REGISTERED NUMBER: 04315970 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

THE OBSERVATORY (LEIGH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs G Madoo

SECRETARY:

D Madoo

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04315970 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

22,391

28,237

CURRENT ASSETS

Stocks

36,875

30,546

Debtors

5

44,857

36,184

Cash at bank and in hand

62,208

58,547

143,940

125,277

CREDITORS

Amounts falling due within one year

6

54,332

49,413

NET CURRENT ASSETS

89,608

75,864

TOTAL ASSETS LESS CURRENT LIABILITIES

111,999

104,101

CREDITORS

Amounts falling due after more than one year

7

1,164

11,369

NET ASSETS

110,835

92,732

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

110,735

92,632

SHAREHOLDERS' FUNDS

110,835

92,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2026 and were signed by:

Mrs G Madoo - Director

1.	STATUTORY INFORMATION

The Observatory (Leigh) 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the point supplies are made to customers.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

70,323

117,209

6,091

193,623

Additions

-

-

2,543

2,543

At 30 April 2025

70,323

117,209

8,634

196,166

DEPRECIATION

At 1 May 2024

60,635

99,640

5,111

165,386

Charge for year

2,422

4,390

1,577

8,389

At 30 April 2025

63,057

104,030

6,688

173,775

NET BOOK VALUE

At 30 April 2025

7,266

13,179

1,946

22,391

At 30 April 2024

9,688

17,569

980

28,237

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,866

34,896

Other debtors

82

82

Inter-company account

2,327

652

Prepayments

582

554

44,857

36,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,145

19,145

Trade creditors

11,994

12,456

Tax

17,982

12,407

Social security and other taxes

241

232

Net wages

-

80

VAT

585

2,666

Other creditors

2,304

11

Directors' current accounts

131

516

Accrued expenses

1,950

1,900

54,332

49,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,164

11,369

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,401

2,103

Between one and five years

21,544

7,537

33,945

9,640

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

20,309

30,514

Other Loans, included above, consist of a Bounce Back Loan which the company drew down in June 2020. The loan is part of the Bounce Back Loan Scheme, and hence backed by a UK Government guarantee for the full amount outstanding.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 May 2024

92,632

Profit for the year

51,103

Dividends

(33,000

)

At 30 April 2025

110,735

12.	RELATED PARTY DISCLOSURES

As at 30 April 2025, £2,327 (2024: £652) was owed by The Observatory SWF Limited, a company also under common control.