REGISTERED NUMBER: 12814097 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Lionstead Ltd

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

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

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

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.

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

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

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.