Lance Levy Investments Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Lance Levy Investments Limited

(Registration number: 05715455)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property		9,223,542	9,873,542
Other financial assets	5	20,000	20,000
		9,243,542	9,893,542
Current assets
Debtors		1,820,927	1,633,859
Cash at bank and in hand		200,800	945,137
		2,021,727	2,578,996
Creditors: Amounts falling due within one year		(227,249)	(309,418)
Net current assets		1,794,478	2,269,578
Total assets less current liabilities		11,038,020	12,163,120
Creditors: Amounts falling due after more than one year		(2,000,000)	(2,500,000)
Provisions for liabilities		(715,996)	(816,000)
Net assets		8,322,024	8,847,120
Capital and reserves
Called up share capital		2,990	2,990
Profit and loss account		8,319,034	8,844,130
Total equity		8,322,024	8,847,120

Lance Levy Investments Limited

(Registration number: 05715455)
Abridged Balance Sheet as at 31 March 2025

For the financial 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.

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 15 December 2025
 

Mr C A Mitchell

Director

Lance Levy Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales (company number 05715455).

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 15 December 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the rental of a portfolio of properties held by the company in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Lance Levy Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 March 2025

Investment properties

	2025 £
At 1 April	9,873,542
Disposals	(475,000)
Fair value adjustments	(175,000)
At 31 March	9,223,542

The Director has valued the investment properties at open market value.

Lance Levy Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	20,000	20,000
At 31 March 2025	20,000	20,000
Carrying amount
At 31 March 2025	20,000	20,000

6	Related party transactions

Advances to directors

Mr C A Mitchell During the period Mr C A Mitchell went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £1,411,804 (2024 - £1,251,684). At the year end the amount outstanding from Mr C A Mitchell was £1,411,804 (2024 - £1,270,323). Interest has been charged at the commercial rate.

7	Parent and ultimate parent undertaking

The company's immediate parent is Lance Levy Investments 2013 Ltd, incorporated in England & Wales.

 The ultimate controlling party is C A Mitchell by virtue of his majority shareholding in the parent company.