Company No: 00523132 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	366,168		366,702
Investment property	4	1,451,028		1,527,778
Investments	5	200		200
		1,817,396		1,894,680
Current assets
Debtors	6	246,976		393,553
Cash at bank and in hand		701,782		803,649
		948,758		1,197,202
Creditors: amounts falling due within one year	7	( 563,676)		( 901,942)
Net current assets		385,082		295,260
Total assets less current liabilities		2,202,478		2,189,940
Provision for liabilities		( 68,922)		( 76,209)
Net assets		2,133,556		2,113,731
Capital and reserves
Called-up share capital		75,000		75,000
Revaluation reserve		34,103		29,189
Fair value reserve		598,383		631,998
Profit and loss account		1,426,070		1,377,544
Total shareholder's funds		2,133,556		2,113,731

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Londonderry Administrative Services Limited (registered number: 00523132) were approved and authorised for issue by the Board of Directors on 14 October 2025. They were signed on its behalf by:

10th Marquess of Londonderry Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Londonderry Administrative Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Castle House, Long Street, Sherborne, DT9 3BU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover represents rent charged to tenants and administration fees charged to connected trusts and individuals and are recognised in the period to which they relate.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery etc.	10 - 30 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Other creditors consist of amounts owed to connected trusts and individuals who are not classified as related parties.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 31.03.2025		Period from 01.07.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		6

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	422,799		45,666		468,465
Additions	2,936		728		3,664
Revaluations	5,569		0		5,569
At 31 March 2025	431,304		46,394		477,698
Accumulated depreciation
At 01 April 2024	62,799		38,964		101,763
Charge for the financial year	8,505		1,262		9,767
At 31 March 2025	71,304		40,226		111,530
Net book value
At 31 March 2025	360,000		6,168		366,168
At 31 March 2024	360,000		6,702		366,702

The fair value of the company's freehold land and buildings was revalued on 31 March 2025 by the directors. The valuation was conducted at current open market value. The value of the property has not materially changed since the revaluation date.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £310,646 (2024 - £327,825). The depreciation on this historic cost is £70,649 (2024 - £62,244).

The deferred tax attributable to the freehold property revaluation has been considered and, due to indexation, no tax (2024 - £nil) has been provided for in the financial statements.

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,527,778
Fair value movement	(40,902)
Disposals	(35,848)
As at 31 March 2025	1,451,028

Valuation

Investment properties were last revalued on 31 March 2025 by the directors. The valuation was conducted at current open market value.

Deferred tax of £68,922 (2024: £76,209) has been recognised in the year.

5. Fixed asset investments

Investments in subsidiaries

	31.03.2025
	£
Cost
At 01 April 2024	200
At 31 March 2025	200
Carrying value at 31 March 2025	200
Carrying value at 31 March 2024	200

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Londonderry Property Services Limited	The Castle House, Long Street, Sherborne, Dorset, DT9 3BU, England and Wales	Property ownership and rental	Ordinary	100.00%	100.00%
The Londonderry Collieries Limited	The Castle House, Long Street, Sherborne, Dorset, DT9 3BU, England and Wales	Dormant company	Ordinary	100.00%	100.00%

6. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	424		545
Amounts owed by Group undertakings	241,733		260,571
Other debtors	4,819		132,437
	246,976		393,553

7. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Amounts owed to Group undertakings	100		100
Other creditors	563,576		901,842
	563,676		901,942

8. Related party transactions

Transactions with the entity's directors

Advances

Lord R Stewart

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2024, the balance owed to the director was £151. During the year, £472,207 was advanced to the director, and £472,102 was repaid by the director. At 31 March 2025, the balance owed to the director was £46.

At 1 July 2023, the balance owed to the director was £172. During the year, £321,695 was advanced to the director, and £321,674 was repaid by the director. At 31 March 2024, the balance owed to the director was £151.