Lebus Furniture Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05570738 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Lebus Furniture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Van Der Veen

J Brewster

K F Walker

N M Cawood

SECRETARY:

N M Cawood

REGISTERED OFFICE:

Queensway Industrial Estate

Dunlop Way

Scunthorpe

North Lincolnshire

DN16 3RN

REGISTERED NUMBER:

05570738 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

FIXED ASSETS

Investments

4

2

Investment property

5

4,500,000

4,500,002

CREDITORS

Amounts falling due within one year

6

2,768,026

3,039,733

NET CURRENT LIABILITIES

(2,768,026

)

(3,039,733

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,976

1,460,269

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

1,731,975

1,460,268

SHAREHOLDERS' FUNDS

1,731,976

1,460,269

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 29 September 2025 and were signed on its behalf by:

N M Cawood - Director

1.	STATUTORY INFORMATION

Lebus Furniture 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

This information is included in the consolidated financial statements of Lebus Upholstery Limited as at 31 December 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	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 Balance Sheet date in the share capital of companies include the following:

Dunlop Properties Limited

Registered office: Queensway Industrial Estate, Dunlop Way, Scunthorpe, North Lincolnshire, DN16 3RN

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary share

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

1

Dunlop Properties (No. 2) Limited

Registered office: Queensway Industrial Estate, Dunlop Way, Scunthorpe, North Lincolnshire, DN16 3RN

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

Aggregate capital and reserves

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,500,000

NET BOOK VALUE

At 31 December 2024

4,500,000

At 31 December 2023

4,500,000

The directors consider the valuation of the investment property remains accurate and no adjustment is needed.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

2,658,833

2,929,928

Taxation and social security

90,569

80,862

Other creditors

18,624

28,943

2,768,026

3,039,733

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

Ordinary

£1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jennifer Toulson FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited