Leigh Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06509000

LEIGH HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

LEIGH HOLDINGS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Balance sheet 1

Notes to the financial statements 3

LEIGH HOLDINGS LIMITED

BALANCE SHEET

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	7	35,554,328	36,720,829

Current assets

Debtors	8	12,269,479	9,491,311
Cash at bank and in hand		172,912	724,771
		-------------	-------------
		12,442,391	10,216,082

Creditors: amounts falling due within one year	9	( 733,002)	( 452,341)
		-------------	-------------
Net current assets		11,709,389	9,763,741
		-------------	-------------
Total assets less current liabilities		47,263,717	46,484,570

Provisions

Taxation including deferred tax	( 3,716,437)	( 3,767,807)
	-------------	-------------
Net assets	43,547,280	42,716,763
	-------------	-------------

Capital and reserves

Called up share capital	11	41,100	41,100
Revaluation reserve		14,293,440	14,768,591
Profit and loss account		29,212,740	27,907,072
		-------------	-------------
Shareholder funds		43,547,280	42,716,763
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LEIGH HOLDINGS LIMITED

BALANCE SHEET (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

R P Leigh-Bramwell

Director

Company registration number: 06509000

LEIGH HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private limited company with share capital, registered in England and Wales, company number 06509000 . The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit of loss. The accounts are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Income from listed and unlisted investments, being shares and interest bearing securities, is recognised when receivable. Income is shown gross of any taxation, for prior years UK dividend income is shown net of any UK tax credit. Interest on loans to subsidiaries and participating interest is shown on an accruals basis. Bank and other interest receivable is included on a receivable basis.

Gains and losses on investments

All gains and losses in respect of listed investments are taken to the profit and loss account as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and the market value at the beginning of the year (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and the market value at the beginning of the year (or purchase date if later).

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and Fittings	-	33.33% Straight line

Investments

Shares in group undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Unlisted investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in joint ventures

Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs is the contributions payable in the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	283,966	78,759
Foreign current tax expense	461	–
	------------	------------
Total current tax	284,427	78,759
	------------	------------

Deferred tax:

Origination and reversal of timing differences	( 51,370)	1,037,724
	------------	------------
Tax on profit	233,057	1,116,483
	------------	------------

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	2,268	2,268
	------------	------------
Depreciation
At 1 April 2024 and 31 March 2025	2,268	2,268
	------------	------------
Carrying amount
At 31 March 2025	–	–
	------------	------------
At 31 March 2024	–	–
	------------	------------

7. Investments

	Shares in group undertakings	Shares in participating interests	Listed investments	Unlisted investments	Total
	£	£	£	£	£
Cost or market value
At 1 April 2024	1,000	1,702,500	30,003,850	5,013,479	36,720,829
Additions	–	–	1,377,127	–	1,377,127
Disposals	–	–	( 2,289,821)	–	( 2,289,821)
Revaluations	–	–	( 740,961)	487,154	( 253,807)
	------------	------------	-------------	------------	-------------
At 31 March 2025	1,000	1,702,500	28,350,195	5,500,633	35,554,328
	------------	------------	-------------	------------	-------------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–	–	–
	------------	------------	-------------	------------	-------------

Carrying amount
At 31 March 2025	1,000	1,702,500	28,350,195	5,500,633	35,554,328
	------------	------------	-------------	------------	-------------
At 31 March 2024	1,000	1,702,500	30,003,850	5,013,479	36,720,829
	------------	------------	-------------	------------	-------------

Listed investments

The historical cost of listed investments is £16,471,738 (2023 : £16,246,404)

Unlisted investments

Included in other investments, are shares in an unquoted company, valued at £5,500,633 (2024: £5,013,479). This valuation is based on the company's net asset value and dividend yield.

The historic cost of unlisted investments is £9,194 (2024: £9,194).

Shares in participating interests amounting to £202,500 (2024: £202,500) are pledged as security against borrowings made by the participating interest company. The security is in the form of a fixed charge.

8. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	6,111,819	6,181,937
Prepayments and accrued income	8,637	11,633
Other debtors	6,149,023	3,297,741
	-------------	------------
	12,269,479	9,491,311
	-------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	30,427	26,551
Corporation tax	260,139	46,760
Social security and other taxes	22,648	21,389
Other creditors	419,788	357,641
	------------	------------
	733,002	452,341
	------------	------------

10. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2025	2024
	£	£
Included in provisions	3,716,437	3,767,807
	------------	------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Revaluation of tangible assets	3,829,468	3,935,440
Unused tax losses	( 113,031)	( 167,633)
	------------	------------
	3,716,437	3,767,807
	------------	------------

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Deferred shares of £ 1 each	39,850	39,850	39,850	39,850
10% Preference shares of £ 1 each	1,250	1,250	1,250	1,250
	------------	------------	------------	------------
	41,100	41,100	41,100	41,100
	------------	------------	------------	------------