REGISTERED NUMBER: 01537235 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

FINANCE & LEASING (LONDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T G Garner

J M Webb

SECRETARY:

J M Webb

REGISTERED OFFICE:

4 Centurion Court

31 Woodford Road

South Woodford

London

E18 2BQ

REGISTERED NUMBER:

01537235 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

4

4,801

36,756

CURRENT ASSETS

Debtors

5

733,344

1,404,031

Cash at bank and in hand

978,089

326,651

1,711,433

1,730,682

CREDITORS

Amounts falling due within one year

6

61,293

18,131

NET CURRENT ASSETS

1,650,140

1,712,551

TOTAL ASSETS LESS CURRENT LIABILITIES

1,654,941

1,749,307

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,653,941

1,748,307

SHAREHOLDERS' FUNDS

1,654,941

1,749,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2026 and were signed on its behalf by:

T G Garner - Director

J M Webb - Director

1.	STATUTORY INFORMATION

Finance & Leasing (London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents leasing income and hire purchase interest receivable from agreements issued. For each agreement, turnover is recognised on a straight line basis over the life of the agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 5 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2025

174,878

8,848

183,726

Additions

-

251

251

Disposals

(139,324

)

-

(139,324

)

At 31st December 2025

35,554

9,099

44,653

DEPRECIATION

At 1st January 2025

138,451

8,519

146,970

Charge for year

3,364

130

3,494

Eliminated on disposal

(110,612

)

-

(110,612

)

At 31st December 2025

31,203

8,649

39,852

NET BOOK VALUE

At 31st December 2025

4,351

450

4,801

At 31st December 2024

36,427

329

36,756

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

15,428

Leasing debtors

161,464

261,091

Hire purchase debtors

268,787

646,412

Directors' current accounts

119,336

-

Taxation

40,276

-

VAT

-

5,585

Prepayments and accrued income

38,578

29,347

628,441

957,863

Amounts falling due after more than one year:

Leasing debtors

40,669

110,916

Hire purchase debtors

64,234

335,252

104,903

446,168

Aggregate amounts

733,344

1,404,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

127

299

Taxation

40,301

25

VAT

7,345

-

Other creditors

3,501

1,125

Directors' current accounts

-

1,112

Accrued expenses

10,019

15,570

61,293

18,131

7.	SECURED DEBTS

There are no charges in place.

8.	OTHER FINANCIAL COMMITMENTS

Future rental income due from leasing and hire purchase agreements entered into prior to

31st December 2025 amounts to £565,930 (2024 - £1,610,618).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was owed by directors £119,336 at the Balance Sheet date. (2024 - £1,112.)

Interest charged on the overdrawn director’s loan account during the year amounted to £3,183.39 (2024: £nil).

10.	RELATED PARTY DISCLOSURES

During the year, the directors purchased motor vehicles from the company. The transactions were carried out at the vehicles’ market value at the date of sale, as determined by valuations online. The total consideration received by the company for these disposals amounted to £54,500.

These transactions constituted related-party transactions and were conducted on an arm’s-length basis. No gains or losses outside normal trading were recognised as a result of these disposals.

11.	ACCOUNTING FOR LEASES

The cost of assets acquired in the year for the purpose of letting under finance leases amounted to

£Nil (2024 - £Nil). The aggregate rentals receivable under finance leases for the year amounted to £206,598 (2024 - £206,598). The interest element is recognised as income in the period in which it accrues, and amounted to £47,165 (2024 - £61,064).