REGISTERED NUMBER: 14670840 (England and Wales)

LEE DAVIES PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

4,200

-

Investment property

5

347,393

101,411

351,593

101,411

CURRENT ASSETS

Cash at bank

2,067

407

CREDITORS

Amounts falling due within one year

6

11,956

1,747

NET CURRENT LIABILITIES

(9,889

)

(1,340

)

TOTAL ASSETS LESS CURRENT LIABILITIES

341,704

100,071

CREDITORS

Amounts falling due after more than one year

7

(190,555

)

(101,111

)

PROVISIONS FOR LIABILITIES

8

(28,310

)

-

NET ASSETS/(LIABILITIES)

122,839

(1,040

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

122,739

(1,140

)

122,839

(1,040

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

L P Davies - Director

1.	STATUTORY INFORMATION

Lee Davies Property Ltd 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:

14670840

Registered office:

4 Clos Cae Bach

Dafen

Llanelli

Dyfed

SA14 8GJ

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 as modified by the revaluation of certain assets.

The accounts were prepared using the historical cost basis of accounting

Tangible fixed assets

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

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Additions

4,669

At 31 March 2025

4,669

DEPRECIATION

Charge for year

469

At 31 March 2025

469

NET BOOK VALUE

At 31 March 2025

4,200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

101,411

Additions

96,982

Revaluations

149,000

At 31 March 2025

347,393

NET BOOK VALUE

At 31 March 2025

347,393

At 31 March 2024

101,411

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

149,000

Cost

198,393

347,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,081

-

Other creditors

8,875

1,747

11,956

1,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

190,555

101,111

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

190,555

101,111

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

28,310

-

Deferred

tax

£

Property revaluation

28,310

Balance at 31 March 2025

28,310

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who hold 100% of the issued share capital