Leehaunt Limited Company accounts

COMPANY REGISTRATION NUMBER: 01628917

Leehaunt Limited

Unaudited Abridged Financial Statements

31 December 2024

Leehaunt Limited

Abridged Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Directors' report	2

Abridged statement of income and retained earnings	3

Abridged statement of financial position	4 to 5

Notes to the abridged financial statements	6 to 8

Leehaunt Limited

Officers and Professional Advisers

The board of directors	K. J. Johnson
	R. L. Talbot

Company secretary	M. Johnson

Registered office	Lynsdale
	Tinkers Lane
	Brewood
	Staffordshire
	ST19 9DD

Accountants	Daw White Murrall
	Chartered accountants
	1 George Street
	Snow Hill
	Wolverhampton
	WV2 4DG

Bankers	Lloyds Bank Plc
	22 Conduit Street
	Lichfield
	Staffordshire
	WS13 6JS

Leehaunt Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

K. J. Johnson	(Appointed 14 December 2024)
R. L. Talbot	(Appointed 7 November 2024)
K.B. Johnson	(Died 14 December 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2025 and signed on behalf of the board by:

R. L. Talbot

Director

Leehaunt Limited

Abridged Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Gross profit	21,239	25,760

Administrative expenses	20,503	5,573
	--------	--------
Operating profit	736	20,187

Interest payable and similar expenses	170	1,923
	--------	--------
Profit before taxation	566	18,264

Tax on profit	2,236	( 2,890)
	-------	--------
(Loss)/profit for the financial year and total comprehensive income	( 1,670)	21,154
	-------	--------

Dividends paid and payable	–	( 1,000)

Retained earnings at the start of the year	220,092	199,938
	---------	---------
Retained earnings at the end of the year	218,422	220,092
	---------	---------

All the activities of the company are from continuing operations.

Leehaunt Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		227,586	330,000

Current assets

Cash at bank and in hand	50,027		257

Creditors: amounts falling due within one year	26,924		80,046
	--------		--------
Net current assets/(liabilities)		23,103	( 79,789)
		---------	---------
Total assets less current liabilities		250,689	250,211

Provisions

Taxation including deferred tax	32,168	30,020
	---------	---------
Net assets	218,521	220,191
	---------	---------

Capital and reserves

Called up share capital	99	99
Profit and loss account	218,422	220,092
	---------	---------
Shareholders funds	218,521	220,191
	---------	---------

These abridged financial statements have been prepared 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'.

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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

Leehaunt Limited

Abridged Statement of Financial Position (continued)

31 December 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

R. L. Talbot

Director

Company registration number: 01628917

Leehaunt Limited

Notes to the Abridged 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 Lynsdale, Tinkers Lane, Brewood, Staffordshire, ST19 9DD.

2. Statement of compliance

These abridged 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 abridged 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 profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the rental income received or receivable and represents amounts receivable from tenants for occupation of the company's investment properties.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

The company's properties are accounted for in accordance with the provisions of Statement of Standard Accounting Practice 19 (Investment Properties). This statement requires that investment properties are not depreciated and are revalued at each year end based upon its open market value.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	£
Cost
At 1 January 2024	330,000
Disposals	( 102,414)
	---------
At 31 December 2024	227,586
	---------
Depreciation
At 1 January 2024 and 31 December 2024	–
	---------
Carrying amount
At 31 December 2024	227,586
	---------
At 31 December 2023	330,000
	---------

During June 2016, as part of a refinancing package, the company's existing freehold rental properties were revalued and the premises purchased were valued for the company's bankers.

Tangible assets held at valuation

During June 2016, as part of a refinancing package, the company's existing freehold rental properties were revalued and the premises purchased were valued for the company's bankers. The premises were valued on an open market basis with existing tenants at a value of £330,000. In December 2024 one of the rental property units was sold leaving a freehold property value remaining of £227,586.

5. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	227,586	330,000
	---------	---------

Financial instruments such as trade debtors, cash and trade creditors arise directly from the companys's operations.

6. Related party transactions

At 31 December 2024 the company had outstanding loans due to the directors of £6,516 (2023: £59,716) included within other creditors.