Registered number: 00889226
FOR THE YEAR ENDED 31 DECEMBER 2024
LEIGHTONS HOLDINGS LIMITED
COMPANY INFORMATION
LEIGHTONS HOLDINGS LIMITED
CONTENTS
LEIGHTONS HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their strategic report for the year ended 31 December 2024.
The principal activity of the Group was that of retail opticians and audiology services.
Leightons operates in the premium segments of its respective markets and continues to differentiate with a focus on highly personalised, clinical and caring service, together with best in market products.
In 2024, the Group delivered:
• A record revenue of £57.8m, with year-on-year growth of 11% and over half of Group revenue now being attributed to audiology services
• Continued strong performance of the branch network of 36 sites
• An increase in nationwide audiology partners to over 300
The Group continues to invest in staff recruitment, training and career development with a focus on clinical, customer experience, leadership, communication and financial management.
Leightons operates in the premium segments of its respective markets and continues to differentiate with a focus on highly personalised, clinical and caring service, together with best in market products.
In 2024, the Group delivered:
• A record revenue of £57.8m, with year-on-year growth of 11% and over half of Group revenue now being attributed to audiology services
• Continued strong performance of the branch network of 36 sites
• An increase in nationwide audiology partners to over 300
The Group continues to invest in staff recruitment, training and career development with a focus on clinical, customer experience, leadership, communication and financial management.
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LEIGHTONS HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The business remains committed to the growth strategy and efficiency enhancements, with the benefits of these investments expected to continue to yield growth across all areas of the business in 2025. EBITDA margin in 2024 is 7.5%. As a result of revenue growth and efficiency enhancements we expect EBITDA margin to increase to c10% in 2025.
The Group will continue to invest into the people, systems and services that will help support customers and partners with a market-leading optical and audiology service.
Principal risks and uncertainties
The Group significantly reduced its future financial risks by making a payment in the year of £4.6m to settle the defined benefit pension deficit. The Group will be seeking a full buy out of its pension scheme in 2025 to eliminate future financial risks arising from the pension scheme.
The Group is exposed to the wider economic conditions, specifically the tightening of monetary policy and the increase of cost of living in the UK.
The Group will continue to invest into the people, systems and services that will help support customers and partners with a market-leading optical and audiology service.
Principal risks and uncertainties
The Group significantly reduced its future financial risks by making a payment in the year of £4.6m to settle the defined benefit pension deficit. The Group will be seeking a full buy out of its pension scheme in 2025 to eliminate future financial risks arising from the pension scheme.
The Group is exposed to the wider economic conditions, specifically the tightening of monetary policy and the increase of cost of living in the UK.
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LEIGHTONS HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This statement, which forms part of the Strategic Report, for Leightons Holdings and group and is intended to show how the Directors have approached and met their responsibilities under Section 172(1) statement in accordance with the Companies Act 2006.
As directors of the company, we have duly considered our duty to promote the success of the company for the benefit of its members as a whole, taking into account various matters outlined under Section 172(1).
The Board has carefully assessed the likely consequences of any decision on the long-term. We recognise the importance of maintaining sustainable growth and maximising value for all stakeholders, and at our monthly Board meetings we review the potential impact of short-term changes against the future success of the company. The Board has focused this year on developing our purpose of helping people to see and to hear in order that they can live life to the full and with a strategy of improving customer experience, building stronger teams and delivering quality growth.
The Board takes a longer-term view into consideration with investments that support a highly personalised and differentiated customer experience whilst also being able to support the growth of a high-quality business. These decisions in turn provide positive cash flows and a strong balance sheet and have allowed the Group to clear the deficit in Leightons’ defined benefit pension scheme in the year.
The Board receives regular reports from across the business on performance, financial results and the implementation of projects whilst also taking into context external events such as increased interest rates that might have an impact on consuming spending. The Board reviews the feedback monthly and takes learnings and makes corrective action as required.
The Board have given significant attention to the interests of the company's employees. We believe that our highly engaged and passionate people are the most crucial element to enable the delivery of our high value service. The Board is proactive in facilitating support and making investments to create highly attractive conditions and an environment that allows our people to thrive and excel in their chosen areas of specialisation with opportunity for positive career development. In turn we aim to recruit and retain the very best talent in our market, and they play a central role in the overall success of our business. The Directors ensure that the Group is an equal opportunities employer and is fair to its employees in pay and benefits. We continually strive to create an inspiring, safe, fair, and productive work environment, fostering positive employee relations and facilitating professional growth opportunities.
The Board acknowledges and is proactive in nurturing and enhancing our business relationships with suppliers, partners, customers, and other key stakeholders. We understand the significance of maintaining strong collaborations and partnerships to ensure mutual benefits that contribute to the company's long-term growth and sustainability.
It is stated as part of our values or DNA that we listen, empathise, educate and delight and this goes for our approach to our customers, suppliers and our people. With this DNA at the heart of decision making we believe that we act with aligned interests and in pursuit of the higher purpose of helping people to live life more fully through the care, products and services that we provide.
The Board strongly believes in upholding the highest standards of business conduct, as reflected in our integrity, transparency, and ethical practices. Maintaining a reputation for acting responsibly from a clinical perspective is of utmost importance to us. These standards are upheld not just by our values and culture, and by the business and our qualified staff belonging to the relevant regulatory bodies but also by our ongoing audits, training and development.
The Directors recognise their responsibility to act fairly between the members of the company. We strive to ensure fair treatment and equality among our members, considering their respective interests and rights in a balanced and unbiased manner.
As directors of the company, we have duly considered our duty to promote the success of the company for the benefit of its members as a whole, taking into account various matters outlined under Section 172(1).
The Board has carefully assessed the likely consequences of any decision on the long-term. We recognise the importance of maintaining sustainable growth and maximising value for all stakeholders, and at our monthly Board meetings we review the potential impact of short-term changes against the future success of the company. The Board has focused this year on developing our purpose of helping people to see and to hear in order that they can live life to the full and with a strategy of improving customer experience, building stronger teams and delivering quality growth.
The Board takes a longer-term view into consideration with investments that support a highly personalised and differentiated customer experience whilst also being able to support the growth of a high-quality business. These decisions in turn provide positive cash flows and a strong balance sheet and have allowed the Group to clear the deficit in Leightons’ defined benefit pension scheme in the year.
The Board receives regular reports from across the business on performance, financial results and the implementation of projects whilst also taking into context external events such as increased interest rates that might have an impact on consuming spending. The Board reviews the feedback monthly and takes learnings and makes corrective action as required.
The Board have given significant attention to the interests of the company's employees. We believe that our highly engaged and passionate people are the most crucial element to enable the delivery of our high value service. The Board is proactive in facilitating support and making investments to create highly attractive conditions and an environment that allows our people to thrive and excel in their chosen areas of specialisation with opportunity for positive career development. In turn we aim to recruit and retain the very best talent in our market, and they play a central role in the overall success of our business. The Directors ensure that the Group is an equal opportunities employer and is fair to its employees in pay and benefits. We continually strive to create an inspiring, safe, fair, and productive work environment, fostering positive employee relations and facilitating professional growth opportunities.
The Board acknowledges and is proactive in nurturing and enhancing our business relationships with suppliers, partners, customers, and other key stakeholders. We understand the significance of maintaining strong collaborations and partnerships to ensure mutual benefits that contribute to the company's long-term growth and sustainability.
It is stated as part of our values or DNA that we listen, empathise, educate and delight and this goes for our approach to our customers, suppliers and our people. With this DNA at the heart of decision making we believe that we act with aligned interests and in pursuit of the higher purpose of helping people to live life more fully through the care, products and services that we provide.
The Board strongly believes in upholding the highest standards of business conduct, as reflected in our integrity, transparency, and ethical practices. Maintaining a reputation for acting responsibly from a clinical perspective is of utmost importance to us. These standards are upheld not just by our values and culture, and by the business and our qualified staff belonging to the relevant regulatory bodies but also by our ongoing audits, training and development.
The Directors recognise their responsibility to act fairly between the members of the company. We strive to ensure fair treatment and equality among our members, considering their respective interests and rights in a balanced and unbiased manner.
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LEIGHTONS HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
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LEIGHTONS HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The directors of the company were Richard Leighton, Ryan Leighton, Tanya Leighton, Lisa Lewington, Rebecca Sharp and Andreas Panteli (appointed 6 January 2025).
The company has no qualifying third party indemnity provisions in force.
During the audit process, the Company provided the auditors with complete access to all relevant financial records, documentation, and information required for their examination.
The Company did not make any political donations during the fiscal year.
The Company acknowledges that various risks are associated with the use of financial instruments in the course of business activities. These risks can encompass market volatility, interest rate fluctuations, and foreign exchange rate movements, among others.
It is important to note that the Company's financial strategy is structured in such a way that it minimizes exposure to these risks. As a matter of policy, the Company does not utilise any financial instruments, such as derivatives or options, in its financial operations. Consequently, the risks commonly associated with such instruments do not apply to our financial positions.
Our approach to financial risk management is rooted in simplicity and stability, with a primary focus on preserving and enhancing shareholder value. By refraining from the use of financial instruments, we aim to maintain a straightforward and transparent financial profile that aligns with our commitment to responsible and conservative financial practices.
As we review the period following the conclusion of the financial year, we find that there were no specific important events that directly impacted the company during this time. Our operations continued in accordance with our business plan, and we maintained stability and consistency in our activities.
This lack of specific events should not be interpreted as a lack of action or progress. On the contrary, we have been diligently focused on the execution of our strategic initiatives and the continued growth and improvement of our business.
Our commitment to delivering value to our stakeholders remains steadfast, and we are dedicated to providing any necessary updates or disclosures should any significant events arise in the future. We take pride in our transparency and accountability to our shareholders and other stakeholders and will promptly communicate any material developments that may impact our business.
The Company is committed to expanding its core operations at Leightons and The Hearing Care Partnership in the coming year, with a focus on enhancing the service proposition and improving the customer experience. The business will continue to grow the number of new hearing care partners and will also expand via acquisition to enhance shareholder value.
At Leightons and The Hearing Care Partnership we have adopted a comprehensive approach to innovation that extends beyond the traditional boundaries of Research and Development (R&D). While R&D plays a vital role in many industries, our strategy is to foster innovation across every facet of our operations.
Our commitment to innovation is reflected in our approach to not only enhance our products and services but also to streamline and optimise our internal processes. We firmly believe that innovation is not confined to a specific department but should permeate every aspect of our business.
At this juncture, for the current financial period, our Board of Directors has decided not to recommend any dividend distribution. This decision aligns with our strategic focus on reinvesting in the growth and sustainability of our company.
The company has no qualifying third party indemnity provisions in force.
During the audit process, the Company provided the auditors with complete access to all relevant financial records, documentation, and information required for their examination.
The Company did not make any political donations during the fiscal year.
The Company acknowledges that various risks are associated with the use of financial instruments in the course of business activities. These risks can encompass market volatility, interest rate fluctuations, and foreign exchange rate movements, among others.
It is important to note that the Company's financial strategy is structured in such a way that it minimizes exposure to these risks. As a matter of policy, the Company does not utilise any financial instruments, such as derivatives or options, in its financial operations. Consequently, the risks commonly associated with such instruments do not apply to our financial positions.
Our approach to financial risk management is rooted in simplicity and stability, with a primary focus on preserving and enhancing shareholder value. By refraining from the use of financial instruments, we aim to maintain a straightforward and transparent financial profile that aligns with our commitment to responsible and conservative financial practices.
As we review the period following the conclusion of the financial year, we find that there were no specific important events that directly impacted the company during this time. Our operations continued in accordance with our business plan, and we maintained stability and consistency in our activities.
This lack of specific events should not be interpreted as a lack of action or progress. On the contrary, we have been diligently focused on the execution of our strategic initiatives and the continued growth and improvement of our business.
Our commitment to delivering value to our stakeholders remains steadfast, and we are dedicated to providing any necessary updates or disclosures should any significant events arise in the future. We take pride in our transparency and accountability to our shareholders and other stakeholders and will promptly communicate any material developments that may impact our business.
The Company is committed to expanding its core operations at Leightons and The Hearing Care Partnership in the coming year, with a focus on enhancing the service proposition and improving the customer experience. The business will continue to grow the number of new hearing care partners and will also expand via acquisition to enhance shareholder value.
At Leightons and The Hearing Care Partnership we have adopted a comprehensive approach to innovation that extends beyond the traditional boundaries of Research and Development (R&D). While R&D plays a vital role in many industries, our strategy is to foster innovation across every facet of our operations.
Our commitment to innovation is reflected in our approach to not only enhance our products and services but also to streamline and optimise our internal processes. We firmly believe that innovation is not confined to a specific department but should permeate every aspect of our business.
At this juncture, for the current financial period, our Board of Directors has decided not to recommend any dividend distribution. This decision aligns with our strategic focus on reinvesting in the growth and sustainability of our company.
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LEIGHTONS HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
As of the latest reporting period, our company's operations are primarily concentrated within the United Kingdom. While we have a robust and diverse presence in the UK, we do not currently have branches or subsidiaries operating outside the UK.
The directors recognise the importance of promoting staff involvement within the organisation and endeavour to create a culture in which individuals feel part of a team. Business related and social matters are communicated regularly to all employees via various routes including virtual conferences, intranet and regular branch, area and company wide meetings. In addition to day to day employee feedback, staff surveys are conducted, enabling employee views from across the whole company to be considered.
The recruitment process must result in the selection of the most suitable candidate for the job on the basis of their experience and qualifications. Applications must be considered from all sections of the community for all vacancies. Only qualifications and skills that are essential for the position should be established as criteria for selection and these may include academic or professional qualifications and experience. No pre-judgements should be made by recruiters on the suitability of an applicant because of their race, sex, sexual orientation, religious belief or disability and all applicants should be given equal consideration.
Leightons believe that its most valuable resource is its Employees and that appropriate training and development opportunities should be available to all Employees irrespective of race, colour, nationality, ethnic origin, disability, age, sex, sexual orientation, gender reassignment, pregnancy, religion or belief or marital status. The Company encourages all Employees to develop in their career for the mutual benefit of both the Company and individual.
Leightons strive to determine and put in place reasonable adjustments for new or existing employees with a disability. Employees who become disabled during their working life will be retained in employment wherever possible and will receive appropriate retraining and workplace modification where possible to facilitate their return to work.
In the spirit of fostering robust business relationships, our company is committed to engaging proactively with our suppliers, customers, and various stakeholders. Throughout the year, our board of directors has consistently considered the importance of nurturing these relationships, recognising their pivotal role in our company's growth and sustainability.
Our engagement efforts have been multifaceted, encompassing various aspects of our business operations:
Supplier Relations: We have maintained open channels of communication with our suppliers, working collaboratively to ensure the timely delivery of high-quality materials and services. This engagement has allowed us to enhance efficiency, optimise costs, and strengthen the reliability of our supply chain.
Customer-Centric Approach: Our dedication to customer service has been unwavering. We have actively sought feedback from our customers, valuing their insights to refine our products and services. This approach has contributed to improved customer experiences and strengthened brand loyalty.
Stakeholders: We have engaged with our key stakeholders to better understand their perspectives and concerns. These dialogues have influenced our strategic decisions, including those related to corporate responsibility, sustainability, and corporate governance.
Decision-Making Impact: Our commitment to fostering business relationships has directly impacted our decision-making processes and ensure that they align with the expectations and interests of our stakeholders.
As we move forward, we remain dedicated to the principles of openness, transparency, and collaboration in our interactions with suppliers, customers, and other stakeholders. We recognise that these relationships are integral to our success and will continue to be central to our strategic direction.
This response emphasizes the company's commitment to engaging with stakeholders, highlights the positive
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LEIGHTONS HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
impact of these engagements on decision-making, and underscores the importance of these relationships for future endeavors.
STREAMLINED ENERGY & CARBON REPORTING
GHG Emissions and Energy Consumption
Energy Efficiency and Environmental Actions
Our head office and 20 practices have been refurbished in the last 4 years which has seen an update in lighting systems to incorporate LED technology and replacement air conditioning units resulting in an accumulative reduction in energy consumption by up to 30%. Our property strategy will be to continue this process next year with a further 5 branches expected to have the same upgrades applied.
Our car fleet contains 50 fully electric cars and 49 plug-in hybrid cars which help to create a more sustainable environment whilst supporting our employees with reduced running costs and P11D values to aid our employee proposition.
STREAMLINED ENERGY & CARBON REPORTING
GHG Emissions and Energy Consumption
Energy Efficiency and Environmental Actions
Our head office and 20 practices have been refurbished in the last 4 years which has seen an update in lighting systems to incorporate LED technology and replacement air conditioning units resulting in an accumulative reduction in energy consumption by up to 30%. Our property strategy will be to continue this process next year with a further 5 branches expected to have the same upgrades applied.
Our car fleet contains 50 fully electric cars and 49 plug-in hybrid cars which help to create a more sustainable environment whilst supporting our employees with reduced running costs and P11D values to aid our employee proposition.
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LEIGHTONS HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The principal risks and uncertainties, financial key performance indicators and future developments (outlook) are covered in the Strategic report.
This report was approved by the board and signed on its behalf.
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LEIGHTONS HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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LEIGHTONS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEIGHTONS HOLDINGS LIMITED
We have audited the financial statements of Leightons Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2024, which comprise the Consolidated statement of comprehensive income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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LEIGHTONS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEIGHTONS HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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LEIGHTONS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEIGHTONS HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the Group and parent Company and the industry in which it operates, and considered the risk of acts by the Group and parent Company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation.
Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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LEIGHTONS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEIGHTONS HOLDINGS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Wey Court West
Union Road
Surrey
GU9 7PT
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LEIGHTONS HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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LEIGHTONS HOLDINGS LIMITED
REGISTERED NUMBER: 00889226
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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LEIGHTONS HOLDINGS LIMITED
REGISTERED NUMBER: 00889226
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 31 to 70 form part of these financial statements.
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LEIGHTONS HOLDINGS LIMITED
REGISTERED NUMBER: 00889226
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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LEIGHTONS HOLDINGS LIMITED
REGISTERED NUMBER: 00889226
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 31 to 70 form part of these financial statements.
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