Company No: 13327528 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Investments	4	6,000		0
		6,000		0
Current assets
Debtors	5	362,275		117,193
Cash at bank and in hand		90,783		53,788
		453,058		170,981
Creditors: amounts falling due within one year	6	( 286,259)		( 44,150)
Net current assets		166,799		126,831
Total assets less current liabilities		172,799		126,831
Net assets		172,799		126,831
Capital and reserves
Called-up share capital	7	10,000		1,000
Profit and loss account		162,799		125,831
Total shareholders' funds		172,799		126,831

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Lean Estates Limited (registered number: 13327528) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

Nicholas Moffat Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lean Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Brook House Manor Drive, Clyst St. Mary, Exeter, EX5 1GD, United Kingdom. The principal place of business is The Autarkic House, Oxon, Kenton, Exeter EX6 8EX.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

If material misstatements are found in prior year figures, then these figures are restated to show the corrected position.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

The prior year accounts have been restated to reclassify drawing taken by the director that were incorrectly classed as dividends. Interest has also been calculated on the directors loan account and the profit and loss has been updated to reflect amounts receivable by the company.

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Amounts owed by directors		0		(117,193)		(117,193)
Profit and loss account		8,638		117,193		125,831
interest receviable		0		(1,460)		(1,460)

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		1

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	0
Additions	6,000
	0
At 31 December 2024	6,000
Carrying value at 31 December 2024	6,000
Carrying value at 31 December 2023	0

5. Debtors

	2024		2023
	£		£
Amounts owed by directors	362,275		117,193

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	215,108		0
Accruals	2,650		3,000
Corporation tax	50,039		31,561
Other taxation and social security	18,462		9,589
	286,259		44,150

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each (2023: 550 shares of £ 1.00 each)	10,000		550
Nil Ordinary B shares (2023: 100 shares of £ 1.00 each)	0		100
Nil Ordinary C shares (2023: 100 shares of £ 1.00 each)	0		100
Nil Ordinary D shares (2023: 50 shares of £ 1.00 each)	0		50
Nil Ordinary E shares (2023: 50 shares of £ 1.00 each)	0		50
Nil Ordinary F shares (2023: 50 shares of £ 1.00 each)	0		50
Nil Ordinary G shares (2023: 50 shares of £ 1.00 each)	0		50
Nil Ordinary H shares (2023: 50 shares of £ 1.00 each)	0		50
	10,000		1,000

In the financial year 2024 class Ordinary shares were allotted with an aggregate nominal value of £9,000 at par value.
During the year the B, C, D, E, F, G and H ordinary shares of £1 each were re-classified as ordinary shares. The rights pertaining to the D, E and F shares were updated to full voting rights.

8. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Amounts owed to the Company by the directors (2023: Restated)	362,275		117,193

Other related party transactions

During the year the Company received income for management services totalling £205,000 (2023: £137,772) from Lean Projects Limited its subsidiary company.