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Registration number: 08987261

Liebre Developments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Liebre Developments Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

Liebre Developments Ltd

Company Information

Directors | Miss S H Nicholson Mr C Malster

Registered office | 53 Southgate Cranswick Driffield East Yorkshire YO25 9QX

Accountants | Botterill & Co Chartered Certified AccountantsFirst Floor Offices 40 Norwood Beverley East Yorkshire HU17 9EY

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Liebre Developments Ltd
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Liebre Developments Ltd for the year ended 30 April 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Liebre Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Liebre Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Liebre Developments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liebre Developments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Liebre Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Liebre Developments Ltd. You consider that Liebre Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Liebre Developments Ltd. 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 accounts.

......................................
Botterill & Co
Chartered Certified Accountants
First Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

23 January 2026

Liebre Developments Ltd

(Registration number: 08987261)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 40,835 | 45,009
Investment property | 5 | 604,875 | 795,000
|  | 645,710 | 840,009
Current assets |  |  |
Debtors | 6 | 50,726 | 50,310
Cash at bank and in hand |  | 5,416 | 61,795
|  | 56,142 | 112,105
Creditors: Amounts falling due within one year | 7 | (246,592) | (218,687)
Net current liabilities |  | (190,450) | (106,582)
Total assets less current liabilities |  | 455,260 | 733,427
Creditors: Amounts falling due after more than one year | 7 | (107,061) | (238,980)
Provisions for liabilities |  | (30,295) | (84,803)
Net assets |  | 317,904 | 409,644
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Revaluation reserve |  | 68,250 | 244,249
Retained earnings |  | 249,652 | 165,393
Shareholders' funds |  | 317,904 | 409,644

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2026 and signed on its behalf by:

Liebre Developments Ltd

(Registration number: 08987261)
Balance Sheet as at 30 April 2025

......................................... Miss S H Nicholson Director
......................................... Mr C Malster Director

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
53 Southgate
Cranswick
Driffield
East Yorkshire
YO25 9QX

The principal place of business is:
53 Southgate
Cranswick
Driffield
East Yorkshire
YO25 9QX

These financial statements were authorised for issue by the Board on 23 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Straight line over 25 years
Plant and Machinery | 25% Reducing balance
Computer equipment | Straight line over 3 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 May 2024 | 16,860 | 12,244 | 35,137 | 61,278 | 125,519
Additions | - | 3,167 | - | 3,834 | 7,001
At 30 April 2025 | 16,860 | 15,411 | 35,137 | 65,112 | 132,520
Depreciation
At 1 May 2024 | 5,529 | 8,302 | 26,799 | 39,880 | 80,510
Charge for the year | 674 | 2,109 | 2,084 | 6,308 | 11,175
At 30 April 2025 | 6,203 | 10,411 | 28,883 | 46,188 | 91,685
Carrying amount
At 30 April 2025 | 10,657 | 5,000 | 6,254 | 18,924 | 40,835
At 30 April 2024 | 11,331 | 3,942 | 8,338 | 21,398 | 45,009

Included within the net book value of land and buildings above is £10,657 (2024 - £11,331) in respect of freehold land and buildings.

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Investment properties

| 2025 £
At 1 May | 795,000
Additions | 259,875
Disposals | (450,000)
At 30 April | 604,875

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 725 | 29,809
Other debtors | 50,001 | 20,501
| 50,726 | 50,310

Liebre Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 67,711 | 74,703
Trade creditors |  | 100,672 | 110,158
Taxation and social security |  | 50,277 | 32,506
Accruals and deferred income |  | 27,913 | 1,300
Other creditors |  | 19 | 20
|  | 246,592 | 218,687

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 107,061 | 238,980

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 68,250 | 68,250

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 244,249 | 244,249