Ley Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08553498

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,593		2,124
Investment Properties	5		28,282,324		28,162,499

			28,283,917		28,164,623
CURRENT ASSETS
Debtors	6	11,672,096		11,175,164
Cash at bank and in hand		16,204		6,899

		11,688,300		11,182,063
Creditors: Amounts Falling Due Within One Year	7	(4,159,636 )		(4,399,186 )

NET CURRENT ASSETS (LIABILITIES)			7,528,664		6,782,877

TOTAL ASSETS LESS CURRENT LIABILITIES			35,812,581		34,947,500

Creditors: Amounts Falling Due After More Than One Year	8		(11,508,727 )		(11,018,972 )

NET ASSETS			24,303,854		23,928,528

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			24,303,754		23,928,428

SHAREHOLDERS' FUNDS			24,303,854		23,928,528

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Ley Developments Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dalbir Sanger

Director

16/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ley Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08553498 . The registered office is 101 Wanstead Park Road, Ilford, Essex, IG1 3TH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from rent and service charges from residential investment properties.

Investment property income

Turnover from investment properties is recognised in advance at the beginning of each calendar month on a receivable basis.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% on reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 September 2024	21,214

As at 31 August 2025	21,214

Depreciation
As at 1 September 2024	19,090
Provided during the period	531

As at 31 August 2025	19,621

...CONTINUED

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Ley Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	1,593

As at 1 September 2024	2,124

5. Investment Property

	31 August 2025
	£
Fair Value
As at 1 September 2024	28,162,499
Additions	119,825

As at 31 August 2025	28,282,324

6. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Trade debtors	349,081	57,658
Prepayments and accrued income	23,456	22,668
Amounts owed by connected companies	11,299,559	11,094,838

	11,672,096	11,175,164

7. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Trade creditors	17,099	17,101
Corporation tax	139,243	96,609
VAT	2,468	1,000
Other creditors	-	188
Amounts owed to connected companies	4,000,826	4,284,288

	4,159,636	4,399,186

8. Creditors: Amounts Falling Due After More Than One Year

	31 August 2025	31 August 2024
	£	£
Bank loans	11,508,727	11,018,972

9. Share Capital

	31 August 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	100	100

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