Launch Padz Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06535842

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,475		11,441
Investments	5		10,052		10,052

			17,527		21,493
CURRENT ASSETS
Stocks	6	4,283,657		4,260,540
Debtors	7	4,238,510		4,296,362
Cash at bank and in hand		84,715		59,376

		8,606,882		8,616,278
Creditors: Amounts Falling Due Within One Year	8	(909,261 )		(926,462 )

NET CURRENT ASSETS (LIABILITIES)			7,697,621		7,689,816

TOTAL ASSETS LESS CURRENT LIABILITIES			7,715,148		7,711,309

Creditors: Amounts Falling Due After More Than One Year	9		(3,835,000 )		(3,835,000 )

NET ASSETS			3,880,148		3,876,309

CAPITAL AND RESERVES
Called up share capital	10		51		51
Share premium account			257,920		257,920
Profit and Loss Account			3,622,177		3,618,338

SHAREHOLDERS' FUNDS			3,880,148		3,876,309

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Launch Padz Ltd

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

J J Levy Director	R A Parker Director
23/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Launch Padz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06535842 . The registered office is 21 New Walk, Leicester, Leicestershire, LE1 6TE.

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. Tangible Fixed Assets and Depreciation

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	25% on cost
Fixtures & Fittings	25% on cost

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	4,500	25,884	30,384

As at 31 March 2025	4,500	25,884	30,384

Depreciation
As at 1 April 2024	1,387	17,556	18,943
Provided during the period	1,125	2,841	3,966

As at 31 March 2025	2,512	20,397	22,909

Net Book Value
As at 31 March 2025	1,988	5,487	7,475

As at 1 April 2024	3,113	8,328	11,441

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Launch Padz Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Other
	£
Cost
As at 1 April 2024	10,052

As at 31 March 2025	10,052

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	10,052

As at 1 April 2024	10,052

6. Stocks

	2025	2024
	£	£
Work in progress	4,283,657	4,260,540

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	315,926	446,204
Amounts owed by group undertakings	3,453,003	3,325,016
Other debtors	469,581	525,142

	4,238,510	4,296,362

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,286	17,467
Amounts owed to group undertakings	841,330	819,044
Other creditors	19,460	25,870
Taxation and social security	46,185	64,081

	909,261	926,462

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Launch Padz Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,835,000	3,835,000

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	51	51

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Joseph Levy	-	-	-	-	2,085
Mr Richard Parker	-	-	-	-	(4,262 )

The above loan is unsecured, interest free and repayable on demand.

12. Related Party Transactions

Bradgate Estates Limited is the immediate parent company of Launch Padz Limited. Mr JJ Levy and Mr RA Parker are directors of both companies. During the year Launch Padz Limited provided loans of £4,675 (2024 - £165,074 was repaid). At 31 March 2025 £390,912 (2024 - £386,238) was owed by Bradgate Estates Limited.

Launch Padz Limited is the immediate parent company of Abode London Road Limited. Mr JJ Levy and Mr RA Parker are directors of both companies. During the year this company provided loans of £22,286 (2024 - £57,095). At 31 March 2025 £415,366 (2024 - £393,080) was owed to Abode London Road Limited.

Launch Padz Limited is the immediate parent company of Abode Nottingham Limited. Mr JJ Levy and Mr RA Parker are directors of both companies. During the year £65,200 was repaid by this company (2024 - £80,054 was provided). At 31 March 2025 £1,911,765 (2024 - £1,976,965) was owed by Abode Nottingham Limited.

The immediate parent company, Bradgate Estates Limited, owns 100% of the issued share capital of Abode Nugent Street Limited. Mr JJ Levy and Mr RA Parker are directors of both companies. During the year loans this company provided loans of £Nil (2024 - £149,966). At 31 March 2025 £425,963 (2024 - £425,963) was owed to Abode Nugent Street Limited.

The immediate parent company, Bradgate Estates Limited, owns 100% of the issued share capital of Abode Lettings Leicester Limited. Mr JJ Levy and Mr RA Parker are directors of both companies. During the year Launch Padz Ltd provided loans of - £98,250.72 (2024 - £4,674.48). At 31 March 2025 £104,403.85 (2024 - £14,153.13) was owed by Abode Lettings Leicester Limited.

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