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Company registration number: 04619588
LAEN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 March 2025
LAEN LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
LAEN LIMITED
Directors report
Period ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the period ended 31 March 2025.
Directors
The directors who served the company during the period were as follows:
Mr F. A. Neal
Mrs S. B. Neal
Mr P. A. Neal
Mr M. J. Neal
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 11 July 2025 and signed on behalf of the board by:
Mr F. A. Neal
Director
LAEN LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Laen Limited
Period ended 31 March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 March 2025 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
R M F Pola FCA
Jenemi Associates Limited
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
11 July 2025
LAEN LIMITED
Statement of financial position
31 March 2025
31/03/25 30/09/24
Note £ £ £ £
Fixed assets
Tangible assets 4 9,499,358 9,302,736
Investments 5 524,140 524,140
_______ _______
10,023,498 9,826,876
Current assets
Debtors 6 42,182 37,266
Cash at bank and in hand 5,025,608 4,856,666
_______ _______
5,067,790 4,893,932
Creditors: amounts falling due
within one year 7 ( 126,290) ( 188,402)
_______ _______
Net current assets 4,941,500 4,705,530
_______ _______
Total assets less current liabilities 14,964,998 14,532,406
_______ _______
Net assets 14,964,998 14,532,406
_______ _______
Capital and reserves
Called up share capital 8 2,100 2,100
Profit and loss account 14,962,898 14,530,306
_______ _______
Shareholders funds 14,964,998 14,532,406
_______ _______
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mr M. J. Neal
Director
Company registration number: 04619588
LAEN LIMITED
Notes to the financial statements
Period ended 31 March 2025
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and 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 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings - Nil
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
3. Tax on profit
Major components of tax expense
Period year
ended ended
31/03/25 30/09/24
£ £
Current tax:
UK current tax expense 76,030 168,678
_______ _______
Tax on profit 76,030 168,678
_______ _______
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 October 2024 9,302,736 9,302,736
Additions 196,622 196,622
_______ _______
At 31 March 2025 9,499,358 9,499,358
_______ _______
Depreciation
At 1 October 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 9,499,358 9,499,358
_______ _______
At 30 September 2024 9,302,736 9,302,736
_______ _______
5. Investments
Shares in group undertakings and participating interests Loans to group undertakings and participating interests Total
£ £ £
Cost
At 1 October 2024 and 31 March 2025 3,500 520,640 524,140
_______ _______ _______
Impairment
At 1 October 2024 and 31 March 2025 - - -
_______ _______ _______
Carrying amount
At 31 March 2025 3,500 520,640 524,140
_______ _______ _______
At 30 September 2024 3,500 520,640 524,140
_______ _______ _______
6. Debtors
31/03/25 30/09/24
£ £
Trade debtors 42,082 34,152
Other debtors 100 3,114
_______ _______
42,182 37,266
_______ _______
7. Creditors: amounts falling due within one year
31/03/25 30/09/24
£ £
Corporation tax 76,030 168,678
Social security and other taxes 4,849 4,570
Other creditors 45,411 15,154
_______ _______
126,290 188,402
_______ _______
8. Called up share capital
Authorised share capital
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 100,000 100,000 100,000 100,000
Ordinary non voting shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
100,100 100,100 100,100 100,100
_______ _______ _______ _______
Issued, called up and fully paid
31/03/25 30/09/24
No £ No £
Ordinary shares of £ 1.00 each 2,000 2,000 2,000 2,000
Ordinary non voting shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
2,100 2,100 2,100 2,100
_______ _______ _______ _______