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REGISTERED NUMBER: 03164676 (England and Wales)












JOHN LEACH PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

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


JOHN LEACH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr M H Leach
Mr J D Leach



SECRETARY: Mrs C A Leach



REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE



REGISTERED NUMBER: 03164676 (England and Wales)



ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE



SOLICITORS: Dean Wilson LLP
96 Church Street
Brighton
East Sussex
BN1 1UJ

JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,062,128 1,062,849
Investment property 5 20,300,124 20,270,000
21,362,252 21,332,849

CURRENT ASSETS
Debtors 6 70,491 115,888
Cash at bank and in hand 2,132,628 1,830,640
2,203,119 1,946,528
CREDITORS
Amounts falling due within one year 7 193,329 129,546
NET CURRENT ASSETS 2,009,790 1,816,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,372,042

23,149,831

PROVISIONS FOR LIABILITIES 8 3,977,563 3,970,032
NET ASSETS 19,394,479 19,179,799

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Fair value reserve 9 13,694,941 13,694,941
Retained earnings 9 5,698,537 5,483,857
SHAREHOLDERS' FUNDS 19,394,479 19,179,799

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.

JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





Mr M H Leach - Director


JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

John Leach Properties Limited 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

Provision for bad and doubtful debts
The Company reviews its trade and other receivables for evidence of their recoverability. Such evidence includes the customer's payment record and the customer's overall financial position. If indications of irreconcilability exist, the recoverable amount is estimated and a respective provision for bad and doubtful debts is made. The amount of the provision is charged through profit or loss. The review of credit risk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and adjusted accordingly.

Corporation tax
Significant judgement is required in determining the provision for corporation taxes. There are transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the corporation tax and deferred tax provisions in the period in which such determination is made.

Turnover
Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold properties - not provided
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
properties fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 1,060,000 50,067 2,500 17,244 1,129,811
DEPRECIATION
At 1 April 2024 - 48,536 2,250 16,176 66,962
Charge for year - 306 62 353 721
At 31 March 2025 - 48,842 2,312 16,529 67,683
NET BOOK VALUE
At 31 March 2025 1,060,000 1,225 188 715 1,062,128
At 31 March 2024 1,060,000 1,531 250 1,068 1,062,849

Cost or valuation at 31 March 2025 is represented by:

Fixtures
Freehold and Motor Computer
properties fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2011 429,063 - - - 429,063
Valuation in 2016 125,000 - - - 125,000
Valuation in 2022 315,559 - - - 315,559
Valuation in 0 - 50,067 2,500 17,244 69,811
Cost 190,378 - - - 190,378
1,060,000 50,067 2,500 17,244 1,129,811

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 95,937 95,937

Value of land in freehold land and buildings 525,000 525,000

Freehold land and buildings were valued on a open market basis on 15 August 2022 by R. A Draycott Chartered Surveyors .

In the opinion of the directors the market values of the freehold properties as at the year end were not different from those shown in the accounts.

JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 20,270,000
Additions 30,124
At 31 March 2025 20,300,124
NET BOOK VALUE
At 31 March 2025 20,300,124
At 31 March 2024 20,270,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2011 7,950,498
Valuation in 2016 5,465,428
Valuation in 2022 3,379,427
Cost 3,504,771
20,300,124

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 3,474,647 3,474,647

Investment properties were valued on an open market basis on 15 August 2022 by R.A Draycott Chartered Surveyors .

In the opinion of the directors the market values of the investment properties as at the year end were not different from those shown in the accounts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 24,759 42,650
Director's current account - 39,458
Prepayments and accrued income 29,809 17,618
Prepayments 15,923 16,162
70,491 115,888

JOHN LEACH PROPERTIES LIMITED (REGISTERED NUMBER: 03164676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 105 1,775
Corporation tax 114,838 88,972
Social security and other taxes 68 -
Other creditors 21,281 5,880
Deposit from tenants 1,000 1,000
Director's current account 597 89
Accruals and deferred income 55,440 31,830
193,329 129,546

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 3,977,563 3,970,032

Deferred
tax
£   
Balance at 1 April 2024 3,970,032
Provided during year 7,531
Balance at 31 March 2025 3,977,563

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 5,483,857 13,694,941 19,178,798
Profit for the year 335,680 335,680
Dividends (121,000 ) (121,000 )
At 31 March 2025 5,698,537 13,694,941 19,393,478

10. CONTROLLING PARTY

The controlling party is Mr M H Leach.