Ledra Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02073861 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

LEDRA INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N. Hambi

S. Hambi

E Hambi

SECRETARY:

S. Hambi

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

02073861 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

7,018,907

7,046,009

Investments

5

2

7,018,909

7,046,011

CURRENT ASSETS

Stocks

3,001

2,501

Debtors

6

4,208

3,995

Cash at bank and in hand

299,067

351,924

306,276

358,420

CREDITORS

Amounts falling due within one year

7

(220,672

)

(260,736

)

NET CURRENT ASSETS

85,604

97,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,104,513

7,143,695

CREDITORS

Amounts falling due after more than one
year

8

(850,754

)

(920,953

)

PROVISIONS FOR LIABILITIES

9

(1,091,573

)

(1,093,179

)

NET ASSETS

5,162,186

5,129,563

CAPITAL AND RESERVES

Called up share capital

10

125,000

Revaluation reserve

4,402,238

Retained earnings

634,948

602,325

SHAREHOLDERS' FUNDS

5,162,186

5,129,563

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

N. Hambi - Director

S. Hambi - Director

1.	STATUTORY INFORMATION

Ledra Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Ledra Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company holds the entire share capital of Ledra Hotels Ltd which owns one of the two freehold properties in the group. However the company has never traded and has always been dormant. As a result and in order to reflect the true position of the bank loans secured against the properties, the freehold is shown as a fixed asset in Ledra Investments Ltd.

Turnover

Turnover represents sales of goods and services net of VAT and trade discounts. Income is recognised to the year end date.

Tangible fixed assets

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

Freehold property

-

Building only over 100 years on building

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

The policy of depreciating the building element of the properties over 100 years is based on the fact that they were built over 150 years ago, and due to the continued high levels of maintenance on them. Therefore the expected lifespan and use is estimated to be for at least a further similar length of time.

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets under finance lease and hire purchase contract are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligation is charged to the profit and loss account over the period of lease at a constant proportion of outstanding balance of capital repayments.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

7,000,000

36,847

570,442

40,883

7,648,172

Additions

-

19,546

243

19,789

At 31 December 2024

7,000,000

36,847

589,988

41,126

7,667,961

DEPRECIATION

At 1 January 2024

81,156

17,826

470,913

32,268

602,163

Charge for year

17,500

3,804

23,815

1,772

46,891

At 31 December 2024

98,656

21,630

494,728

34,040

649,054

NET BOOK VALUE

At 31 December 2024

6,901,344

15,217

95,260

7,086

7,018,907

At 31 December 2023

6,918,844

19,021

99,529

8,615

7,046,009

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

Valuation in 2019

1,432,034

-

1,432,034

Valuation in 2015

937,000

-

937,000

Valuation in 2011

292,709

-

292,709

Valuation in 2010

800,000

-

800,000

Valuation in 2006

1,000,000

-

1,000,000

Valuation in 2000

700,000

-

700,000

Valuation in 1995

305,938

-

305,938

Cost

1,532,319

36,847

589,988

41,126

2,200,280

7,000,000

36,847

589,988

41,126

7,667,961

If the freehold land and building had not been revalued they would have been included at the following historical cost:

31/12/24

31/12/23

£

Cost

1,532,319

The fair value of the freehold properties as of December 2024 has been arrived primarily based on a valuation performed on the date by the directors, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location, considering the general condition of the properties, the number of rooms and general facilities.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Ledra Hotels Limited

Registered office: Global House, 303 Ballards Lane, N12 8NP

Nature of business: Legal owner of freehold hotel property

%

Class of shares:

holding

Ordinary

100.00

31/12/24

31.12.23

£

Aggregate capital and reserves

100

The cost of shares of Ledra Hotels Ltd being £100 has not been included in the company's balance sheet as an investment. The freehold property that it owns has been included as an asset in the holding company's accounts in accordance with the accounting policy note on the preparation of consolidated financial statements.

Nestto Limited

Registered office: Global House, 303 Ballards Lane, N12 8NP

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

Nestto Limited is a dormant company with no reserves.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Other debtors

4,208

3,995

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Bank loans and overdrafts

67,988

65,778

Trade creditors

30,148

37,572

Taxation and social security

87,330

117,298

Other creditors

35,206

40,088

220,672

260,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Bank loans

850,754

920,953

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - 5 years or more

552,936

622,639

The bank loans are secured by first legal charges over the properties of the company and its subsidiary, and an unlimited mortgage debenture over the assets of the company incorporating a fixed and floating charge.

9.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

Deferred tax

Accelerated capital allowances

22,085

23,691

Other timing differences

1,069,488

1,091,573

1,093,179

Deferred

tax

£

Balance at 1 January 2024

1,093,179

Provided during year

(1,606

)

Balance at 31 December 2024

1,091,573

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

75,000

Ordinary

£1

75,000

50,000

Ordinary Non-voting

£1

50,000

125,000