Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
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| 2,732,980 | 2,153,792 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 99,003 | 42,866 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (1,893,222) | (1,395,723) | ||
| Total assets less current liabilities | 839,758 | 758,069 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net (liabilities)/assets | (
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Fair value reserve | (
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| Profit and loss account | (
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| Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
The financial statements of Lewis-One Property Investments Ltd (registered number:
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Elliot Lewis
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Lewis-One Property Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Johnston Carmichael Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £1,893,222. The Company is supported through loans from the directors as detailed in the related party transaction note in these financial statements. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
The fair value is determined annually by the directors, on an open market value for existing use basis.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from related parties, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 December 2024 |
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| Additions | 749,188 |
| Fair value movement | (170,000) |
| As at 30 November 2025 |
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Valuation
The fair value of the investment properties have been arrived at on the basis of valuations carried out at 30 November 2025 by the directors. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
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| Deferred tax asset |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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Bank loans are secured by way of fixed and floating charges held over the properties and undertakings of the company.
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Other creditors |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured / repayable by instalments) |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Transactions with the entity's directors
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts due to directors | 1,940,018 | 1,939,909 |
The above balance includes amounts of £518,299 which are due for repayment on 2 September 2027. This loan is subject to a 5.5% interest, payable annually on 3 September.
The above balance includes amounts of £120,000 which are due for repayment on 31 May 2028. This loan is subject to 5.5% interest, payable annually on 1 June.
The above balance includes amounts of £90,000 which are due for repayment on 22 May 2029. This loan is subject to 5.5% interest, payable annually on 23 May.
The remaining balances are interest free and repayable on demand.
Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts due to related parties | 640,000 | 0 |
The amounts due to related parties include a £625,000 loan repayable on demand. The loan is subject to 5.5% interest annually, payable monthly.
The remaining balances are interest free and repayable on demand.