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REGISTERED NUMBER: 11972460 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

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 2024




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 2024







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 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 2,918,762 2,596,693
2,918,763 2,596,694

CURRENT ASSETS
Debtors 7 22,190 21,710
Investments 8 1,517,603 652,002
Cash at bank 169,812 2,098,088
1,709,605 2,771,800
CREDITORS
Amounts falling due within one year 9 (135,543 ) (881,633 )
NET CURRENT ASSETS 1,574,062 1,890,167
TOTAL ASSETS LESS CURRENT LIABILITIES 4,492,825 4,486,861

PROVISIONS FOR LIABILITIES 10 (79,778 ) (79,778 )
NET ASSETS 4,413,047 4,407,083

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 239,331 258,478
Retained earnings 4,173,714 4,148,603
SHAREHOLDERS' FUNDS 4,413,047 4,407,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 2024


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 26 February 2025 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 2024

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income receivable.

Investments in subsidiaries and associates
Investment in subsidiaries are held at cost less impairment.

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.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued
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.

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 (2023 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,596,693
Additions 322,069
At 31 May 2024 2,918,762
NET BOOK VALUE
At 31 May 2024 2,918,762
At 31 May 2023 2,596,693

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2020 319,109
Cost 2,599,653
2,918,762

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

2024 2023
as restated
£    £   
Cost 2,599,653 2,277,584

Investment Property was valued on an open market basis on 31 May 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 22,189 21,708
Other debtors 1 2
22,190 21,710

8. CURRENT ASSET INVESTMENTS
2024 2023
as restated
£    £   
Unlisted investments 1,517,603 652,002

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other creditors 135,543 881,633

10. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 79,778 79,778

Deferred
tax
£   
Balance at 1 June 2023 79,778
Balance at 31 May 2024 79,778

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
2 Ordinary shares £1 2 2

12. RESERVES
Fair
value
reserve
£   
At 1 June 2023 258,478
Revaluation Transfer (19,147 )

At 31 May 2024 239,331

13. RELATED PARTY DISCLOSURES

At the balance sheet date the amount of £133,273 (2023: £264,731) was owed to the director. The amount bears interest at 8%, is repayable on demand and is disclosed within other creditors.

Included within other debtors is an amount of £22,189 (2023: £21,708) in respect of an intercompany loan. The amount bears no interest and is repayable on demand.

E W LEE HOLDINGS LIMITED (REGISTERED NUMBER: 11972460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

14. DEFERRED TAX

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