Registered number
10625539
Leyton Properties Ltd
Filleted Accounts
28 February 2025
Leyton Properties Ltd
Registered number: 10625539
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 946,205 946,205
Current assets
Cash at bank and in hand 33,941 38,423
Creditors: amounts falling due within one year 4 (443,355) (444,361)
Net current liabilities (409,414) (405,938)
Total assets less current liabilities 536,791 540,267
Creditors: amounts falling due after more than one year 5 (411,729) (437,929)
Net assets 125,062 102,338
Capital and reserves
Called up share capital 100 100
Profit and loss account 124,962 102,238
Shareholder's funds 125,062 102,338
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ijaz Ali
Director
Approved by the board on 7 April 2025
Leyton Properties Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2024 946,205
At 28 February 2025 946,205
Depreciation
At 28 February 2025 -
Net book value
At 28 February 2025 946,205
At 29 February 2024 946,205
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 5,610 4,676
Director's account 436,617 437,132
Other creditors 1,128 2,553
443,355 444,361
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 411,729 437,929
6 Other information
Leyton Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Sunnyside Road
Ilford
Essex
IG1 1HU
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