Lightfoot Property Rentals Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10138669

Lightfoot Property Rentals Ltd

Filleted Unaudited Financial Statements

31 December 2025

Lightfoot Property Rentals Ltd

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	530,000	530,000

Current assets

Cash at bank and in hand	51,955	36,579

Creditors: amounts falling due within one year	6	373,525	360,556
		---------	---------
Net current liabilities		321,570	323,977
		---------	---------
Total assets less current liabilities		208,430	206,023

Creditors: amounts falling due after more than one year	7	132,000	132,000

Provisions	16,934	16,934
	---------	---------
Net assets	59,496	57,089
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	54,750	54,750
Profit and loss account	3,746	1,339
	--------	--------
Shareholders funds	59,496	57,089
	--------	--------

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 31 December 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 .

Lightfoot Property Rentals Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 April 2026 , and are signed on behalf of the board by:

Mr S R Sidwell

Director

Company registration number: 10138669

Lightfoot Property Rentals Ltd

Notes to the Financial Statements

Year ended 31 December 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 Copes Park Farm, Lightfoot Road, Uttoxeter, Staffs, ST14 7HA.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is the amount of rent due to the company for the accounting period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

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

5. Tangible assets

	Freehold property
	£
Cost
At 1 January 2025 and 31 December 2025	530,000
	---------
Depreciation
At 1 January 2025 and 31 December 2025	–
	---------
Carrying amount
At 31 December 2025	530,000
	---------
At 31 December 2024	530,000
	---------

The valuation of investment properties was carried out by the directors at 31st December 2023. The valuation was made on the assumption that the properties were offered for sale with the benefit of vacant possession.

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	190	–
Central Civil Supplies Ltd Loan	12,001	12,000
Other creditors	361,334	348,556
	---------	---------
	373,525	360,556
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Central Civil Supplies Ltd Loan	132,000	132,000
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £72,000 (2024: £72,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

No interest is charged on the loan, repayments are currently suspended.

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	16,934	16,934
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Revaluation of tangible assets	16,934	16,934
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mrs S J Sidwell	( 180,258)	( 6,888)	( 187,146)
Mr S R Sidwell	( 135,428)	( 5,142)	( 140,570)
	---------	--------	---------
	( 315,686)	( 12,030)	( 327,716)
	---------	--------	---------

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mrs S J Sidwell	( 128,539)	( 6,888)	(135,427)
Mr S R Sidwell	( 172,222)	( 8,037)	(180,259)
	---------	--------	---------
	( 300,761)	( 14,925)	( 315,686)
	---------	--------	---------

10. Related party transactions

The company has borrowed £200,000 initially interest free from a company under the control of the directors of this company. The company pays interest on loans made to it by the directors at the rate of 5% p a