2023-02-012024-01-312024-01-31false03356089MEASHAM LEASING HOLDINGS LIMITED2024-10-2577110iso4217:GBPxbrli:pure033560892023-02-01033560892024-01-31033560892023-02-012024-01-31033560892022-02-01033560892023-01-31033560892022-02-012023-01-3103356089bus:SmallEntities2023-02-012024-01-3103356089bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3103356089bus:FullAccounts2023-02-012024-01-3103356089bus:PrivateLimitedCompanyLtd2023-02-012024-01-3103356089core:WithinOneYear2024-01-3103356089core:AfterOneYear2024-01-3103356089core:WithinOneYear2023-01-3103356089core:AfterOneYear2023-01-3103356089core:ShareCapital2024-01-3103356089core:SharePremium2024-01-3103356089core:RevaluationReserve2024-01-3103356089core:OtherReservesSubtotal2024-01-3103356089core:RetainedEarningsAccumulatedLosses2024-01-3103356089core:ShareCapital2023-01-3103356089core:SharePremium2023-01-3103356089core:RevaluationReserve2023-01-3103356089core:OtherReservesSubtotal2023-01-3103356089core:RetainedEarningsAccumulatedLosses2023-01-3103356089core:LandBuildings2024-01-3103356089core:PlantMachinery2024-01-3103356089core:Vehicles2024-01-3103356089core:FurnitureFittings2024-01-3103356089core:OfficeEquipment2024-01-3103356089core:NetGoodwill2024-01-3103356089core:IntangibleAssetsOtherThanGoodwill2024-01-3103356089core:ListedExchangeTraded2024-01-3103356089core:UnlistedNon-exchangeTraded2024-01-3103356089core:LandBuildings2023-01-3103356089core:PlantMachinery2023-01-3103356089core:Vehicles2023-01-3103356089core:FurnitureFittings2023-01-3103356089core:OfficeEquipment2023-01-3103356089core:NetGoodwill2023-01-3103356089core:IntangibleAssetsOtherThanGoodwill2023-01-3103356089core:ListedExchangeTraded2023-01-3103356089core:UnlistedNon-exchangeTraded2023-01-3103356089core:LandBuildings2023-02-012024-01-3103356089core:PlantMachinery2023-02-012024-01-3103356089core:Vehicles2023-02-012024-01-3103356089core:FurnitureFittings2023-02-012024-01-3103356089core:OfficeEquipment2023-02-012024-01-3103356089core:NetGoodwill2023-02-012024-01-3103356089core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3103356089core:ListedExchangeTraded2023-02-012024-01-3103356089core:UnlistedNon-exchangeTraded2023-02-012024-01-3103356089core:MoreThanFiveYears2023-02-012024-01-3103356089core:Non-currentFinancialInstruments2024-01-3103356089core:Non-currentFinancialInstruments2023-01-3103356089dpl:CostSales2023-02-012024-01-3103356089dpl:DistributionCosts2023-02-012024-01-3103356089core:LandBuildings2023-02-012024-01-3103356089core:PlantMachinery2023-02-012024-01-3103356089core:Vehicles2023-02-012024-01-3103356089core:FurnitureFittings2023-02-012024-01-3103356089core:OfficeEquipment2023-02-012024-01-3103356089dpl:AdministrativeExpenses2023-02-012024-01-3103356089core:NetGoodwill2023-02-012024-01-3103356089core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3103356089dpl:GroupUndertakings2023-02-012024-01-3103356089dpl:ParticipatingInterests2023-02-012024-01-3103356089dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3103356089core:ListedExchangeTraded2023-02-012024-01-3103356089dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3103356089core:UnlistedNon-exchangeTraded2023-02-012024-01-3103356089dpl:CostSales2022-02-012023-01-3103356089dpl:DistributionCosts2022-02-012023-01-3103356089core:LandBuildings2022-02-012023-01-3103356089core:PlantMachinery2022-02-012023-01-3103356089core:Vehicles2022-02-012023-01-3103356089core:FurnitureFittings2022-02-012023-01-3103356089core:OfficeEquipment2022-02-012023-01-3103356089dpl:AdministrativeExpenses2022-02-012023-01-3103356089core:NetGoodwill2022-02-012023-01-3103356089core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3103356089dpl:GroupUndertakings2022-02-012023-01-3103356089dpl:ParticipatingInterests2022-02-012023-01-3103356089dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3103356089core:ListedExchangeTraded2022-02-012023-01-3103356089dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3103356089core:UnlistedNon-exchangeTraded2022-02-012023-01-3103356089core:NetGoodwill2024-01-3103356089core:IntangibleAssetsOtherThanGoodwill2024-01-3103356089core:LandBuildings2024-01-3103356089core:PlantMachinery2024-01-3103356089core:Vehicles2024-01-3103356089core:FurnitureFittings2024-01-3103356089core:OfficeEquipment2024-01-3103356089core:AfterOneYear2024-01-3103356089core:WithinOneYear2024-01-3103356089core:ListedExchangeTraded2024-01-3103356089core:UnlistedNon-exchangeTraded2024-01-3103356089core:ShareCapital2024-01-3103356089core:SharePremium2024-01-3103356089core:RevaluationReserve2024-01-3103356089core:OtherReservesSubtotal2024-01-3103356089core:RetainedEarningsAccumulatedLosses2024-01-3103356089core:NetGoodwill2023-01-3103356089core:IntangibleAssetsOtherThanGoodwill2023-01-3103356089core:LandBuildings2023-01-3103356089core:PlantMachinery2023-01-3103356089core:Vehicles2023-01-3103356089core:FurnitureFittings2023-01-3103356089core:OfficeEquipment2023-01-3103356089core:AfterOneYear2023-01-3103356089core:WithinOneYear2023-01-3103356089core:Liste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MEASHAM LEASING HOLDINGS LIMITED

Registered Number
03356089
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MEASHAM LEASING HOLDINGS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mr H H Measham

Company Secretary

Ms J Measham

Registered Address

Measham House
Rockware Avenue
Greenford
UB6 0AA

Registered Number

03356089 (England and Wales)
MEASHAM LEASING HOLDINGS LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,762,1071,331,217
4,762,1071,331,217
Current assets
Debtors5857,2731,060,452
Cash at bank and on hand612,182559,555
1,469,4551,620,007
Creditors amounts falling due within one year6(62,954)(304,700)
Net current assets (liabilities)1,406,5011,315,307
Total assets less current liabilities6,168,6082,646,524
Provisions for liabilities7(1,098,223)(163,900)
Net assets5,070,3852,482,624
Capital and reserves
Called up share capital1,0001,000
Share premium709,002709,002
Revaluation reserve3,524,067-
Other reserves167167
Profit and loss account836,1491,772,455
Shareholders' funds5,070,3852,482,624
The financial statements were approved and authorised for issue by the Board of Directors on 25 October 2024, and are signed on its behalf by:
Mr H H Measham
Director
Registered Company No. 03356089
MEASHAM LEASING HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. The property at Rockware Avenue, the Measham Self Drive site, was revalued during the year ended 31 January 2024. Land and buildings are not depreciated. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Vehicles5
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year1111
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 February 23125,9331,441,175113,9971,681,105
Additions-367,733-367,733
Revaluations3,524,067--3,524,067
Disposals-(355,030)-(355,030)
At 31 January 243,650,0001,453,878113,9975,217,875
Depreciation and impairment
At 01 February 23-239,386110,502349,888
Charge for year-334,879635335,514
On disposals-(229,634)-(229,634)
At 31 January 24-344,631111,137455,768
Net book value
At 31 January 243,650,0001,109,2472,8604,762,107
At 31 January 23125,9331,201,7893,4951,331,217
4.Revaluation of property, plant and equipment
The land and buildings have been revalued during the year by the director on the basis of a purchase offer made for the property by a third party. The historical cost of the land and buildings is shown below:

2024

2023

££
Land and buildings125,933125,933
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables61,632215,390
Amounts owed by group undertakings-46,617
Other debtors755,336774,156
Prepayments and accrued income40,30524,289
Total857,2731,060,452
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,072246,254
Taxation and social security20,30820,528
Other creditors1,14810,739
Accrued liabilities and deferred income28,42627,179
Total62,954304,700
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,098,223163,900
Total1,098,223163,900
8.Related party transactions
At 1 February 2023, a director owed the company £20,000. During the year the company provided further loan advances of £23,984 and the director made repayments of £43,984. At 31 January 2024 the director owed the company £nil. Interest of £325 has been calculated and charged on this loan using HM Revenue and Customs official rate for beneficial loan arrangements. At 1 February 2023, a director owed the company £43,984. During the year the company provided further loan advances of £97,843 and the director made repayments of £86,491. At 31 January 2024 the director owed the company £55,336. Interest of £1,740 has been calculated and charged on this loan using HM Revenue and Customs official rate for beneficial loan arrangements. Measham Property Management Limited is a related party due to common control. At 31 January 2024 a balance of £nil (2023 - £46,617) was due from Measham Property Management Limited. The amount is interest free and repayable on demand.