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Registration number: 05050291

Pretty Legs Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Pretty Legs Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Pretty Legs Holdings Limited

Company Information

Directors

Mr M Hoskins

Mrs A Hoskins

Registered office

Caldow House
Crescent Road
Lutterworth
Leicestershire
LE17 4PE

Accountants

Botterill & Co
Chartered Certified AccountantsFirst Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

 

Pretty Legs Holdings Limited

(Registration number: 05050291)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,373,705

1,388,273

Investments

5

700,000

700,000

 

2,073,705

2,088,273

Current assets

 

Debtors

6

83,962

69,651

Cash at bank and in hand

 

11,331

15,549

 

95,293

85,200

Creditors: Amounts falling due within one year

7

(779,681)

(763,944)

Net current liabilities

 

(684,388)

(678,744)

Total assets less current liabilities

 

1,389,317

1,409,529

Creditors: Amounts falling due after more than one year

7

(354,218)

(437,330)

Provisions for liabilities

(31,852)

(26,976)

Net assets

 

1,003,247

945,223

Capital and reserves

 

Called up share capital

8

1,000

1,000

Revaluation reserve

219,654

224,676

Retained earnings

782,593

719,547

Shareholders' funds

 

1,003,247

945,223

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

 

Pretty Legs Holdings Limited

(Registration number: 05050291)
Balance Sheet as at 31 December 2024

.........................................
Mr M Hoskins
Director

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Caldow House
Crescent Road
Lutterworth
Leicestershire
LE17 4PE
England

These financial statements were authorised for issue by the Board on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Pretty Legs Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Deferred Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

No depreciation has been charged on freehold property as the ongoing programme of maintenance is such that any depreciation charge would be immaterial

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Land and Buildings

The company owns property that is occupied by a subsidiary company. The property was revalued in 2019 and it is the policy of the company to undertake a revaluation every 3 years.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,330,000

77,698

1,407,698

At 31 December 2024

1,330,000

77,698

1,407,698

Depreciation

At 1 January 2024

-

19,425

19,425

Charge for the year

-

14,568

14,568

At 31 December 2024

-

33,993

33,993

Carrying amount

At 31 December 2024

1,330,000

43,705

1,373,705

At 31 December 2023

1,330,000

58,273

1,388,273

Included within the net book value of land and buildings above is £1,330,000 (2023 - £1,330,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold Property was revalued on 1 April 2019 by an independent valuer. The name and qualification of the independent valuer are Phil Glenn BSc (Hons) MRICS FNARA, Innes England Chartered Surveyors.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,089,420 (2023 - £1,089,420).

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

700,000

700,000

Subsidiaries

£

Cost or valuation

At 1 January 2024

700,000

Provision

Carrying amount

At 31 December 2024

700,000

At 31 December 2023

700,000

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

3,084

5,069

Amounts owed by related parties

6,118

-

Prepayments

 

74,760

64,582

   

83,962

69,651

 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

97,276

93,397

Trade creditors

 

67,087

72,959

Amounts owed to group undertakings and undertakings in which the company has a participating interest

312,407

577,146

Taxation and social security

 

38,295

8,591

Accruals and deferred income

 

14,615

11,851

Other creditors

 

250,001

-

 

779,681

763,944

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

354,218

437,330

Securities:-

Composite Company Unlimited Multilateral Guarantee given by Pretty Legs Holdings Limited, Medalin Limited, Medalin Holdings Limited and CUI International Limited.

First Legal Charge over Freehold Property known as Land and buildings on the, North East side of Crescent Road, Lutterworth

Debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

       
 

Pretty Legs Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

325,201

393,173

Other borrowings

29,017

44,157

354,218

437,330

Current loans and borrowings

2024
£

2023
£

Bank borrowings

82,136

78,257

Other borrowings

15,140

15,140

97,276

93,397

10

Parent and ultimate parent undertaking

The company's immediate parent is Medalin Holdings Limited, incorporated in England.

 The ultimate controlling party is Mr M Hoskins.