Simply Living (Leicester) Limited

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

Registered number: 10888619

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,656		2,104
Investment Properties	5		2,764,657		2,764,657

			2,768,313		2,766,761
CURRENT ASSETS
Debtors	6	5,906		80,682
Cash at bank and in hand		123,327		23,905

		129,233		104,587
Creditors: Amounts Falling Due Within One Year	7	(768,083 )		(785,841 )

NET CURRENT ASSETS (LIABILITIES)			(638,850 )		(681,254 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,129,463		2,085,507

Creditors: Amounts Falling Due After More Than One Year	8		(325,161 )		(325,071 )

NET ASSETS			1,804,302		1,760,436

CAPITAL AND RESERVES
Called up share capital	9		100		100
Share premium account			1,557,425		1,557,425
Profit and Loss Account			246,777		202,911

SHAREHOLDERS' FUNDS			1,804,302		1,760,436

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Simply Living (Leicester) Limited

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

P Khunti

Director

29th December 2025

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

1. General Information

Simply Living (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10888619 . The registered office is Watergates Building, 109 Coleman Road, Leicester, LE5 4LE.

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

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises of rental income from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

2.3. 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:

Fixtures & Fittings

20% SB

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on surplus at the rate expected to apply when the property is sold. No depreciation is provided for.

2.5. 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 statement of financial position date.

2.6. Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. Average Number of Employees

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

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Simply Living (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	2,863
Additions	2,656

As at 31 March 2025	5,519

Depreciation
As at 1 April 2024	759
Provided during the period	1,104

As at 31 March 2025	1,863

Net Book Value
As at 31 March 2025	3,656

As at 1 April 2024	2,104

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	2,764,657

Investment property comprises freehold land and buildings. No depreciation is provided for in respect of these properties.

The directors have confirmed the properties are reflected at fair value based on market evidence of transaction prices to similar properties and their rental yields.

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	5,906	80,682

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	683,325	703,198
Other creditors	69,656	67,548
Taxation and social security	15,102	15,095

	768,083	785,841

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

	2025	2024
	£	£
Bank loans	325,161	325,071

Bank loans represents outstanding mortgages which are secured against relevant investment properties.

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Simply Living (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Professor Kamlesh Khunti	38,445	15,360	(51,523 )	-	2,282
Dr Pratima Khunti	38,446	15,360	(51,523 )	-	2,282

Included within debtors are loans owed by the directors to the company of £4,564.

These loans have been fully repaid within nine months of the accounting period end date.

11. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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