REGISTERED NUMBER: 00302087 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LONDON LENDING LIBRARY (DURHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G P C Williams

R K Dore

J P Rudd

SECRETARY:

R K Dore

REGISTERED OFFICE:

Rudland House

Railway Street

Bishop Auckland

Co. Durham

DL14 7LR

REGISTERED NUMBER:

00302087 (England and Wales)

SOLICITORS:

Hewitts

207 Newgate Street

Bishop Auckland

County Durham

DL14 7EL

FIXED ASSETS

Investment property

4

396,006

391,000

CURRENT ASSETS

Debtors

5

7,588

953

Cash at bank

52,780

137,773

60,368

138,726

CREDITORS

Amounts falling due within one year

6

15,143

52,342

NET CURRENT ASSETS

45,225

86,384

TOTAL ASSETS LESS CURRENT LIABILITIES

441,231

477,384

PROVISIONS FOR LIABILITIES

5,597

5,847

NET ASSETS

435,634

471,537

CAPITAL AND RESERVES

Called up share capital

20,400

20,400

Fair value reserve

241,981

242,731

Retained earnings

173,253

208,406

SHAREHOLDERS' FUNDS

435,634

471,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 September 2025 and were signed on its behalf by:

M G P C Williams - Director

1.	STATUTORY INFORMATION

London Lending Library (Durham) 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 rental income from the letting of freehold investment property along with recharges of insurance and other items to tenants.

Rental income is recognised in the period to which it relates. Debtors or creditors are provided at the year end to account for the relevant proportion of rent received in arrears or in advance.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss for the year and included in the fair value reserve on the balance sheet. Investment properties are not depreciated.

Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

391,000

Additions

6,006

Revaluations

(1,000

)

At 31 March 2025

396,006

NET BOOK VALUE

At 31 March 2025

396,006

At 31 March 2024

391,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

396,006

If freehold investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

148,428

142,422

Freehold investment property was valued on an open market basis on 3 February 2023 by Carver Commercial Chartered Surveyors .

Apart from one property which the directors have revalued, the directors consider that the valuations obtained in 2023 are realistic.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,569

171

G W Rudd Limited

5,019

-

Prepayments and accrued income

-

782

7,588

953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

711

Social security and other taxes

2,138

1,970

Amounts owed to related companies - GW Rudd Limited

-

37,337

Accruals and deferred income

13,005

12,324

15,143

52,342

7.	RELATED PARTY DISCLOSURES

A number of shareholders of this company, including the directors, also have interests in the shares of the companies referred to below.

Amounts due from related parties:

G W Rudd Limited - £5,019 (2024 - £NIL)

Amounts due to related parties:

G W Rudd Limited - £NIL (2024 - £37,337)

No interest is payable on the above balances and there are no set repayment terms.

8.	POST BALANCE SHEET EVENTS

Subsequent to the company's financial year end, the company's investment property at Spennymoor was sold for £210,000. This equates with that property's carrying value in the accounts.