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Registered number: 13526541
LRES-UK Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr David Reynolds
Mr Lee Reynolds
Company Number 13526541
Registered Office 44 Wilson Street
Sheffield
South Yorkshire
S3 8DD
Accountants Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Statement of Financial Position
Registered number: 13526541
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 653,805 529,083
Investments 5 100 -
653,905 529,083
CURRENT ASSETS
Debtors 6 91,620 14,436
Cash at bank and in hand 11,218 360
102,838 14,796
Creditors: Amounts Falling Due Within One Year 7 (120,961 ) (352,171 )
NET CURRENT ASSETS (LIABILITIES) (18,123 ) (337,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES 635,782 191,708
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,253 ) (53,334 )
NET ASSETS 608,529 138,374
CAPITAL AND RESERVES
Called up share capital 8 200 100
Fair value reserve 9 171,554 171,554
Income Statement 436,775 (33,280 )
SHAREHOLDERS' FUNDS 608,529 138,374
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Page 3
For the year ending 31 March 2025 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 Income Statement.
On behalf of the board
Mr David Reynolds
Director
Mr Lee Reynolds
Director
26/06/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
LRES-UK Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13526541 . The registered office is 44 Wilson Street, Sheffield, South Yorkshire, S3 8DD.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Zero
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
2.5. Taxation
Taxation 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense
2.7. Debtors and creditors
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.
Short term trade 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. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 499,999 4,900 26,195 531,094
Additions 111,896 - 22,800 134,696
As at 31 March 2025 611,895 4,900 48,995 665,790
Depreciation
As at 1 April 2024 - 1,241 770 2,011
Provided during the period - 483 9,491 9,974
As at 31 March 2025 - 1,724 10,261 11,985
Net Book Value
As at 31 March 2025 611,895 3,176 38,734 653,805
As at 1 April 2024 499,999 3,659 25,425 529,083
The freehold property was revalued by the directors at the reporting date.
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 394,021
Accumulated depreciation and impairment 18,803
Carrying amount 375,218
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5. Investments
Other
£
Cost
As at 1 April 2024 -
Additions 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,440 1,320
Other debtors 90,180 13,116
91,620 14,436
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,789 636
Other creditors 115,172 351,535
120,961 352,171
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 100
9. Reserves
Fair Value Reserve
£
As at 1 April 2024 171,554
As at 31 March 2025 171,554
10. Directors Advances, Credits and Guarantees
At the balance sheet date, the directors were owed £113,972 (2024: £21,182) by the company.
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