REGISTERED NUMBER: 05474103 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Lightcredit Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Hymanson

Miss L N Hymanson

Miss C R Hymanson

SECRETARY:

Mrs N Hymanson

REGISTERED OFFICE:

Reedham House

31 King Street West

Manchester

M3 2PJ

REGISTERED NUMBER:

05474103 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

1,993,572

2,063,902

Investments

5

100

100

1,993,672

2,064,002

CURRENT ASSETS

Debtors

6

816,438

339,639

Cash at bank

135,193

53,985

951,631

393,624

CREDITORS

Amounts falling due within one year

7

(140,628

)

(114,746

)

NET CURRENT ASSETS

811,003

278,878

TOTAL ASSETS LESS CURRENT LIABILITIES

2,804,675

2,342,880

PROVISIONS FOR LIABILITIES

(45,003

)

(51,498

)

NET ASSETS

2,759,672

2,291,382

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,758,672

2,290,382

SHAREHOLDERS' FUNDS

2,759,672

2,291,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

G P Hymanson - Director

1.	STATUTORY INFORMATION

Lightcredit Holdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Lightcredit Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Grant income

Grants of a revenue nature are credited to income in the period to which they relate.

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost. Income from investments in subsidiaries undertakings are accounted for when received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company's financial statements for the year ended 30 June 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2024

2,115,054

805,364

8,761

2,929,179

Additions

-

5,920

3,390

9,310

At 30 June 2025

2,115,054

811,284

12,151

2,938,489

DEPRECIATION

At 1 July 2024

291,353

565,835

8,089

865,277

Charge for year

42,302

36,464

874

79,640

At 30 June 2025

333,655

602,299

8,963

944,917

NET BOOK VALUE

At 30 June 2025

1,781,399

208,985

3,188

1,993,572

At 30 June 2024

1,823,701

239,529

672

2,063,902

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

100

NET BOOK VALUE

At 30 June 2025

100

At 30 June 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,203

4,835

Amounts owed by group undertakings

763,440

328,112

Other debtors

36,795

6,692

816,438

339,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,459

3,440

Amounts owed to group undertakings

26,393

26,393

Taxation and social security

89,158

60,390

Other creditors

21,618

24,523

140,628

114,746

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE PARENT UNDERTAKING

At the balance sheet date the company's parent undertaking was Lightcredit Holdings (2022) Limited, a company incorporated and registered in England. Copies of the financial statements of Lightcredit Holdings (2022) Limited can be obtained from the registered office of that entity which is the same as this company and the address can be found on the Company Information page.