REGISTERED NUMBER: 02359877

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

L.E.L. (PROPERTIES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J.L. Winslade

K. Tilley

SECRETARY:

Mrs K. Tilley

REGISTERED OFFICE:

Vale Business Park

Llandow

Vale of Glamorgan

CF71 7PF

REGISTERED NUMBER:

02359877

ACCOUNTANTS:

Hayvenhursts Accountancy

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

1,766,212

1,767,364

CURRENT ASSETS

Debtors

5

128,566

118,592

Cash at bank

855,852

834,589

984,418

953,181

CREDITORS

Amounts falling due within one year

6

(98,198

)

(61,152

)

NET CURRENT ASSETS

886,220

892,029

TOTAL ASSETS LESS CURRENT LIABILITIES

2,652,432

2,659,393

CREDITORS

Amounts falling due after more than one year

7

(45,900

)

(47,430

)

NET ASSETS

2,606,532

2,611,963

CAPITAL AND RESERVES

Called up share capital

8

940

1,050

Capital redemption reserve

9

110

-

Retained earnings

9

2,605,482

2,610,913

SHAREHOLDERS' FUNDS

2,606,532

2,611,963

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

J.L. Winslade - Director

1.	STATUTORY INFORMATION

L.E.L. (Properties) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 represents income from the renting of land and buildings, stated net of Value Added Tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

No depreciation is provided in respect of land and buildings which is not in accordance with FRS No 15 'Tangible Fixed Assets'. The directors are of the opinion that the open market valuation of the company's land and buildings is in excess of their original cost. In the absence of a professional valuation the directors are are unable to quantify the excess. In the opinion of the directors there has been no impairment in relation to the company's land and buildings during the year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Grants

Capital grants are credited to deferred income and released to income in accordance with the depreciation policy of the asset involved.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,149,189

43,140

2,192,329

DEPRECIATION

At 1 April 2024

386,433

38,532

424,965

Charge for year

-

1,152

1,152

At 31 March 2025

386,433

39,684

426,117

NET BOOK VALUE

At 31 March 2025

1,762,756

3,456

1,766,212

At 31 March 2024

1,762,756

4,608

1,767,364

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

128,566

118,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors and accruals

7,639

22,676

Tax

51,864

13,064

Social security and other taxes

37,165

23,882

Deferred income

1,530

1,530

98,198

61,152

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Deferred income

more than 5 years

39,780

41,310

Deferred income

2 - 5 years

6,120

6,120

45,900

47,430

Amounts falling due in more than five years:

Repayable by instalments

Deferred income

more than 5 years

39,780

41,310

39,780

41,310

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,050

Ordinary

£1

940

1,050

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

2,610,913

-

2,610,913

Profit for the year

154,569

154,569

Purchase of own shares

(160,000

)

110

(159,890

)

At 31 March 2025

2,605,482

110

2,605,592

10.	ULTIMATE CONTROLLING PARTY

Directors own 95% of the issued share capital.