REGISTERED NUMBER: 10074631 (England and Wales)

LEODIS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

19,005

25,658

Investment property

5

492,519

452,519

511,524

478,177

CURRENT ASSETS

Debtors

6

33,827

20,750

Cash at bank

2,390

14,155

36,217

34,905

CREDITORS

Amounts falling due within one year

7

212,306

332,894

NET CURRENT LIABILITIES

(176,089

)

(297,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

335,435

180,188

CREDITORS

Amounts falling due after more than one year

8

(187,500

)

-

PROVISIONS FOR LIABILITIES

-

(6,295

)

NET ASSETS

147,935

173,893

CAPITAL AND RESERVES

Called up share capital

9

130

100

Revaluation reserve

10

17,172

17,172

Retained earnings

130,633

156,621

SHAREHOLDERS' FUNDS

147,935

173,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9th December 2025 and were signed by:

P McDonald - Director

1.	STATUTORY INFORMATION

Leodis Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10074631

Registered office:

Elmwood Stead Lane

Thorner

Leeds

West Yorkshire

LS14 3EA

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 Standards 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 modified to include certain items at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these financial statements, having considered the economic climate, the director's expectations and intentions for the next 12 months, and the availability of working capital, the director is of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going

concern basis.

Turnover

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

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery etc

- 33% on cost

Motor vehicles

- 25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to it's carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to it's estimated recoverable amount, and an impairment loss is recognised in the profit and loss account. The reversal of an impairment loss is recognised immediately in the profit and loss account.

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.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to property valuations. The carrying amount is £452,519 (2024: £452,319).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

41,632

DEPRECIATION

At 1st April 2024

15,974

Charge for year

6,653

At 31st March 2025

22,627

NET BOOK VALUE

At 31st March 2025

19,005

At 31st March 2024

25,658

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

452,519

Additions

40,000

At 31st March 2025

492,519

NET BOOK VALUE

At 31st March 2025

492,519

At 31st March 2024

452,519

The company's investment properties were revalued on 31 March 2022. An independent valuer was not involved. The director valued the investment properties and after taking advice from local estate agents and carrying out research into the local property market. Had the investment property been measured on a historical cost basis, it's carrying amount would have been £471,319 (2024: £431,319).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,827

20,250

Other debtors

-

500

33,827

20,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

827

-

Other creditors

211,479

332,894

212,306

332,894

Included in other creditors is the amount owed to the director of £187,820 (2024: £319,980)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

187,500

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

187,500

-

A bank loan totalling £187,500 (2024: £nil) is secured by way of a legal mortgage over the property to which it relates to.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100

10

Ordinary B

£1

10

-

10

Ordinary C

£1

10

-

10

Ordinary D

£1

10

-

130

100

10.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

17,172