LEFA Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08413591

LEFA PROPERTY LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

LEFA PROPERTY LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 4

LEFA PROPERTY LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Stocks	4	570,000	696,720
Debtors	5	2,844	2,953
Cash at bank and in hand		9,545	5,846
		---------	---------
		582,389	705,519

Creditors: amounts falling due within one year	6	284,525		287,063
		---------		---------
Net current assets			297,864	418,456
			---------	---------
Total assets less current liabilities			297,864	418,456
			---------	---------
Net assets			297,864	418,456
			---------	---------

Capital and reserves

Called up share capital	7	10,000	10,000
Profit and loss account		287,864	408,456
		---------	---------
Shareholders funds		297,864	418,456
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr W M B O'Doherty

Director

Company registration number: 08413591

LEFA PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

Revenue recognition

Revenue refers to the revenue generated from the company's principal activity; the development and sale of properties. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for properties sold. Revenue from the sale of properties is recognised when the significant risks and rewards of ownership of the properties have transferred to the buyer, usually upon the presentation of a completion statement, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised directly in equity. In this case, tax is recognised directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of development and other costs incurred in bringing a property to its present condition.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of comprehensive income on a straight line basis over the period of the lease.

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each financial statement date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

4. Stocks

	2024	2023
	£	£
Raw materials and consumables	570,000	696,720
	---------	---------

5. Debtors

	2024	2023
	£	£
Other debtors	2,844	2,953
	-------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	656	71
Amounts owed to group undertakings and undertakings in which the company has a participating interest	282,164	276,118
Corporation tax	–	2,467
Other creditors	1,705	8,407
	---------	---------
	284,525	287,063
	---------	---------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------