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Registered number: 14483420









LELO HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
LELO HOLDINGS LIMITED
REGISTERED NUMBER: 14483420

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
202,316
202,316

  
202,316
202,316

Current assets
  

Debtors: amounts falling due within one year
 5 
99
99

Cash at bank and in hand
 6 
65,015
45,469

  
65,114
45,568

Creditors: amounts falling due within one year
 7 
(238,946)
(237,020)

Net current liabilities
  
 
 
(173,832)
 
 
(191,452)

Total assets less current liabilities
  
28,484
10,864

  

Net assets
  
28,484
10,864


Capital and reserves
  

Called up share capital 
 8 
99
99

Profit and loss account
  
28,385
10,765

  
28,484
10,864


Page 1

 
LELO HOLDINGS LIMITED
REGISTERED NUMBER: 14483420
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr G L Jones
Director

Date: 10 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LELO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Lelo Holdings Limited is a private limited company, limited by shares, incorporated in England and Wales, registration number 14483420 and has a registered office at Unit 11 Graig Lelo, Bryn Saith Marchog, Corwen, Denbighshire, LL12 9SD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

In the prior year the accounting reporting period was extended to 31 January 2024 to align with the other connected companies. The comparative figures relate to the period from 14 November 2022 to 31 January 2024.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LELO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 4

 
LELO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2024
202,316



At 31 January 2025
202,316

The 2025 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2025
2024
£
£


Other debtors
99
99

99
99



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
65,015
45,469

65,015
45,469


Page 5

 
LELO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
-
1,452

Corporation tax
5,077
2,525

Other taxation and social security
1,211
585

Other creditors
230,708
230,708

Accruals and deferred income
1,950
1,750

238,946
237,020



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



99 (2024 - 99) Ordinary shares of £1.00 each
99
99



9.


Related party transactions

Included in other creditors is a loan from a connected company amounting to £230,708 (2024: £230,708). The loan is interest free and repayable on demand.

 
Page 6