ACCOUNTS - Final Accounts preparation

Company registration number: 09312360

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	LEES-MILNE INVESTMENTS LIMITED


LEES-MILNE INVESTMENTS LIMITED REGISTERED NUMBER:09312360

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		2,290,547		2,518,143
			2,290,547		2,518,143
Current assets
Debtors: amounts falling due within one year	5	100		100
		100		100
Creditors: amounts falling due within one year	6	(4,116)		(83,688)
Net current liabilities			(4,016)		(83,588)
Total assets less current liabilities			2,286,531		2,434,555
Creditors: amounts falling due after more than one year	7		(1,512,317)		(1,600,770)
Provisions for liabilities
Deferred tax		(26,049)		(43,156)
			(26,049)		(43,156)
Net assets			748,165		790,629

Capital and reserves
Called up share capital	100	100
Investments fair value	78,148	129,469
Profit and loss account	669,917	661,060
	748,165	790,629

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LEES-MILNE INVESTMENTS LIMITED REGISTERED NUMBER:09312360

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

R E W Robinson

Director

Date: 29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

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LEES-MILNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Lees-Milne 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

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LEES-MILNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees during the year was 2 (2024 - 2).

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 1 April 2024	2,518,143
	Disposals	(159,168)
	Revaluations	(68,428)
	At 31 March 2025	2,290,547

Debtors

					2025	2024
					£	£


Other debtors	100	100
	100	100

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	3,000
Corporation tax	516	77,088
Accruals and deferred income	3,600	3,600
	4,116	83,688

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other creditors	1,512,317	1,600,770
	1,512,317	1,600,770

Other creditors are secured by way of a fixed and floating charge over the assets of the company.

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LEES-MILNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Related party transactions
	At the balance sheet date and included in creditors amounts falling due after more than one year, the company owed the directors £1,512,317 (2024: £1,600,770). This amount is considered interest free and repayable on giving appropriate notice to the company.

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