REGISTERED NUMBER: 10010567 (England and Wales)

Unaudited Financial Statements for the Year Ended 27 February 2026

for

Laine Lex Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E J Mccormick

Dr A M E Oliver

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

10010567 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

1,508

789

Investment property

5

670,000

595,635

671,508

596,424

CURRENT ASSETS

Debtors

6

-

270

Cash at bank

16,911

69,872

16,911

70,142

CREDITORS

Amounts falling due within one year

7

175,734

247,241

NET CURRENT LIABILITIES

(158,823

)

(177,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

512,685

419,325

CREDITORS

Amounts falling due after more than one year

8

(148,333

)

(155,969

)

PROVISIONS FOR LIABILITIES

(13,443

)

-

NET ASSETS

350,909

263,356

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

350,809

263,256

350,909

263,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 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 19 September 2026 and were signed on its behalf by:

Mrs E J Mccormick - Director

1.	STATUTORY INFORMATION

Laine Lex Properties Ltd 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.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 28 February 2025

3,179

Additions

1,485

At 27 February 2026

4,664

DEPRECIATION

At 28 February 2025

2,390

Charge for year

766

At 27 February 2026

3,156

NET BOOK VALUE

At 27 February 2026

1,508

At 27 February 2025

789

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 28 February 2025

595,635

Revaluations

74,365

At 27 February 2026

670,000

NET BOOK VALUE

At 27 February 2026

670,000

At 27 February 2025

595,635

Fair value at 27 February 2026 is represented by:

£

Valuation in 2026

74,365

Cost

595,635

670,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.26

27.2.25

£

£

Other debtors

-

270

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.26

27.2.25

£

£

Bank loans and overdrafts

6,000

6,000

Taxation and social security

6,416

18,566

Other creditors

163,318

222,675

175,734

247,241

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.2.26

27.2.25

£

£

Bank loans

148,333

155,969

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

124,333

131,969

9.	SECURED DEBTS

The following secured debts are included within creditors:

27.2.26

27.2.25

£

£

Bank loans

154,333

161,969

Onesavings Bank PLC registered a charge created 7 July 2016 over the property 11 Baileys Road, Southsea, Hampshire, PO5 1EA, title number HP545422.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party