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Registration number: 10331133

Leonard Property Apartments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Leonard Property Apartments Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Leonard Property Apartments Ltd

Company Information

Director | Ms K Leonard

Registered office | Suite A4 Skylon Court Rotherwas Hereford HR2 6JS

Accountants | Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Leonard Property Apartments Ltd

(Registration number: 10331133)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 900,000 | 900,000
Current assets |  |  |
Debtors | 5 | 481 | -
Cash at bank and in hand |  | 13,864 | 22,765
|  | 14,345 | 22,765
Creditors: Amounts falling due within one year | 6 | (258,442) | (292,232)
Net current liabilities |  | (244,097) | (269,467)
Total assets less current liabilities |  | 655,903 | 630,533
Creditors: Amounts falling due after more than one year | 6 | (604,890) | (604,890)
Provisions for liabilities |  | (25,819) | (25,819)
Net assets/(liabilities) |  | 25,194 | (176)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 25,094 | (276)
Shareholders' funds/(deficit) |  | 25,194 | (176)

Leonard Property Apartments Ltd

(Registration number: 10331133)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 December 2025

......................................... Ms K Leonard Director

Leonard Property Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Suite A4 Skylon Court
Rotherwas
Hereford
HR2 6JS
United Kingdom

These financial statements were authorised for issue by the director on 22 December 2025.

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.

Tax

The tax expense for the period comprises 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.

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.

Investment property

Investment property is carried at fair valuer provided by an independent valuer. The independent valuers compares the market prices, adjusted if necessary for any differences 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.

Leonard Property Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Stocks

Work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Leonard Property Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Investment properties

| 2025 £
At 1 August | 900,000
At 31 July | 900,000

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 481 | -
| 481 | -

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 269 | 185
Accruals and deferred income | 1,810 | 1,820
Other creditors | 256,363 | 290,227
| 258,442 | 292,232

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 604,890 | 604,890

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 604,890 | 604,890

Leonard Property Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8 | Related party transactions

Transactions with the director

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
Ms K Leonard
Directors loan | (135,948) | 43,857 | (92,091)

2024 | At 1 August 2023 £ | Advances to director £ | Repayments by director £ | At 31 July 2024 £
Ms K Leonard
Directors loan | (174,679) | 44,481 | (5,750) | (135,948)