LONG INVESTMENTS LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

LONG INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08255872 . The registered office is c/o Summit Bookkeeping Ltd, Bryn Awel, Brithdir, Dolgellau, Gwynedd, LL40 2RR.

The presentation currency is £ sterling.

The principal activity of the company is that of property development and investment.

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment properties.

2.2. Going Concern Disclosure

The Statement of Financial Position shows Net Current Liabilities amounting to £411,013 at 31 October 2025 (2024: £855,815). Included in Note 6 to the Financial Statements - 'Creditors: Amounts Falling Due Within One Year' - are director and shareholder loans totalling £383,445 at 31 October 2025 (2024: £652,969). The directors and shareholder have pledged not to demand repayment of their loans which together with the long-term mortgage finance, allows the company to maintain its cashflow and meet its liabilities as they fall due. After making enquiries the directors have a reasonable expectation that the company has sufficient working capital to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.

During the year, turnover represents rents received and associated income from the company's investment properties.

2.4. 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:

Furniture & Fittings

over 10 years

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.6. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the Statement of Financial Position. Finance costs and gains or losses relating to financial liabilities are included in the Statement of Income and Retained Earnings. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any items meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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LONG INVESTMENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.8. Borrowings

Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing

borrowings are subsequently carried at amortised cost with the difference between the proceeds, net of

transaction costs, and the amount due on redemption being recognised as a charge to the Statement of

Income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest

payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer

settlement of the liability for at least 12 months after the reporting date.

2.9. Related Party Disclosures

For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly through one or more intermediaries, to control the

company or exercise significant influence over the company in making financial and operating policy decisions

or has joint control over the company;

(ii) the company and the party are subject to common control;

(iii) the party is an associate of the company or a joint venture in which the company is a venturer;

(iv) the party is a member of key management personnel of the company or a close family member of such

an individual or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) above or is an entity under the control,

joint control or significant influence of such individuals;

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of

any entity that is a related party of the company; or

(vii) the party or any member of a group of which it is part, provides key management personnel services to

the company.

Close family members of an individual are those family members who may be expected to influence or be influenced by that individual in their dealings with the entity.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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LONG INVESTMENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Furniture & Fittings
	£
Cost or Valuation
As at 1 November 2024	12,085
Additions	2,964

As at 31 October 2025	15,049

Depreciation
As at 1 November 2024	2,911
Provided during the period	1,501

As at 31 October 2025	4,412

Net Book Value
As at 31 October 2025	10,637

As at 1 November 2024	9,174

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	1,342,320
Additions	32,545
Fair value adjustments	65,135

As at 31 October 2025	1,440,000

The company's investment properties are stated at fair value at 31 October 2025. The directors have performed a valuation of the properties and have determined their total fair value to be £1,440,000 (2025: £1,342,320). In assessing the fair value of the properties, the directors have utilised their extensive knowledge of the local property market taking into consideration the current condition and tenancy profiles of the portfolio.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	500	1,328
Shareholder's Loan	318,550	565,550
Other property loans	-	170,001
Accruals and deferred income	43,572	61,409
Directors' loan accounts	64,895	87,419

	427,517	885,707

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LONG INVESTMENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans and mortgages	785,099	306,243

Bank loans and mortgages are structured on an interest-only basis, with the entire principal balance falling due for repayment upon maturity. At 31 October 2025, bank loans and mortgages are wholly repayable after more than five years. The aggregate amount of liabilities falling due after more than five years is £785,099 (2024: £306,243).

The mortgage loans are fully secured by way of a first legal charge over the specific investment properties to which they relate. The total carrying value of the investment properties pledged as security at 31 October 2025 is shown in Note 5 to the Financial Statements.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Income Statement
	£
As at 1 November 2024	157,401
Profit for the year and total comprehensive income	56,309

As at 31 October 2025	213,710

Included in Reserves at 31 October 2025 is an undistributable amount of £201,402 (2024: £144,922) arising from the unrealised revaluation of investment properties.

10. Related Party Transactions

Included in Note 6 to the Financial Statements - 'Creditors: Amounts Falling Due Within One Year' - are the following amounts owed by the company at 31 October 2025:

Amounts owed to the directors: £64,895 (2024: £87,419)

The above loans are unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,637		9,174
Investment Properties	5		1,440,000		1,342,320

			1,450,637		1,351,494
CURRENT ASSETS
Cash at bank and in hand		16,504		29,892

		16,504		29,892
Creditors: Amounts Falling Due Within One Year	6	(427,517 )		(885,707 )

NET CURRENT ASSETS (LIABILITIES)			(411,013 )		(855,815 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,039,624		495,679

Creditors: Amounts Falling Due After More Than One Year	7		(785,099 )		(306,243 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(40,715 )		(31,935 )

NET ASSETS			213,810		157,501

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			213,710		157,401

SHAREHOLDERS' FUNDS			213,810		157,501