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REGISTERED NUMBER: 12814097 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Lionstead Ltd

Lionstead Ltd (Registered number: 12814097)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

| Page |

Balance Sheet | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 6

Lionstead Ltd (Registered number: 12814097)

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 35,073 |  | 43,038 |  |

Current assets

Debtors | 5 | 387,704 |  | 89,871 |  |

Cash at bank | 58,381 |  | 173,122 |  |

446,085 |  | 262,993 |  |

Creditors

Amounts falling due within one year | 6 | 126,784 |  | 102,306 |  |

Net current assets | 319,301 |  | 160,687 |  |

Total assets less current liabilities | 354,374 |  | 203,725 |  |

Provisions for liabilities | 7 | 6,664 |  | 8,177 |  |

Net assets | 347,710 |  | 195,548 |  |

Capital and reserves

Called up share capital | 8 | 3 |  | 3 |  |

Retained earnings | 347,707 |  | 195,545 |  |

Shareholders' funds | 347,710 |  | 195,548 |  |

Lionstead Ltd (Registered number: 12814097)

BALANCE SHEET - continued

31 March 2025

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mrs C Gribble - Director

Lionstead Ltd (Registered number: 12814097)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Lionstead Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 12814097

| Registered office: | Stowford House, Down Park Drive

| Tavistock

| Devon

| PL19 9AH

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.

| Turnover

| Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by the reference to the stage of completion of the contract.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Equipment | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Lionstead Ltd (Registered number: 12814097)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Creditors

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Provisions

| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Motor |

| Equipment |  | vehicles |  | Totals

£ | £ | £ |

| Cost

| At 1 April 2024 | 15,391 |  | 58,135 |  | 73,526 |  |

| Additions | 1,830 |  | - |  | 1,830 |  |

| At 31 March 2025 | 17,221 |  | 58,135 |  | 75,356 |  |

| Depreciation

| At 1 April 2024 | 4,372 |  | 26,116 |  | 30,488 |  |

| Charge for year | 1,790 |  | 8,005 |  | 9,795 |  |

| At 31 March 2025 | 6,162 |  | 34,121 |  | 40,283 |  |

| Net book value

| At 31 March 2025 | 11,059 |  | 24,014 |  | 35,073 |  |

| At 31 March 2024 | 11,019 |  | 32,019 |  | 43,038 |  |

Lionstead Ltd (Registered number: 12814097)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 43,886 |  | 81,045 |  |

| Other debtors | 818 |  | 8,826 |  |

44,704 |  | 89,871 |  |

| Amounts falling due after more than one year:

| Other debtors | 343,000 |  | - |  |

| Aggregate amounts | 387,704 |  | 89,871 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 102,916 |  | 73,451 |  |

| Other creditors | 23,868 |  | 28,855 |  |

126,784 |  | 102,306 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 6,664 |  | 8,177 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 8,177 |  |

| Provided during year | (1,513 | ) |

| Balance at 31 March 2025 | 6,664 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary shares | £1 | 2 |  | 2 |  |

| 1 | Ordinary B share | £1 | 1 |  | 1 |  |

3 |  | 3 |  |

Lionstead Ltd (Registered number: 12814097)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date the directors, Mr and Mrs Gribble were owed £15,712.

| The loan is interest free, unsecured and carries no fixed terms for repayment.

| At the balance sheet date the company was owed £343,000 by Hawkstead Limited a company of which Mr and Mrs Gribble are both directors.