REGISTERED NUMBER: 05981945 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Luckylease Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Buckley

B E Buckley

SECRETARY:

B E Buckley

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

05981945 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

4

810,631

811,320

CURRENT ASSETS

Debtors

5

13,839

29,762

Cash at bank

40,600

46,278

54,439

76,040

CREDITORS

Amounts falling due within one year

6

132,530

102,887

NET CURRENT LIABILITIES

(78,091

)

(26,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

732,540

784,473

PROVISIONS FOR LIABILITIES

12,000

12,000

NET ASSETS

720,540

772,473

CAPITAL AND RESERVES

Called up share capital

301

301

Revaluation reserve

7

239,216

239,216

Retained earnings

481,023

532,956

SHAREHOLDERS' FUNDS

720,540

772,473

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

D G Buckley - Director

B E Buckley - Director

1.	STATUTORY INFORMATION

Luckylease 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.

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

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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on cost and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

810,000

19,422

829,422

Disposals

-

(17,459

)

(17,459

)

At 31 March 2025

810,000

1,963

811,963

DEPRECIATION

At 1 April 2024

-

18,102

18,102

Charge for year

-

689

689

Eliminated on disposal

-

(17,459

)

(17,459

)

At 31 March 2025

-

1,332

1,332

NET BOOK VALUE

At 31 March 2025

810,000

631

810,631

At 31 March 2024

810,000

1,320

811,320

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2007

41,732

Valuation in 2016

45,475

Valuation in 2017

45,837

Valuation in 2018

106,172

Cost

570,784

810,000

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

570,784

570,784

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,839

12,795

Other debtors

-

16,967

13,839

29,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

13,782

11,603

Taxation and social security

4,851

8,945

Other creditors

113,897

82,339

132,530

102,887

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

239,216

8.	RELATED PARTY DISCLOSURES

The Company paid the directors interest on their loan to the Company at 5% amounting to £3,884, (2024: £3,386).