REGISTERED NUMBER: 10624028 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LEOSCES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M J Kantaria

REGISTERED OFFICE:

7 St. John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

10624028 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

3,183

4,731

Investment property

5

455,000

516,000

458,183

520,731

CURRENT ASSETS

Debtors

6

13,527

946

Cash at bank

12,018

13,608

25,545

14,554

CREDITORS

Amounts falling due within one year

7

500,997

495,501

NET CURRENT LIABILITIES

(475,452

)

(480,947

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,269

)

39,784

PROVISIONS FOR LIABILITIES

-

2,835

NET (LIABILITIES)/ASSETS

(17,269

)

36,949

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

(40,793

)

4,957

Retained earnings

23,424

31,892

(17,269

)

36,949

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 director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

Mrs M J Kantaria - Director

1.	STATUTORY INFORMATION

Leosces Ltd 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.

Going Concern

The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The director of the company has provided with an undertaking that she will continue to support financially for the foreseeable future and that she will not seek repayment of the amounts currently owing to her in the twelve months from the date of signing the financial statements.

Turnover

Turnover represents the gross rent receivable in the normal course of company's business.

Revenue Recognition

Rental income arising from investment property is recognised when company receives the rent and is recorded to the balance sheet date

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 Profit and Loss Account, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

5,351

3,600

8,951

DEPRECIATION

At 1 April 2024

1,425

2,795

4,220

Charge for year

1,088

460

1,548

At 31 March 2025

2,513

3,255

5,768

NET BOOK VALUE

At 31 March 2025

2,838

345

3,183

At 31 March 2024

3,926

805

4,731

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

516,000

Impairments

(61,000

)

At 31 March 2025

455,000

NET BOOK VALUE

At 31 March 2025

455,000

At 31 March 2024

516,000

Investment properties of the company were valued by the Director on an open market basis.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

50,845

Valuation in 2024

(44,235

)

Valuation in 2025

(61,000

)

Cost

509,390

455,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,527

946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

1,902

Other creditors

500,997

493,599

500,997

495,501

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

4,957

Profit & Loss Account

(45,750

)

At 31 March 2025

(40,793

)

9.	RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £491,720 (2024: £489,720), an amount owed to the director of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.