283,464

33,793

317,257

At 31st March 2025

292,228

43,986

336,214

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2025

193,201

Impairments

(640

)

At 31st March 2026

192,561

NET BOOK VALUE

At 31st March 2026

192,561

At 31st March 2025

193,201

There were fixed charges on one of the unlisted investments in favour of Oaknorth Bank plc but it was removed during the year. The fixed charges were on the distributions from and the interest in the unlisted investment.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

2,680,000

Revaluations

70,000

Impairments

(15,000

)

At 31st March 2026

2,735,000

NET BOOK VALUE

At 31st March 2026

2,735,000

At 31st March 2025

2,680,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2013

(219,429

)

Valuation in 2015

30,000

Valuation in 2016

471,394

Valuation in 2017

(15,000

)

Valuation in 2018

170,000

Valuation in 2019

(40,000

)

Valuation in 2022

60,000

Valuation in 2023

(270,000

)

Valuation in 2025

76,778

Valuation in 2026

55,000

Cost

2,416,257

2,735,000

The investment properties were valued by the directors at their market values.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

49,719

135,363

Other debtors

3,034,382

3,391,476

3,084,101

3,526,839

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

5,660

324

Taxation and social security

114,115

99,360

Other creditors

2,451,205

2,935,165

2,570,980

3,034,849

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other creditors

133,100

209,265

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary Shares

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1st April 2025

637,202

Transfer

42,500

At 31st March 2026

679,702

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

Mrs Anya Shah-Spellward

Balance outstanding at start of year

404

16,802

Amounts advanced

67,943

68,522

Amounts repaid

(65,384

)

(84,920

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,963

404

The outstanding amount was settled after the year end.

14.	RELATED PARTY DISCLOSURES

The company owed a net balance of £130,137 to the directors at the year-end (2025 : £208,861).

During the year, Lixmere Properties Limited undertook the following transactions with another company with common shareholders and directors:

2026

2025

£

£

Loan balance receivable

860,000

860,000

Interest received on related party loan

51,959

37,556

Overhead recharges paid to related party

(68,750

)

(55,000

)

Amount due from/(to) related party at the balance sheet date

860,000

326,491

A director has provided a loan of £125,300 (2025:£188,300) to the company which is secured on certain investment properties.

During the year, the company advanced an interest-free loan of £30,000 to a close family member of a director. The loan was repaid in full after the reporting date.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Anya Shah-Spellward.