Registration number: 14402280

Leasow Properties Ltd

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Unaudited Financial Statements	6 to 8
Detailed Profit and Loss Account	9 to 10

Leasow Properties Ltd

Company Information

Directors

Mr Geoffrey Egginton Mrs Karen Egginton

Registered office

First Floor Offices 84-90 Market Street Hednesford Cannock Staffs WS12 1AG

Accountants

Bradley Accountancy Practice Limited First Floor Offices 84-90 Market Street Hednesford Cannock Staffs WS12 1AG

Leasow Properties Ltd

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Geoffrey Egginton

Mrs Karen Egginton

Principal activity

The principal activity of the company is Letting and operating of own or leased real estate

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

......................................... Mr Geoffrey Egginton Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Leasow Properties Ltd
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leasow Properties Ltd for the year ended 31 October 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Leasow Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Leasow Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Leasow Properties Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leasow Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Leasow Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leasow Properties Ltd. You consider that Leasow Properties Ltd 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 accounts of Leasow Properties Ltd. 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 accounts.

......................................

Bradley Accountancy Practice Limited
First Floor Offices
84-90 Market Street
Hednesford
Cannock
Staffs
WS12 1AG

29 July 2025

Leasow Properties Ltd

Profit and Loss Account for the Year Ended 31 October 2024

	Note	2024 £	2023 £
Turnover		380,000	-
Gross profit		380,000	-
Administrative expenses		(328)	-
Operating profit		379,672	-
Profit before tax		379,672	-
Tax on profit		(888)	-
Profit for the financial year		378,784	-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Leasow Properties Ltd

(Registration number: 14402280)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	375,000	-
Current assets
Debtors	5	61	100
Cash at bank and in hand		4,951	-
		5,012	100
Creditors: Amounts falling due within one year	6	(1,128)	-
Net current assets		3,884	100
Net assets		378,884	100
Capital and reserves
Called up share capital	7	100	100
Retained earnings		378,784	-
Shareholders' funds		378,884	100

For the financial year ending 31 October 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

......................................... Mr Geoffrey Egginton Director

Leasow Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor Offices
84-90 Market Street
Hednesford
Cannock
Staffs
WS12 1AG

These financial statements were authorised for issue by the Board on 29 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Leasow Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Leasow Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
Additions	375,000	375,000
At 31 October 2024	375,000	375,000
Depreciation
Carrying amount
At 31 October 2024	375,000	375,000

Included within the net book value of land and buildings above is £375,000 (2023 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current	2024 £	2023 £
Other debtors	61	100
	61	100

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	888	-
Accruals and deferred income	240	-
	1,128	-

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Oridnary of £1 each	100	100	100	100

Leasow Properties Ltd

Detailed Profit and Loss Account for the Year Ended 31 October 2024

	2024 £	2023 £
Turnover (analysed below)	380,000	-
Gross profit (%)	100%	0%
Administrative expenses
General administrative expenses (analysed below)	(328)	-
Operating profit	379,672	-
Profit before tax	379,672	-

Leasow Properties Ltd

Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024 £

2023 £

Turnover
Dividends received	375,000	-
Rent receivable	5,000	-
	380,000	-

General administrative expenses
Sundry expenses	(88)	-
Accountancy fees	(240)	-
	(328)	-