IRIS Accounts Production v23.4.0.336 11972460 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119724602022-05-31119724602023-05-31119724602022-06-012023-05-31119724602021-05-31119724602021-06-012022-05-31119724602022-05-3111972460ns15:EnglandWales2022-06-012023-05-3111972460ns14:PoundSterling2022-06-012023-05-3111972460ns10:Director12022-06-012023-05-3111972460ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111972460ns10:SmallEntities2022-06-012023-05-3111972460ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111972460ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111972460ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3111972460ns10:FullAccounts2022-06-012023-05-3111972460ns10:OrdinaryShareClass12022-06-012023-05-3111972460ns10:Director22022-06-012023-05-3111972460ns10:RegisteredOffice2022-06-012023-05-3111972460ns5:CurrentFinancialInstruments2023-05-3111972460ns5:CurrentFinancialInstruments2022-05-3111972460ns5:ShareCapital2023-05-3111972460ns5:ShareCapital2022-05-3111972460ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3111972460ns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3111972460ns5:RetainedEarningsAccumulatedLosses2023-05-3111972460ns5:RetainedEarningsAccumulatedLosses2022-05-3111972460ns5:CostValuation2022-05-3111972460ns5:AdditionsToInvestments2023-05-3111972460ns5:DisposalsRepaymentsInvestments2023-05-3111972460ns5:CostValuation2023-05-3111972460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111972460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3111972460ns10:OrdinaryShareClass12023-05-3111972460ns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-31119724601ns10:Director12022-05-31119724601ns10:Director12021-05-31119724601ns10:Director12022-06-012023-05-31119724601ns10:Director12021-06-012022-05-31119724601ns10:Director12023-05-31119724601ns10:Director12022-05-31
REGISTERED NUMBER: 11972460 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

E W LEE HOLDINGS LIMITED

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E W LEE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: E W Lee
M J Lee





REGISTERED OFFICE: 1 Green End
Fen Ditton
Cambridge
Cambridgeshire
CB5 8SX





REGISTERED NUMBER: 11972460 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 652,003 1,960,858
Investment property 6 2,596,693 1,345,396
3,248,696 3,306,254

CURRENT ASSETS
Debtors 7 21,710 61,168
Cash at bank 2,098,088 567,564
2,119,798 628,732
CREDITORS
Amounts falling due within one year 8 (881,633 ) (369,631 )
NET CURRENT ASSETS 1,238,165 259,101
TOTAL ASSETS LESS CURRENT LIABILITIES 4,486,861 3,565,355

PROVISIONS FOR LIABILITIES (79,778 ) (60,632 )
NET ASSETS 4,407,083 3,504,723

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 258,478 258,478
Retained earnings 4,148,603 3,246,243
SHAREHOLDERS' FUNDS 4,407,083 3,504,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

BALANCE SHEET - continued
31 MAY 2023


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 3 April 2024 and were signed on its behalf by:





E W Lee - Director


E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

E W Lee Holdings 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. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about E W Lee Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income receivable.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments in fixed assets are held at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST
At 1 June 2022 1 1,330,000 630,857 1,960,858
Additions - - 168,535 168,535
Disposals - (1,330,000 ) (147,390 ) (1,477,390 )
At 31 May 2023 1 - 652,002 652,003
NET BOOK VALUE
At 31 May 2023 1 - 652,002 652,003
At 31 May 2022 1 1,330,000 630,857 1,960,858

During the period the company sold its interest in it's associated company, Allen Newport Ltd..

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,345,396
Additions 1,251,297
At 31 May 2023 2,596,693
NET BOOK VALUE
At 31 May 2023 2,596,693
At 31 May 2022 1,345,396

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2020 319,109
Cost 2,277,584
2,596,693

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

2023 2022
£    £   
Cost 2,277,584 822,391

Investment Property was valued on an open market basis on 31 May 2023 by the director .

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 21,708 61,167
Other debtors 2 1
21,710 61,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 10,581
Other creditors 881,633 359,050
881,633 369,631

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary shares £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 258,478

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
E W Lee
Balance outstanding at start of year - -
Amounts advanced - 22,928
Amounts repaid - (22,928 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

12. RELATED PARTY DISCLOSURES

At the balance sheet date the amount of £264,731 (2022: £357,249) was owed to the director. The amount bears no interest, is repayable on demand and is disclosed within other creditors.

Included within other debtors is an amount of £21,708 (2022: (£61,167)) in respect of an intercompany loan. The amount bears no interest and is repayable on demand.

13. DEFERRED TAX

Deferred tax is recognised on the revaluation of investment property, at the rate expected to apply when the properties are sold.