REGISTERED NUMBER: 00456466 (England and Wales)

Lobswood Limited

Unaudited Financial Statements for the Year Ended 5 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Fine (Brother Christopher Mark)

Rev C F Hope (Father Colin)

Rev P F Yates (Father Peter)

REGISTERED OFFICE:

The Monastery

Cuttinglye Lane

Crawley Down

Crawley

West Sussex

RH10 4LH

REGISTERED NUMBER:

00456466 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

982,176

987,782

Investments

5

808,047

947,138

1,790,223

1,934,920

CURRENT ASSETS

Debtors

6

10,348

9,577

Cash at bank

188,207

58,588

198,555

68,165

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

24,835

15,486

NET CURRENT ASSETS

173,720

52,679

TOTAL ASSETS LESS CURRENT LIABILITIES

1,963,943

1,987,599

PROVISIONS FOR LIABILITIES

33,385

54,929

NET ASSETS

1,930,558

1,932,670

CAPITAL AND RESERVES

Called up share capital

8

25

25

Hermitage fund

58,606

58,606

Fair value reserve

9

138,016

205,206

Retained earnings

1,733,911

1,668,833

SHAREHOLDERS' FUNDS

1,930,558

1,932,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

Rev C F Hope (Father Colin) - Director

1.	STATUTORY INFORMATION

Lobswood 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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 fair value of certain assets.

Turnover

Turnover consists of donations, guest house receipts and pensions received in the year.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

10% on cost and 5% on cost

Freehold property is not depreciated. The company does not depreciate assets that retain their value over the period of ownership. This is a departure from the requirements of the FRS102. The directors believe that this departure is required due to the long useful economic life and high residual value of the property. The company has a policy of regular maintenance and repair (charged to the profit and loss account), the asset therefore maintains its value over the period ownership.

Financial instruments

Listed fixed asset investments are measured at fair value as determined by reference to the bid price at the year end. Deferred tax is calculated on the fair value and included in the Profit and Loss Account for the year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 6 April 2024

917,810

194,149

1,111,959

Additions

-

2,394

2,394

At 5 April 2025

917,810

196,543

1,114,353

DEPRECIATION

At 6 April 2024

-

124,177

124,177

Charge for year

-

8,000

8,000

At 5 April 2025

-

132,177

132,177

NET BOOK VALUE

At 5 April 2025

917,810

64,366

982,176

At 5 April 2024

917,810

69,972

987,782

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2024

947,138

Additions

88,391

Disposals

(200,595

)

Revaluations

(26,887

)

At 5 April 2025

808,047

NET BOOK VALUE

At 5 April 2025

808,047

At 5 April 2024

947,138

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

629,992

687,003

Aggregate provisions

(25,624

)

(35,619

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

10,348

9,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

16,404

6,471

Accruals and deferred income

8,431

9,015

24,835

15,486

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

25

Ordinary

£1

25

25

9.

RESERVES

Fair

value

reserve

£

At 6 April 2024

205,206

Transfer of fair value adjustments

(67,190

)

At 5 April 2025

138,016