Company No: 06414702 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	J Greenfield
	J L Watts

Secretary

J Greenfield

Registered office	25-34 Roper Road
	Canterbury
	Kent
	CT2 7EL
	United Kingdom

Company number

06414702 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lenleys Canterbury Limited for the financial year ended 30 April 2025 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Lenleys Canterbury Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lenleys Canterbury Limited. You consider that Lenleys Canterbury Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Lenleys Canterbury Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Lenleys Canterbury Limited, as a body, in accordance with the terms of our engagement letter date 21 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Lenleys Canterbury Limited and state those matters that we have agreed to state to the Board of Directors of Lenleys Canterbury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lenleys Canterbury Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

13 January 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,410,000		3,950,000
Investments	4	63,400		4,343,557
		2,473,400		8,293,557
Current assets
Debtors	5	38,750		8,274
Cash at bank and in hand		24,120		11,750
		62,870		20,024
Creditors: amounts falling due within one year	6	( 1,191,414)		( 2,266,382)
Net current liabilities		(1,128,544)		(2,246,358)
Total assets less current liabilities		1,344,856		6,047,199
Creditors: amounts falling due after more than one year	7	( 1,003,400)		( 4,524,912)
Net assets		341,456		1,522,287
Capital and reserves
Called-up share capital	8	100		100
Revaluation reserve		0		765,000
Profit and loss account		341,356		757,187
Total shareholders' funds		341,456		1,522,287

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lenleys Canterbury Limited (registered number: 06414702) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

J L Watts Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lenleys Canterbury Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25-34 Roper Road, Canterbury, Kent, CT2 7EL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

As highlighted below in 'turnover', the company's turnover represents its share of trading profits from Messrs Lenleys.

The company meets its day to day working capital requirements through a director's loan account. The directors have no intention of withdrawing this facility in the foreseeable future, and as such the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the company's share of trading profits from Messrs Lenleys.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 May 2024	3,950,000		3,950,000
Revaluations	( 765,000)		( 765,000)
At 30 April 2025	3,185,000		3,185,000
Accumulated depreciation
At 01 May 2024	0		0
Impairment losses	775,000		775,000
At 30 April 2025	775,000		775,000
Net book value
At 30 April 2025	2,410,000		2,410,000
At 30 April 2024	3,950,000		3,950,000

The 2025 valuations were undertaken by Sibley Pares Chartered Surveyors, an independent valuer, on an open market value for existing use basis.

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 May 2024	4,283,557
At 30 April 2025	4,283,557
Provisions for impairment
At 01 May 2024	0
Impairment	4,280,157
At 30 April 2025	4,280,157
Carrying value at 30 April 2025	3,400
Carrying value at 30 April 2024	4,283,557

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 May 2024	60,000		60,000
At 30 April 2025	60,000		60,000
Carrying value at 30 April 2025	60,000		60,000
Carrying value at 30 April 2024	60,000		60,000

5. Debtors

	2025		2024
	£		£
Amounts owed by related parties	38,750		8,274

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	39,272		39,804
Other creditors	1,152,142		2,226,578
	1,191,414		2,266,382

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to own subsidiaries	3,400		4,524,912
Other creditors	1,000,000		0
	1,003,400		4,524,912

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each (2024: - shares of 0 each)	100		0

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Share of profit from Lenleys in the year to 30 April 2025	153,062		160,753
Intercompany loan write off with G & R Clarke Limited	4,521,512		0

The company is a partner in the retail furniture business Lenleys.

In the year to 30 April 2025 the intercompany loan between Lenleys Canterbury Limited and its subsidiary, G & R Clark Ltd, was written off. The write off totalled £4,521,512, and was recognised in the profit and loss as non-operating income. At the year end Lenleys Canterbury Limited owed £3, 400 to G & R Clarke Ltd (2024 - £4,524,912).

Transactions with the entity's directors

	2025		2024
	£		£
Loan from directors of the company	1,150,788		2,225,288

No interest is payable on this loan and the maximum outstanding during the year was £2,225,288 (2023: £2,225,288).

As at 30 April 2025, the company owed £1,000,000 to a close family member of a director of the company. This amount is included within other creditors at the year end. The balance is unsecured, non-interest-bearing, and payable subject to agreed payment terms.

All related party transactions were undertaken on an arms length basis.