Lightyear Property Enterprises Ltd

Registered number

14747347

Unaudited Filleted Accounts

31 March 2025

Lightyear Property Enterprises Ltd
Registered number:		14747347
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	4		303,335			268,443

Current assets
Debtors	5	84,250			-
Cash at bank and in hand		3,152			19,063
		87,402			19,063

Creditors: amounts falling due within one year	6	(95,792)			(90,750)

Net current liabilities			(8,390)			(71,687)

Total assets less current liabilities			294,945			196,756

Creditors: amounts falling due after more than one year	7		(306,195)			(199,410)

Net liabilities			(11,250)			(2,654)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(11,251)			(2,655)

Shareholders' funds			(11,250)			(2,654)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R J Hudson
Director
Approved by the board on 29/12/2025.

Lightyear Property Enterprises Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Statutory information

	Lightyear Property Enterprises 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:	14747347

	Registered office:	21 Cambridge Drive
		Otley
		LS21 1DD

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.


2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 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.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.


2	Accounting policies (continued)

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


4	Investment property
Total
£
	Fair value
	At 1 April 2024				268,443
	Additions				34,892

	At 31 March 2025				303,335

	Historical cost
	At 1 April 2024				268,443
	At 31 March 2025				303,335

	The investment property was valued on an open market basis on 31 March 2025 by the directors.


5	Debtors		2025		2024
£				£

	Other debtors		84,250		-


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals and deferred income		750		750
	Directors' current account		93,792		90,000
	Other creditors		1,250		-
			95,792		90,750


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		306,195		199,410


8	Loans		2025		2024
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		306,195		199,410


	Secured bank loans		306,195		199,410

	Bank loans are secured over the properties to which they relate.


9	Related party transactions

	During the year £7,472 (2024: £90,000) was advanced from and £3,680 (2024: £Nil) was repaid to the director. An amount of £93,792 (2024: £90,000) remained due to the director at the year end.