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Registration number: 10548684

Lesoza Enterprises Limited Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Lesoza Enterprises Limited

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 28,120 | 36,223
Investment property | 5 | 1,750,000 | 1,750,000
|  | 1,778,120 | 1,786,223
Current assets |  |  |
Debtors | 6 | 674 | 21,208
Cash at bank and in hand |  | 249 | 16,149
|  | 923 | 37,357
Creditors: Amounts falling due within one year | 7 | (1,593,640) | (1,597,978)
Net current liabilities |  | (1,592,717) | (1,560,621)
Total assets less current liabilities |  | 185,403 | 225,602
Provisions for liabilities |  | - | (10,377)
Net assets |  | 185,403 | 215,225
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 185,401 | 215,223
Shareholders' funds |  | 185,403 | 215,225

For the financial 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.

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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Lesoza Enterprises Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Lesoza Enterprises Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 19 March 2026 and signed on its behalf by:

.........................................

Mr A Frangos

Director

Company registration number: 10548684

Lesoza Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment and management consultancy.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 31 March 2025 amounting to £185,403 but net current liabilities of £1,592,717.
At this date an amount of £1,587,389 was due to the directors who have confirmed they won't call for repayment until such time as the company has sufficient working capital.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income and consultancy services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Income from management consultancy is recognised over the period the services are provided based upon the stage of contractual completion. Rental income is recognised evenly over the period of the lease or licence.

Lesoza Enterprises Limited

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge 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 value, derived from the current market prices for comparable real estate determined annually by directors. The directors 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Furniture, fittings and equipment | 20% Straight Line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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.

Lesoza Enterprises Limited

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

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 during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 55,294 | 55,294
Additions | 3,538 | 3,538
At 31 March 2025 | 58,832 | 58,832
Depreciation
At 1 April 2024 | 19,071 | 19,071
Charge for the year | 11,641 | 11,641
At 31 March 2025 | 30,712 | 30,712
Carrying amount
At 31 March 2025 | 28,120 | 28,120
At 31 March 2024 | 36,223 | 36,223

Lesoza Enterprises Limited

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

5 | Investment properties

| 2025 £
Fair value
At 1 April 2024 | 1,750,000
At 31 March 2025 | 1,750,000

The investment properties are included at fair value as estimated by the directors at 31 March 2025 at an amount of £1,750,000.

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 1,923
Other debtors | 674 | 19,285
| 674 | 21,208

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Bank loans and overdrafts | 9 | 51 | -
Other creditors |  | 1,593,589 | 1,597,978
|  | 1,593,640 | 1,597,978

8 | Profit and Loss Account

The profit and loss account includes an amount of £26,824 (2024: £26,824) which is non-distributable.

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 51 | -