Registration number: 05353791

The Old Lea Canal Co. Limited

Contents

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

The Old Lea Canal Co. Limited

Company Information

Director

R Holmes

Company secretary

G Holmes

Registered office

The Old Lea Farm Woodseaves Staffordshire ST20 0NG

Bankers

Nat West Stafford 41 Greengate Street Stafford ST16 2JA

Accountants

Howsons Stoke Limited Chartered AccountantsWinton House Stoke Road Stoke On Trent ST4 2RW

The Old Lea Canal Co. Limited

(Registration number: 05353791)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	71,338	71,338
Current assets
Stocks	5	600	600
Debtors		9,898	9,343
Cash at bank and in hand		1,037	3,447
		11,535	13,390
Creditors: Amounts falling due within one year	6	(22,020)	(33,686)
Net current liabilities		(10,485)	(20,296)
Total assets less current liabilities		60,853	51,042
Creditors: Amounts falling due after more than one year	6	(3,521)	(7,055)
Net assets		57,332	43,987
Capital and reserves
Called up share capital		1	1
Retained earnings		57,331	43,986
Shareholders' funds		57,332	43,987

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.

Director's responsibilities:

•	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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 December 2025
 

......................................... R Holmes Director

The Old Lea Canal Co. Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
The Old Lea Farm
Woodseaves
Staffordshire
ST20 0NG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been 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 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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class	Depreciation method and rate
Leasehold property	2% straight line

The Old Lea Canal Co. Limited

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

Plant and machinery	10% reducing balance
Office equipment	10% / 33% reducing balance

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

The Old Lea Canal Co. Limited

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

4	Tangible assets

	Leasehold property £	Plant and machinery  £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	61,975	29,219	2,317	93,511
Additions	1,878	800	-	2,678
At 31 March 2025	63,853	30,019	2,317	96,189
Depreciation
At 1 April 2024	4,390	15,624	2,159	22,173
Charge for the year	1,249	1,377	52	2,678
At 31 March 2025	5,639	17,001	2,211	24,851
Carrying amount
At 31 March 2025	58,214	13,018	106	71,338
At 31 March 2024	57,585	13,595	158	71,338

5

Stocks

	2025 £	2024 £
Other inventories	600	600

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Bank loans and overdrafts	3,485	3,399
Taxation	8,569	6,118
Other creditors	9,966	24,169
	22,020	33,686
Due after one year
Loans and borrowings	3,521	7,055