Leydon Lettings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14501161

Leydon Lettings Ltd

Filleted Unaudited Financial Statements

30 June 2025

Leydon Lettings Ltd

Financial Statements

Year ended 30 June 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Leydon Lettings Ltd

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	375,974	375,974
Investment Property	6	12,271,000	12,271,000
		-------------	-------------
		12,646,974	12,646,974

Current assets

Debtors	7	58,431	68,472
Cash at bank and in hand		292,137	127,102
		---------	---------
		350,568	195,574

Creditors: amounts falling due within one year	8	529,996	460,956
		---------	---------
Net current liabilities		179,428	265,382
		-------------	-------------
Total assets less current liabilities		12,467,546	12,381,592

Creditors: amounts falling due after more than one year	9	6,895,648	6,905,020
		-------------	-------------
Net assets		5,571,898	5,476,572
		-------------	-------------

Capital and reserves

Called up share capital	5,461,192	5,461,192
Profit and loss account	110,706	15,380
	------------	------------
Shareholders funds	5,571,898	5,476,572
	------------	------------

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 30 June 2025 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 .

Leydon Lettings Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

Mr R Leydon	Mrs R Leydon
Director	Director

Company registration number: 14501161

Leydon Lettings Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for letting of residential property.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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.

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. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 July 2024 and 30 June 2025	375,264	710	375,974
	---------	----	---------
Depreciation
At 1 July 2024 and 30 June 2025	–	–	–
	---------	----	---------
Carrying amount
At 30 June 2025	375,264	710	375,974
	---------	----	---------
At 30 June 2024	375,264	710	375,974
	---------	----	---------

Fixtures and fittings and Motor Vehicles transferred from the former partnership are recognised at a deemed base value, representing their residual economic value to the company. These assets were fully depreciated in the partnership and are not subject to further depreciation, as their carrying value reflects their residual value.

6. Investment property

	Total
	£
Cost
At 1 July 2024 and 30 June 2025	12,271,000
	-------------
Impairment
At 1 July 2024 and 30 June 2025	–
	-------------

Carrying amount
At 30 June 2025	12,271,000
	-------------
At 30 June 2024	12,271,000
	-------------

The directors consider the current market value of the properties to have remained unchanged from when they were acquired. As such the properties remain included at the cost value.

7. Debtors

	2025	2024
	£	£
Trade debtors	57,012	63,067
Other debtors	1,419	5,405
	--------	--------
	58,431	68,472
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,372	9,930
Trade creditors	6,801	6,864
Corporation tax	32,872	17,223
Other creditors	480,951	426,939
	---------	---------
	529,996	460,956
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,895,648	6,905,020
	------------	------------

Bank loans are secured on the investment properties held by the company.

10. Related party transactions

At the year end the company jointly owed the directors £278,245 (2024: £215,079).