Company registration number 00742076 (England and Wales)
LEAGATE PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
LEAGATE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LEAGATE PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,171
15,647
Investment property
4
450,000
450,000
462,171
465,647
Current assets
Stocks
897,317
915,299
Debtors
5
27,112
72,870
Cash at bank and in hand
226,531
128,130
1,150,960
1,116,299
Creditors: amounts falling due within one year
6
(112,984)
(136,590)
Net current assets
1,037,976
979,709
Total assets less current liabilities
1,500,147
1,445,356
Creditors: amounts falling due after more than one year
7
(471,470)
(517,951)
Provisions for liabilities
(14,504)
(14,504)
Net assets
1,014,173
912,901
Capital and reserves
Called up share capital
2,308
2,308
Revaluation reserve
46,992
46,992
Capital redemption reserve
375,487
375,487
Profit and loss reserves
589,386
488,114
Total equity
1,014,173
912,901
LEAGATE PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mrs V B Brandon
Director
Company registration number 00742076 (England and Wales)
LEAGATE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Leagate Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dorset House, 5 Church Street, Wimborne, Dorset, BH21 1JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
None
Computers
Office equip - 10% reducing balance, Computer equip 20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

LEAGATE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
LEAGATE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
596
37,952
30,320
68,868
Additions
-
0
1,384
-
0
1,384
At 31 March 2025
596
39,336
30,320
70,252
Depreciation and impairment
At 1 April 2024
-
0
32,294
20,927
53,221
Depreciation charged in the year
-
0
2,512
2,348
4,860
At 31 March 2025
-
0
34,806
23,275
58,081
Carrying amount
At 31 March 2025
596
4,530
7,045
12,171
At 31 March 2024
596
5,658
9,393
15,647
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
450,000
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,842
16,059
Other debtors
14,270
56,811
27,112
72,870
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
24,056
18,937
Trade creditors
5,976
30,226
Taxation and social security
11,058
10,739
Other creditors
71,894
76,688
112,984
136,590

The bank loan is secured against the companies freehold properties.

LEAGATE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
432,238
477,569
Other creditors
39,232
40,382
471,470
517,951

The bank loan is secured against the companies freehold properties.

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