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Registered number: 08553498
Ley Developments Ltd
Unaudited Financial Statements
For the Period 1 July 2023 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08553498
31 August 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,124 2,832
Investment Properties 5 28,162,499 7,374,057
28,164,623 7,376,889
CURRENT ASSETS
Debtors 6 11,175,164 11,383,842
Cash at bank and in hand 6,899 -
11,182,063 11,383,842
Creditors: Amounts Falling Due Within One Year 7 (4,399,186 ) (2,935,538 )
NET CURRENT ASSETS (LIABILITIES) 6,782,877 8,448,304
TOTAL ASSETS LESS CURRENT LIABILITIES 34,947,500 15,825,193
Creditors: Amounts Falling Due After More Than One Year 8 (11,018,972 ) (11,903,245 )
NET ASSETS 23,928,528 3,921,948
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 23,928,428 3,921,848
SHAREHOLDERS' FUNDS 23,928,528 3,921,948
Page 1
Page 2
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dalbir Sanger
Director
22/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ley Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08553498 . The registered office is 4 Nutter Lane, Wanstead, E11 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from rent and service charges from residential investment properties.

Investment property income
Turnover from investment properties is recognised in advance at the beginning of each calendar month on a receivable basis.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 2)
1 2
4. Tangible Assets
Motor Vehicles
£
Cost or Valuation
As at 1 July 2023 21,214
As at 31 August 2024 21,214
Depreciation
As at 1 July 2023 18,382
Provided during the period 708
As at 31 August 2024 19,090
Net Book Value
As at 31 August 2024 2,124
As at 1 July 2023 2,832
Page 3
Page 4
5. Investment Property
31 August 2024
£
Fair Value
As at 1 July 2023 7,374,057
Additions 777,499
Revaluations 20,010,943
As at 31 August 2024 28,162,499
6. Debtors
31 August 2024 30 June 2023
£ £
Due within one year
Trade debtors 57,658 101,254
Prepayments and accrued income 22,668 -
Amounts owed by connected companies 11,094,838 11,282,588
11,175,164 11,383,842
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 30 June 2023
£ £
Trade creditors 17,101 177,806
Bank loans and overdrafts - 16,631
Corporation tax 96,609 190,490
VAT 1,000 11,232
Other creditors 188 -
Amounts owed to connected companies 4,284,288 2,539,379
4,399,186 2,935,538
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 30 June 2023
£ £
Bank loans 11,018,972 11,903,245
9. Share Capital
31 August 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4