Leonard Jay One Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05265177 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEONARD JAY ONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

M B Jacobs

Mrs T J Jacobs

SECRETARY:

M B Jacobs

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

London

NW3 6LH

REGISTERED NUMBER:

05265177 (England and Wales)

ACCOUNTANTS:

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Tangible assets

4

1,000,241

900,070

CURRENT ASSETS

Stocks

201,356

433,621

Debtors

5

453,393

428,497

Cash at bank and in hand

229,607

187,145

884,356

1,049,263

CREDITORS

Amounts falling due within one year

6

599,771

760,965

NET CURRENT ASSETS

284,585

288,298

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,826

1,188,368

CREDITORS

Amounts falling due after more than one
year

7

(297,512

)

(472,075

)

PROVISIONS FOR LIABILITIES

(145,968

)

(150,968

)

NET ASSETS

841,346

565,325

CAPITAL AND RESERVES

Called up share capital

42,500

Non Distributable Reserves

257,905

182,905

Retained earnings

540,941

339,920

SHAREHOLDERS' FUNDS

841,346

565,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

M B Jacobs - Director

1.	STATUTORY INFORMATION

Leonard Jay One Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

Over the life of the lease

Improvements to property

-

Over the life of the lease

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

With the exception of Freehold Property, Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Freehold property is held at market value and is subject to an annual review of valuation and impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purpose on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Stock has been impaired in these Accounts because of the reduction in net realisable value resulting from the effect of Covid on trading conditions.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

property

leasehold

property

£

COST OR VALUATION

At 1 January 2024

900,000

2,296

2,720

Additions

-

Revaluations

100,000

-

At 31 December 2024

1,000,000

2,296

2,720

DEPRECIATION

At 1 January 2024

-

2,296

2,720

Charge for year

-

At 31 December 2024

-

2,296

2,720

NET BOOK VALUE

At 31 December 2024

1,000,000

-

At 31 December 2023

900,000

-

Fixtures

and

Computer

fittings

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

83,475

2,312

990,803

Additions

-

275

Revaluations

-

100,000

At 31 December 2024

83,475

2,587

1,091,078

DEPRECIATION

At 1 January 2024

83,475

2,242

90,733

Charge for year

-

104

At 31 December 2024

83,475

2,346

90,837

NET BOOK VALUE

At 31 December 2024

-

241

1,000,241

At 31 December 2023

-

70

900,070

Cost or valuation at 31 December 2024 is represented by:

Improvements

Freehold

Short

to

property

leasehold

property

£

Valuation in 2023

243,873

-

Valuation in 2025

100,000

-

Cost

656,127

2,296

2,720

1,000,000

2,296

2,720

Fixtures

and

Computer

fittings

equipment

Totals

£

Valuation in 2023

-

243,873

Valuation in 2025

-

100,000

Cost

83,475

2,587

747,205

83,475

2,587

1,091,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

16,172

22,080

Other debtors

51,081

31,813

Directors' loan accounts

351,655

281,175

Tax

-

65,935

Prepayments and accrued income

34,485

27,494

453,393

428,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

174,924

189,900

Trade creditors

264,752

314,639

Social security and other taxes

7,785

7,837

Pension

1,613

1,463

VAT

65,676

9,779

Other creditors

72,471

231,627

Accruals and deferred income

12,550

5,720

599,771

760,965

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

149,049

189,649

Bank loans - 2-5 years

148,463

282,426

297,512

472,075

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leonard Jay One Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leonard Jay One Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leonard Jay One Limited and state those matters that we have agreed to state to the Board of Directors of Leonard Jay One Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leonard Jay One Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leonard Jay One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leonard Jay One Limited. You consider that Leonard Jay One Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leonard Jay One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

29 September 2025