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REGISTERED NUMBER: 07661211 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Linford Properties (Leicester) Ltd

Linford Properties (Leicester) Ltd (Registered number: 07661211)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linford Properties (Leicester) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C Reid
S Reid





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 07661211 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Linford Properties (Leicester) Ltd (Registered number: 07661211)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,394 3,297
Investment property 5 6,694,525 6,619,473
6,697,919 6,622,770

CURRENT ASSETS
Debtors 6 251,580 253,414
Cash at bank 198,543 102,069
450,123 355,483
CREDITORS
Amounts falling due within one year 7 2,727,612 2,898,352
NET CURRENT LIABILITIES (2,277,489 ) (2,542,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,420,430

4,079,901

PROVISIONS FOR LIABILITIES 611 535
NET ASSETS 4,419,819 4,079,366

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 4,052,792 4,052,792
Retained earnings 366,027 25,574
4,419,819 4,079,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Linford Properties (Leicester) Ltd (Registered number: 07661211)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




C Reid - Director



S Reid - Director


Linford Properties (Leicester) Ltd (Registered number: 07661211)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Linford Properties (Leicester) Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Employee ownership trust
In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights or other access to those present economic benefits.

Linford Properties (Leicester) Ltd (Registered number: 07661211)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 11,907 - 5,435 17,342
Additions 788 60,623 - 61,411
Disposals - (60,623 ) - (60,623 )
At 31 March 2025 12,695 - 5,435 18,130
DEPRECIATION
At 1 April 2024 9,105 - 4,940 14,045
Charge for year 420 3,789 271 4,480
Eliminated on disposal - (3,789 ) - (3,789 )
At 31 March 2025 9,525 - 5,211 14,736
NET BOOK VALUE
At 31 March 2025 3,170 - 224 3,394
At 31 March 2024 2,802 - 495 3,297

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 6,619,473
Additions 225,052
Disposals (150,000 )
At 31 March 2025 6,694,525
NET BOOK VALUE
At 31 March 2025 6,694,525
At 31 March 2024 6,619,473

Investment properties were valued on an open market basis on 18 January 2024 by Lambert Smith Hampton by James Straw BA (Hons) MSc MRICS and Edward Boulton MRICS.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2017 (695,000 )
Valuation in 2019 (717,960 )
Valuation in 2024 (1,514,500 )
Cost 9,621,985
6,694,525

Linford Properties (Leicester) Ltd (Registered number: 07661211)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 71,290 49,519
Other debtors 180,290 203,895
251,580 253,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 7,128 1,723
Taxation and social security 114,920 113,218
Other creditors 2,605,564 2,783,411
2,727,612 2,898,352

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
C Reid
Balance outstanding at start of year (217,653 ) (13,258 )
Amounts advanced 29,653 13,438
Amounts repaid (6,895 ) (217,833 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (194,895 ) (217,653 )

S Reid
Balance outstanding at start of year (2,482,612 ) (1,929,989 )
Amounts advanced 250,184 105,402
Amounts repaid (75,507 ) (658,025 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,307,935 ) (2,482,612 )

The above amounts are owed to the Directors by the company.
These amounts are interest free and have no set terms of repayment.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the trustees of the employee ownership trust by virtue of their majority shareholding.