| LIFESTYLE-LETS & LEASE LTD |
| Registered number: |
07147583 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
143,682 |
|
|
143,682 |
| Investments |
4 |
|
|
848,793 |
|
|
848,793 |
|
|
|
|
992,475 |
|
|
992,475 |
|
| Current assets |
| Debtors |
5 |
|
2,159,903 |
|
|
2,239,903 |
| Investments held as current assets |
6 |
|
14,484 |
|
|
14,484 |
| Cash at bank and in hand |
|
|
19,903 |
|
|
38 |
|
|
|
2,194,290 |
|
|
2,254,425 |
|
| Creditors: amounts falling due within one year |
7 |
|
(1,221,942) |
|
|
(1,176,802) |
|
| Net current assets |
|
|
|
972,348 |
|
|
1,077,623 |
|
| Total assets less current liabilities |
|
|
|
1,964,823 |
|
|
2,070,098 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(2,132,990) |
|
|
(2,244,224) |
|
|
|
| Net liabilities |
|
|
|
(168,167) |
|
|
(174,126) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101,000 |
|
|
101,000 |
| Profit and loss account |
|
|
|
(269,167) |
|
|
(275,126) |
|
| Shareholder's funds |
|
|
|
(168,167) |
|
|
(174,126) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| TINO PIELSTICKER |
| Director |
| Approved by the board on 30 November 2025 |
|
| LIFESTYLE-LETS & LEASE LTD |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Leasehold Land and buildings are held under fixed term leases >7 years. The Leases were assigned to Lifestyle-Lease & Lets Ltd. The title of these lease are recorded in land Registry records.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
at 18% on reducing balance method |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2024 |
45,000 |
|
388,175 |
|
433,175 |
433,175 |
|
At 28 February 2025 |
45,000 |
|
388,175 |
|
433,175 |
433,175 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
45,000 |
|
244,493 |
|
289,493 |
289,493 |
|
At 28 February 2025 |
45,000 |
|
244,493 |
|
289,493 |
289,493 |
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
- |
|
143,682 |
|
143,682 |
143,682 |
|
At 29 February 2024 |
- |
|
143,682 |
|
143,682 |
143,682 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2024 |
548,308 |
|
300,485 |
|
848,793 |
848,793 |
|
|
At 28 February 2025 |
548,308 |
|
300,485 |
|
848,793 |
848,793 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
78,874 |
|
78,874 |
|
Amounts owed by group undertakings |
|
1,597,485 |
|
1,597,485 |
|
Deposits |
483,544 |
|
563,544 |
|
|
|
|
|
|
2,159,903 |
|
2,239,903 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
14,484 |
|
14,484 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
951,397 |
|
951,397 |
|
Amounts owed to group undertakings |
|
92,928 |
|
92,928 |
|
Corporation tax |
- |
|
(33,059) |
|
Other taxes and social security costs |
9,752 |
|
487 |
|
Other creditors |
167,865 |
|
165,049 |
|
|
|
|
|
|
1,221,942 |
|
1,176,802 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
205,307 |
|
208,707 |
|
Loan from director |
|
1,927,683 |
|
2,035,517 |
|
|
|
|
|
|
2,132,990 |
|
2,244,224 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
LIFESTYLE-LETS & LEASE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
THIRD FLOOR |
|
21 FLEET STREET |
|
LONDON |
|
EC4Y 1AA |