2024-04-06 2025-04-05 2025-04-05 false 04826605 LEO FARROW INDUSTRIAL PROPERTIES LIMITED 2025-12-01 82990 false iso4217:GBP xbrli:pure 04826605 2024-04-05 04826605 2025-04-05 04826605 2024-04-06 2025-04-05 04826605 2023-04-05 04826605 2024-04-05 04826605 2023-04-06 2024-04-05 04826605 bus:SmallEntities 2024-04-06 2025-04-05 04826605 bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 04826605 bus:FullAccounts 2024-04-06 2025-04-05 04826605 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 04826605 core:WithinOneYear 2025-04-05 04826605 core:AfterOneYear 2025-04-05 04826605 core:WithinOneYear 2024-04-05 04826605 core:AfterOneYear 2024-04-05 04826605 core:ShareCapital 2025-04-05 04826605 core:SharePremium 2025-04-05 04826605 core:RevaluationReserve 2025-04-05 04826605 core:OtherReservesSubtotal 2025-04-05 04826605 core:RetainedEarningsAccumulatedLosses 2025-04-05 04826605 core:ShareCapital 2024-04-05 04826605 core:SharePremium 2024-04-05 04826605 core:RevaluationReserve 2024-04-05 04826605 core:OtherReservesSubtotal 2024-04-05 04826605 core:RetainedEarningsAccumulatedLosses 2024-04-05 04826605 core:LandBuildings 2025-04-05 04826605 core:PlantMachinery 2025-04-05 04826605 core:Vehicles 2025-04-05 04826605 core:FurnitureFittings 2025-04-05 04826605 core:OfficeEquipment 2025-04-05 04826605 core:NetGoodwill 2025-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2025-04-05 04826605 core:ListedExchangeTraded 2025-04-05 04826605 core:UnlistedNon-exchangeTraded 2025-04-05 04826605 core:LandBuildings 2024-04-05 04826605 core:PlantMachinery 2024-04-05 04826605 core:Vehicles 2024-04-05 04826605 core:FurnitureFittings 2024-04-05 04826605 core:OfficeEquipment 2024-04-05 04826605 core:NetGoodwill 2024-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2024-04-05 04826605 core:ListedExchangeTraded 2024-04-05 04826605 core:UnlistedNon-exchangeTraded 2024-04-05 04826605 core:LandBuildings 2024-04-06 2025-04-05 04826605 core:PlantMachinery 2024-04-06 2025-04-05 04826605 core:Vehicles 2024-04-06 2025-04-05 04826605 core:FurnitureFittings 2024-04-06 2025-04-05 04826605 core:OfficeEquipment 2024-04-06 2025-04-05 04826605 core:NetGoodwill 2024-04-06 2025-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2024-04-06 2025-04-05 04826605 core:ListedExchangeTraded 2024-04-06 2025-04-05 04826605 core:UnlistedNon-exchangeTraded 2024-04-06 2025-04-05 04826605 core:MoreThanFiveYears 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments 2025-04-05 04826605 core:Non-currentFinancialInstruments 2024-04-05 04826605 dpl:CostSales 2024-04-06 2025-04-05 04826605 dpl:DistributionCosts 2024-04-06 2025-04-05 04826605 core:LandBuildings 2024-04-06 2025-04-05 04826605 core:PlantMachinery 2024-04-06 2025-04-05 04826605 core:Vehicles 2024-04-06 2025-04-05 04826605 core:FurnitureFittings 2024-04-06 2025-04-05 04826605 core:OfficeEquipment 2024-04-06 2025-04-05 04826605 dpl:AdministrativeExpenses 2024-04-06 2025-04-05 04826605 core:NetGoodwill 2024-04-06 2025-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2024-04-06 2025-04-05 04826605 dpl:GroupUndertakings 2024-04-06 2025-04-05 04826605 dpl:ParticipatingInterests 2024-04-06 2025-04-05 04826605 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-06 2025-04-05 04826605 core:ListedExchangeTraded 2024-04-06 2025-04-05 04826605 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-06 2025-04-05 04826605 core:UnlistedNon-exchangeTraded 2024-04-06 2025-04-05 04826605 dpl:CostSales 2023-04-06 2024-04-05 04826605 dpl:DistributionCosts 2023-04-06 2024-04-05 04826605 core:LandBuildings 2023-04-06 2024-04-05 04826605 core:PlantMachinery 2023-04-06 2024-04-05 04826605 core:Vehicles 2023-04-06 2024-04-05 04826605 core:FurnitureFittings 2023-04-06 2024-04-05 04826605 core:OfficeEquipment 2023-04-06 2024-04-05 04826605 dpl:AdministrativeExpenses 2023-04-06 2024-04-05 04826605 core:NetGoodwill 2023-04-06 2024-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2023-04-06 2024-04-05 04826605 dpl:GroupUndertakings 2023-04-06 2024-04-05 04826605 dpl:ParticipatingInterests 2023-04-06 2024-04-05 04826605 dpl:GroupUndertakings core:ListedExchangeTraded 2023-04-06 2024-04-05 04826605 core:ListedExchangeTraded 2023-04-06 2024-04-05 04826605 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-04-06 2024-04-05 04826605 core:UnlistedNon-exchangeTraded 2023-04-06 2024-04-05 04826605 core:NetGoodwill 2025-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2025-04-05 04826605 core:LandBuildings 2025-04-05 04826605 core:PlantMachinery 2025-04-05 04826605 core:Vehicles 2025-04-05 04826605 core:FurnitureFittings 2025-04-05 04826605 core:OfficeEquipment 2025-04-05 04826605 core:AfterOneYear 2025-04-05 04826605 core:WithinOneYear 2025-04-05 04826605 core:ListedExchangeTraded 2025-04-05 04826605 core:UnlistedNon-exchangeTraded 2025-04-05 04826605 core:ShareCapital 2025-04-05 04826605 core:SharePremium 2025-04-05 04826605 core:RevaluationReserve 2025-04-05 04826605 core:OtherReservesSubtotal 2025-04-05 04826605 core:RetainedEarningsAccumulatedLosses 2025-04-05 04826605 core:NetGoodwill 2024-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2024-04-05 04826605 core:LandBuildings 2024-04-05 04826605 core:PlantMachinery 2024-04-05 04826605 core:Vehicles 2024-04-05 04826605 core:FurnitureFittings 2024-04-05 04826605 core:OfficeEquipment 2024-04-05 04826605 core:AfterOneYear 2024-04-05 04826605 core:WithinOneYear 2024-04-05 04826605 core:ListedExchangeTraded 2024-04-05 04826605 core:UnlistedNon-exchangeTraded 2024-04-05 04826605 core:ShareCapital 2024-04-05 04826605 core:SharePremium 2024-04-05 04826605 core:RevaluationReserve 2024-04-05 04826605 core:OtherReservesSubtotal 2024-04-05 04826605 core:RetainedEarningsAccumulatedLosses 2024-04-05 04826605 core:NetGoodwill 2023-04-05 04826605 core:IntangibleAssetsOtherThanGoodwill 2023-04-05 04826605 core:LandBuildings 2023-04-05 04826605 core:PlantMachinery 2023-04-05 04826605 core:Vehicles 2023-04-05 04826605 core:FurnitureFittings 2023-04-05 04826605 core:OfficeEquipment 2023-04-05 04826605 core:AfterOneYear 2023-04-05 04826605 core:WithinOneYear 2023-04-05 04826605 core:ListedExchangeTraded 2023-04-05 04826605 core:UnlistedNon-exchangeTraded 2023-04-05 04826605 core:ShareCapital 2023-04-05 04826605 core:SharePremium 2023-04-05 04826605 core:RevaluationReserve 2023-04-05 04826605 core:OtherReservesSubtotal 2023-04-05 04826605 core:RetainedEarningsAccumulatedLosses 2023-04-05 04826605 core:AfterOneYear 2024-04-06 2025-04-05 04826605 core:WithinOneYear 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:CostValuation 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-04-06 2025-04-05 04826605 core:Non-currentFinancialInstruments core:CostValuation 2025-04-05 04826605 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-04-05 04826605 core:Non-currentFinancialInstruments core:CostValuation 2024-04-05 04826605 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-04-05 04826605 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-04-05 04826605 bus:Director1 2024-04-06 2025-04-05

LEO FARROW INDUSTRIAL PROPERTIES LIMITED

Registered Number
04826605
(England and Wales)

Unaudited Financial Statements for the Year ended
5 April 2025

LEO FARROW INDUSTRIAL PROPERTIES LIMITED
Company Information
for the year from 6 April 2024 to 5 April 2025

Director | L Farrow

Registered Address | 12a Marlborough Place
| Brighton
| BN1 1WN

Registered Number | 04826605 (England and Wales)

LEO FARROW INDUSTRIAL PROPERTIES LIMITED
Balance Sheet as at
5 April 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 930,000 |  |  |  | 930,000
|  |  |  | 930,000 |  |  |  | 930,000
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 380,000 |  |  |  | 350,000 |  |
Cash at bank and on hand |  | 10,160 |  |  |  | 29,309 |  |
|  | 390,160 |  |  |  | 379,309 |  |
Creditors amounts falling due within one year | 5 | (29,282) |  |  |  | (12,649) |  |
Net current assets (liabilities) |  |  |  | 360,878 |  |  |  | 366,660
Total assets less current liabilities |  |  |  | 1,290,878 |  |  |  | 1,296,660
Creditors amounts falling due after one year | 6 |  |  | (245,347) |  |  |  | (254,948)
Provisions for liabilities | 7 |  |  | (183,250) |  |  |  | (183,250)
Net assets |  |  |  | 862,281 |  |  |  | 858,462
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  |  |  | 549,750 |  |  |  | 549,750
Profit and loss account |  |  |  | 312,431 |  |  |  | 308,612
Shareholders' funds |  |  |  | 862,281 |  |  |  | 858,462

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 1 December 2025, and are signed on its behalf by:
L Farrow Director Registered Company No. 04826605

LEO FARROW INDUSTRIAL PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 5 April 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| 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).

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| The policy of not providing depreciation on freehold property is in accordance with the procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102. The policy is a departure from the specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirements is, in the opinion of the director, necessary in order to give a true and fair view in accordance with Section 1A of FRS102.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 06 April 24 | 930,000 |  | 930,000
| At 05 April 25 | 930,000 |  | 930,000
| Net book value
| At 05 April 25 | 930,000 |  | 930,000
| At 05 April 24 | 930,000 |  | 930,000

| The company's investment property was valued at £930,000 by the director on 5th April 2025, being his estimate of the open market value at that time. If the properties were sold at £930,000 there would be a potential corporation tax liability of £183,250 arising thereon, a provision for which has been entered.

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 380,000 |  | 350,000
| Total | 380,000 |  | 350,000

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 20,000 |  | -
| Taxation and social security | 8,837 |  | 12,204
| Accrued liabilities and deferred income | 445 |  | 445
| Total | 29,282 |  | 12,649

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 245,347 |  | 254,948
| Total | 245,347 |  | 254,948

7. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 183,250 |  | 183,250
| Total | 183,250 |  | 183,250

8. | Related party transactions
--- | ---
| The financial statements include the following significant transactions and balances with related parties: Allan Farrow Builders Limited, a company of which the director, L Farrow, is a director and shareholder: Debtors: £380,000 (2024: £350,000)

9. | Controlling party
--- | ---
| The company was controlled by its director, L Farrow, throughout the period.