Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 2024-08-01 false Residential property letting 1 1 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15025273 2024-08-01 2025-07-31 15025273 2023-07-24 2024-07-31 15025273 2025-07-31 15025273 2024-07-31 15025273 c:Director1 2024-08-01 2025-07-31 15025273 d:FreeholdInvestmentProperty 2024-08-01 2025-07-31 15025273 d:FreeholdInvestmentProperty 2025-07-31 15025273 d:FreeholdInvestmentProperty 2024-07-31 15025273 d:CurrentFinancialInstruments 2025-07-31 15025273 d:CurrentFinancialInstruments 2024-07-31 15025273 d:Non-currentFinancialInstruments 2025-07-31 15025273 d:Non-currentFinancialInstruments 2024-07-31 15025273 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 15025273 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15025273 d:Non-currentFinancialInstruments d:AfterOneYear 2025-07-31 15025273 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 15025273 d:ShareCapital 2025-07-31 15025273 d:ShareCapital 2024-07-31 15025273 d:RetainedEarningsAccumulatedLosses 2025-07-31 15025273 d:RetainedEarningsAccumulatedLosses 2024-07-31 15025273 c:FRS102 2024-08-01 2025-07-31 15025273 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 15025273 c:FullAccounts 2024-08-01 2025-07-31 15025273 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 15025273 2 2024-08-01 2025-07-31 15025273 e:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Registered number: 15025273 LESTER & CO (P INVESTMENTS) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
LESTER & CO (P INVESTMENTS) LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 7
LESTER & CO (P INVESTMENTS) LIMITED REGISTERED NUMBER: 15025273 BALANCE SHEET AS AT 31 JULY 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 422,626 |  | 395,020
|  |  | 422,626 |  | 395,020
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 4,046 |  | 3,595 |
Cash at bank and in hand |  | 12,722 |  | 64,617 |
|  | 16,768 |  | 68,212 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 6 | (7,271) |  | (2,750) |
Net current assets |  |  | 9,497 |  | 65,462
Total assets less current liabilities |  |  | 432,123 |  | 460,482
Creditors: amounts falling due after more than one year | 7 |  | (536,084) |  | (503,021)
Net liabilities |  |  | (103,961) |  | (42,539)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (103,962) |  | (42,540)
|  |  | (103,961) |  | (42,539)
Page 1
LESTER & CO (P INVESTMENTS) LIMITED REGISTERED NUMBER: 15025273 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ P A S Lester
Director
Date: 30 April 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
LESTER & CO (P INVESTMENTS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Lester & Co (P Investments) Limited is a private company, limited by shares, registered in England and Wales, registration number 15025273. The registered office is First Floor, One Colton Square, Leicester, LE1 1QH. Principal activities The principal activity of the Company continued to be that of a residential property lettings. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. 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 Company's functional and presentational currency is British Pound Sterling (£). The current year figures are for 12 months, whereas the comparative figures are for 13 months due to the Company commencing trading during the previous period. The following principal accounting policies have been applied:
| 2.2 | Going concern
The going concern of the Company has been considered by the director and he believes the Company will continue to trade for the foreseeable future and at least 12 months from approval of the ifinancial statements. The Company will receive support from the director to meet the needs of the Company.
| 2.3 | Interest income
Interest income is recognised in the Profit and Loss Account using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in the Profit and Loss Account in the year in which they are incurred.
| 2.6 | Taxation
Tax is recognised in the Profit and Loss Account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. Page 3
LESTER & CO (P INVESTMENTS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.6 | Taxation (continued)
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Page 4
LESTER & CO (P INVESTMENTS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024: 1).
Page 5
LESTER & CO (P INVESTMENTS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2024 | 395,020
| Additions at cost | 27,606
| At 31 July 2025 | 422,626
The 2025 valuations were made by the director, on an open market value for existing use basis.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 3,151 | 3,151
| Other debtors | 422 | -
| Prepayments and accrued income | 473 | 444
|  | 4,046 | 3,595
6. | Creditors: Amounts falling due within one year
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,568 | -
| Other taxation and social security | 163 | -
| Accruals and deferred income | 3,540 | 2,750
|  | 7,271 | 2,750
Page 6
LESTER & CO (P INVESTMENTS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 536,084 | 503,021
|  | 536,084 | 503,021
| Other loans are secured with a fixed and floating charge over the investment property.
8. | Reclassification of prior year other loans
During the year the directors reviewed the ageing of other loans, following their review the amount due within one year of £503,021 in the prior year has been reclassified to due after more than one year. The reclassification has had no effect on the reserves position in the prior year.
9. | Related party transactions
| The Company secured a loan of £500,000 from a related party in a previous year, which is repayable at the latest by the 10th anniversary of the loan agreement. Interest is charged on the loan at 2% above the National Westminster Bank plc base rate, accruing daily and payable quarterly in arrears for as long as the loan remains outstanding.
10. | Controlling party
The immediate and ultimate parent undertaking of this Company is Lester and Company (Developments) Limited, a Company registered in England and Wales. The registered office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ. The group is a small group and is exempt from preparing consolidated accounts.
Page 7