Lonsdale Properties (Sussex) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13465251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

LONSDALE PROPERTIES (SUSSEX) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C M J Lonsdale

P M Lonsdale

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

13465251 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

4

1,352,400

1,380,000

CURRENT ASSETS

Debtors

5

2,440

-

Cash at bank

35,965

45,821

38,405

45,821

CREDITORS

Amounts falling due within one year

6

34,199

44,149

NET CURRENT ASSETS

4,206

1,672

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,356,606

1,381,672

PROVISIONS FOR LIABILITIES

3,850

10,000

NET ASSETS

1,352,756

1,371,672

CAPITAL AND RESERVES

Called up share capital

1,340,002

Non distributable reserve

7

11,550

30,000

Retained earnings

1,204

1,670

1,352,756

1,371,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 27 October 2026 and were signed on its behalf by:

P M Lonsdale - Director

Mrs C M J Lonsdale - Director

1.	STATUTORY INFORMATION

Lonsdale Properties (Sussex) 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 the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

1,380,000

Revaluations

(27,600

)

At 28 February 2026

1,352,400

NET BOOK VALUE

At 28 February 2026

1,352,400

At 28 February 2025

1,380,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2024

40,000

Valuation in 2026

(27,600

)

Cost

1,340,000

1,352,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Prepayments and accrued income

2,440

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

11,046

16,262

Other creditors

-

3,011

Directors' loan accounts

20,993

22,837

Accrued expenses

2,160

2,039

34,199

44,149

7.

RESERVES

Non

distributable

reserve

£

At 1 March 2025

30,000

Movement on reserves

(18,450

)

At 28 February 2026

11,550

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, P M Lonsdale decreased his loan to the company. As at 28 February 2026, the company owed him £14,693 (2025: £15,812).

Also during the year, Mrs C M J Lonsdale decreased her loan to the company. As at 28 February 2026, the company owed her £6,300 (2025: £7,025).

These balances represent the maximum amounts outstanding during the year and the loans are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Lonsdale & Mrs C M J Lonsdale.

This was by virtue of their 97% holding of the issued share capital.