REGISTERED NUMBER: 10677962 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lenehan Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Lenehan

L S Lenehan

REGISTERED OFFICE:

FFT Reedham House

31 King Street West

Manchester

M3 2PJ

REGISTERED NUMBER:

10677962 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

1,969

2,198

Investment property

5

1,444,459

1,092,579

1,446,428

1,094,777

CURRENT ASSETS

Debtors

6

89,301

72,381

Cash at bank

11,591

11,016

100,892

83,397

CREDITORS

Amounts falling due within one year

7

(1,434,120

)

(1,068,698

)

NET CURRENT LIABILITIES

(1,333,228

)

(985,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,200

109,476

PROVISIONS FOR LIABILITIES

(64

)

(64

)

NET ASSETS

113,136

109,412

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

113,036

109,312

113,136

109,412

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 27 December 2025 and were signed on its behalf by:

S Lenehan - Director

1.	STATUTORY INFORMATION

Lenehan Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

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.

Going concern

The company's financial statements for the year ended 31 March 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,458

413

848

3,719

DEPRECIATION

At 1 April 2024

449

224

848

1,521

Charge for year

201

28

-

229

At 31 March 2025

650

252

848

1,750

NET BOOK VALUE

At 31 March 2025

1,808

161

-

1,969

At 31 March 2024

2,009

189

-

2,198

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

1,092,579

Additions

351,880

At 31 March 2025

1,444,459

NET BOOK VALUE

At 31 March 2025

1,444,459

At 31 March 2024

1,092,579

The directors consider that the market value of the investment property is not materially different to the amount shown in the financial statements at 31 March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

89,301

72,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

919,000

545,531

Trade creditors

1,824

-

Taxation and social security

7,488

10,977

Other creditors

505,808

512,190

1,434,120

1,068,698

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

919,000

545,531

9.	RELATED PARTY DISCLOSURES