REGISTERED NUMBER: 13920826 (England and Wales)

Leven House Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S W Burnett

REGISTERED OFFICE:

Goonpiper Lodge

Feock

Truro

Cornwall

TR3 6RA

REGISTERED NUMBER:

13920826 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

13,315

16,185

Investments

5

59,851

29,728

73,166

45,913

CURRENT ASSETS

Debtors

6

41,417

33,391

Investments

7

-

15,181

Cash at bank

20,154

27,827

61,571

76,399

CREDITORS

Amounts falling due within one year

8

(73,546

)

(67,153

)

NET CURRENT (LIABILITIES)/ASSETS

(11,975

)

9,246

TOTAL ASSETS LESS CURRENT LIABILITIES

61,191

55,159

PROVISIONS FOR LIABILITIES

(2,999

)

(3,653

)

NET ASSETS

58,192

51,506

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

58,191

51,505

58,192

51,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18th May 2026 and were signed by:

S W Burnett - Director

1.	STATUTORY INFORMATION

Leven House 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures, furniture & equipment

-

15% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments

Fixed asset investments consists of listed securities of individual companies, investment trusts and exchange traded funds. Fixed asset investments are measured at fair value at the statement of financial position date.

Fair value is based on the quoted market price in an active market. Fair value adjustments arising from a difference between the cost and current market price of the securities are recognised in profit or loss at the valuation date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Short

furniture

Computer

leasehold

& equipment

equipment

Totals

£

£

£

£

COST

At 1st April 2025

1,138

16,674

4,895

22,707

Additions

-

1,225

-

1,225

Disposals

-

(329

)

-

(329

)

At 31st March 2026

1,138

17,570

4,895

23,603

DEPRECIATION

At 1st April 2025

47

3,530

2,945

6,522

Charge for year

114

2,818

965

3,897

Eliminated on disposal

-

(131

)

-

(131

)

At 31st March 2026

161

6,217

3,910

10,288

NET BOOK VALUE

At 31st March 2026

977

11,353

985

13,315

At 31st March 2025

1,091

13,144

1,950

16,185

5.	FIXED ASSET INVESTMENTS

Listed

investment

£

COST OR VALUATION

At 1st April 2025

29,728

Additions

86,239

Disposals

(54,789

)

Revaluations

(1,327

)

At 31st March 2026

59,851

NET BOOK VALUE

At 31st March 2026

59,851

At 31st March 2025

29,728

Cost or valuation at 31st March 2026 is represented by:

Listed

investment

£

Valuation in 2026

(1,327

)

Cost

61,178

59,851

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

61,178

29,729

Fixed asset investments were valued on an open market basis on 31st March 2026 by Raymond James .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

41,417

33,391

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Listed investments

-

15,181

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

41,194

39,486

Social security and other taxes

3,641

5,231

VAT

26,618

20,343

Other creditors

107

103

Directors' current accounts

377

377

Accrued expenses

1,609

1,613

73,546

67,153

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

21,106

-

Between one and five years

43,493

-

64,599

-

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

S W Burnett

Balance outstanding at start of year

-

438

Amounts repaid

-

(438

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-