Lebedis Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Lebedis Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lebedis Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Lebedis Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lebedis Limited and state those matters that we have agreed to state to the director of Lebedis Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lebedis Limited and its director as a body for our work or for this report.

It is your duty to ensure that Lebedis Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lebedis Limited . You consider that Lebedis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lebedis Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

17 December 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Lebedis Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC356937

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		83,750		116,677

			83,750		116,677
CURRENT ASSETS
Debtors	6	160		209
Cash at bank and in hand		62,955		27,010

		63,115		27,219
Creditors: Amounts Falling Due Within One Year	7	(12,986 )		(9,211 )

NET CURRENT ASSETS (LIABILITIES)			50,129		18,008

TOTAL ASSETS LESS CURRENT LIABILITIES			133,879		134,685

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,750 )		(10,992 )

NET ASSETS			127,129		123,693

CAPITAL AND RESERVES
Called up share capital			10		10
Revaluation reserve			20,250		32,399
Capital redemption reserve			25,743		25,743
Profit and Loss Account			81,126		65,541

SHAREHOLDERS' FUNDS			127,129		123,693

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Lebedis Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K Lebedis

Director

17 December 2025

The notes on pages 4 to 7 form part of these financial statements.

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Lebedis Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Lebedis Limited is a private company, limited by shares, incorporated in Scotland, registered number SC356937 . The registered office is 24 East Lodge Drive, Stonehaven, AB39 3UB.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis based on the director’s confirmation that the company will continue to operate and hold its investment portfolio for the next 12 months from the date of this report. Although no revenue-generating activities are expected during this period.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	33% on cost
Computer Equipment	33% on cost

2.5. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

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Lebedis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	15,291	945	16,236

As at 31 March 2025	15,291	945	16,236

Depreciation
As at 1 April 2024	15,291	945	16,236

As at 31 March 2025	15,291	945	16,236

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	-	-

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Lebedis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Listed
	£
Cost
As at 1 April 2024	116,677
Additions	18,750
Disposals	(35,286 )
Revaluations	(16,391 )

As at 31 March 2025	83,750

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	83,750

As at 1 April 2024	116,677

Cost or valuation at 31 March 2024 is represented by:

	Listed Investments
Valuation in 2015	11,178
Valuation in 2016	(315)
Valuation in 2017	7,005
Valuation in 2018	(144)
Valuation in 2019	1,100
Valuation in 2020	(8,641)
Valuation in 2021	17,138
Valuation in 2022	2,537
Valuation in 2023	(8,985)
Valuation in 2024	22,526
Valuation in 2025	(16,399)
Cost	56,750
	83,750

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	160	93
Other taxes and social security	-	116

	160	209

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Lebedis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	3,344	-
Other taxes and social security	431	-
Director's loan account	9,211	9,211

	12,986	9,211

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	10,992	10,992
Utilised	(4,242 )	(4,242)

Balance at 31 March 2025	6,750	6,750

9. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Karl Lebedis	(9,211 )	-	-	-	(9,211 )

The above loan is interest free and has no fixed repayment terms.

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