Company registration number 07970619 (England and Wales)
LEEDS AND LONDON DEVELOPMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
LEEDS AND LONDON DEVELOPMENTS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
LEEDS AND LONDON DEVELOPMENTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
68,013
136,024
Investment property
4
2,195,000
2,195,000
2,263,013
2,331,024
Current assets
Debtors
5
1,662,142
1,726,142
Cash at bank and in hand
500
464
1,662,642
1,726,606
Creditors: amounts falling due within one year
6
(4,258,321)
(4,458,735)
Net current liabilities
(2,595,679)
(2,732,129)
Total assets less current liabilities
(332,666)
(401,105)
Provisions for liabilities
(115,840)
(98,836)
Net liabilities
(448,506)
(499,941)
Capital and reserves
Called up share capital
350,000
350,000
Non-distributable profits reserve
7
551,556
551,556
Distributable profit and loss reserves
(1,350,062)
(1,401,497)
Total equity
(448,506)
(499,941)
LEEDS AND LONDON DEVELOPMENTS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 May 2026 and are signed on its behalf by:
R Rowell
Director
Company registration number 07970619 (England and Wales)
LEEDS AND LONDON DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Leeds and London Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 44 Spinners Hollow, Ripponden, Sowerby Bridge, HX6 4HY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Straight line
Fixtures and fittings
20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LEEDS AND LONDON DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
LEEDS AND LONDON DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2025 and 31 January 2026
77,364
262,699
340,063
Depreciation and impairment
At 1 February 2025
46,419
157,620
204,039
Depreciation charged in the year
15,472
52,539
68,011
At 31 January 2026
61,891
210,159
272,050
Carrying amount
At 31 January 2026
15,473
52,540
68,013
At 31 January 2025
30,945
105,079
136,024
4
Investment property
2026
£
Fair value
At 1 February 2025 and 31 January 2026
2,195,000

Investment property comprises the second and third floor of 8, 10 & 12 Lands Lane & 11 Albion Place. The fair value of the investment property has been arrived at on the basis of a valuation carried out in March 22 by Knight Frank LLP. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The investment property Spencer House, 10 Albion Place, Leeds, has been leased to intercompany Leeds and London Estates Limited for a term of 65 years at a premium of £2,000,000.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,662,141
1,726,141
Other debtors
1
1
1,662,142
1,726,142
6
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
4,224,235
4,421,235
Corporation tax
34,086
37,500
4,258,321
4,458,735
LEEDS AND LONDON DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
7
Non-distributable profits reserve
2026
2025
£
£
At the beginning and end of the year
551,556
551,556
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