Registration number: 06331765

Longstaff Investments Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Longstaff Investments Limited

Company Information

Director

S G Theakston

Registered office

13 Chaucer Road Bedford MK40 2AJ

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Longstaff Investments Limited

Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,303	77,475
Other financial assets	5	2,794,734	1,214,695
		2,797,037	1,292,170
Current assets
Debtors	6	5,235	16,304
Cash at bank and in hand		5,821	2,144
		11,056	18,448
Creditors: Amounts falling due within one year	7	(2,336,135)	(985,458)
Net current liabilities		(2,325,079)	(967,010)
Net assets		471,958	325,160
Capital and reserves
Called up share capital		12,000	12,000
Capital redemption reserve		13,000	13,000
Retained earnings		446,958	300,160
Shareholders' funds		471,958	325,160

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The director of Longstaff Investments Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 15 November 2025
 

.........................................

S G Theakston

Director

Company registration number: 06331765

Longstaff Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 Chaucer Road
Bedford
MK40 2AJ

The principal activity of the company is that of an investment company.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 30 April 2025 and had net assets at that date of £471,958 but with net current liabilities amounting to £2,325,079.

The company's investment portfolio continues to generate dividend income and the company has few fixed overheads. At this date an amount of £1,554,115 was due to the investment broker which, whilst payable on demand, would not be called up for repayment other than from the realisation of the fixed asset investments. Additionally an amount of £775,000 was due to the director who has agreed to not call for repayment until such time as the company has sufficient working capital.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of investment income receivable in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Dividends receivable are recognised when the company becomes legally entitled to the amounts declared and rental income is recognised evenly over the period of the lease or license.

Longstaff Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	3 year straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Investments

The company's portfolio of investments is included in the financial statements at fair value. Changes in fair value are recognised in profit or loss but are not distributable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Longstaff Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Longstaff Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Investment property £	Furniture, fittings and equipment  £	Total £
Cost or fair value
At 1 May 2024	77,475	1,549	79,024
Fair value adjustment	-	-	-
Additions	-	2,859	2,859
Disposals	(77,475)	(1,549)	(79,024)
At 30 April 2025	-	2,859	2,859
Depreciation
At 1 May 2024	-	1,549	1,549
Charge for the year	-	556	556
Eliminated on disposal	-	(1,549)	(1,549)
At 30 April 2025	-	556	556
Carrying amount
At 30 April 2025	-	2,303	2,303
At 30 April 2024	77,475	-	77,475

5	Investments

	2025 £
Investments in quoted securities and derivatives
Fair value
At 1 May 2024	1,214,695
Additions	9,096,793
Disposals	(7,683,576)
Fair value adjustment	166,822
At 30 April 2025	2,794,734

6

Debtors

	2025 £	2024 £
Other debtors	5,235	16,304

7

Creditors

Longstaff Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	2025 £	2024 £
Accruals and deferred income	7,020	6,528
Other creditors	2,329,115	978,930
	2,336,135	985,458