Resolute (Leeds) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10994569

RESOLUTE (LEEDS) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 August 2025

RESOLUTE (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION

29 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	6	12,000	14,400
Tangible assets	7	325,881	319,359
		---------	---------
		337,881	333,759

CURRENT ASSETS

Debtors	8	68,366	85,628
Cash at bank and in hand		39,609	53,759
		---------	---------
		107,975	139,387

CREDITORS: amounts falling due within one year	9	( 1,385,132)		( 1,467,577)
		------------		------------
NET CURRENT LIABILITIES			( 1,277,157)		( 1,328,190)
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 939,276)		( 994,431)

CREDITORS: amounts falling due after more than one year	10		–		( 7,500)

PROVISIONS	( 5,451)	( 319)
	---------	------------
NET LIABILITIES	( 944,727)	( 1,002,250)
	---------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 944,827)	( 1,002,350)
	---------	------------
SHAREHOLDERS DEFICIT	( 944,727)	( 1,002,250)
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 29 August 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RESOLUTE (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

29 August 2025

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

S Allison

Director

Company registration number: 10994569

RESOLUTE (LEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 29 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Castleton Mill, Castleton Close, Leeds, LS12 2DS, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing financial support of the company.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the LLP in respect of rents receivable, exclusive of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property improvements	-	10% straight line
Fixtures and fittings	-	20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TAX ON PROFIT/(LOSS)

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	11,164	–
Corporation tax refund	–	( 1,541)
	--------	-------
Total current tax	11,164	( 1,541)
	--------	-------

Deferred tax:

Origination and reversal of timing differences	5,132	( 2,473)
	--------	-------
Tax on profit/(loss)	16,296	( 4,014)
	--------	-------

6. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 30 August 2024 and 29 August 2025	1,189,123
	------------
Amortisation
At 30 August 2024	1,174,723
Charge for the year	2,400
	------------
At 29 August 2025	1,177,123
	------------
Carrying amount
At 29 August 2025	12,000
	------------
At 29 August 2024	14,400
	------------

7. TANGIBLE ASSETS

	Investment property	Leasehold Property Improve -ments	Fixtures and fittings	Total
	£	£	£	£
Cost
At 30 August 2024	280,000	–	66,974	346,974
Additions	–	19,122	1,009	20,131
	---------	--------	--------	---------
At 29 August 2025	280,000	19,122	67,983	367,105
	---------	--------	--------	---------
Depreciation
At 30 August 2024	–	–	27,615	27,615
Charge for the year	–	1,913	11,696	13,609
	---------	--------	--------	---------
At 29 August 2025	–	1,913	39,311	41,224
	---------	--------	--------	---------
Carrying amount
At 29 August 2025	280,000	17,209	28,672	325,881
	---------	--------	--------	---------
At 29 August 2024	280,000	–	39,359	319,359
	---------	--------	--------	---------

The market value of the investment property held as at 29th August 2025 has been calculated by the directors, and has been valued at open market value.

8. DEBTORS

	2025	2024
	£	£
Trade debtors	30,494	63,520
Other debtors	37,872	22,108
	--------	--------
	68,366	85,628
	--------	--------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,500	42,136
Trade creditors	89,486	76,866
Corporation tax	11,164	–
Social security and other taxes	20,297	22,263
Amounts due to related companies	651,623	676,235
Other creditors	605,062	650,077
	------------	------------
	1,385,132	1,467,577
	------------	------------

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	7,500
	----	-------

11. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	195,000	195,000
Later than 1 year and not later than 5 years	390,000	585,000
	---------	---------
	585,000	780,000
	---------	---------