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Registration number: 04530388

Lee Sing Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Lee Sing Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

Lee Sing Limited

(Registration number: 04530388)
Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,112 | 8,155
Investment property | 5 | 696,594 | 696,594
|  | 702,706 | 704,749
Current assets |  |  |
Debtors | 6 | 73,349 | 37,519
Cash at bank and in hand |  | 11,652 | 1,186
|  | 85,001 | 38,705
Creditors: Amounts falling due within one year | 7 | (453,821) | (432,066)
Net current liabilities |  | (368,820) | (393,361)
Total assets less current liabilities |  | 333,886 | 311,388
Creditors: Amounts falling due after more than one year | 7 | (76,918) | (88,120)
Net assets |  | 256,968 | 223,268
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 256,868 | 223,168
Shareholders' funds |  | 256,968 | 223,268

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

Ms L M Lee Company secretary and director

Lee Sing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principle place of business is:
66-68 High Street
Burnham On Sea
Somerset
TA8 1PE
England and Wales

Principal activity

The principal activity of the company is the rental of the company's investment property and fixed assets.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

Due to the company having a net current liabilities of £368,245 (2024: £393,361) it relies on the continued support of the Directors. The directors have confirmed their continued support and consider that the company retains sufficient working capital to continue trading for the foreseeable future. For this reason, the accounts are prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lee Sing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Restaurant Equipment | - 25% reducing balance
Office Equipment | - 33% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Changes in fair value are recognised in the profit or loss. The valuation has been completed by the directors and consider it to be correct.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Lee Sing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 October 2024 | 86,541 | 3,346 | 89,887
At 30 September 2025 | 86,541 | 3,346 | 89,887
Depreciation
At 1 October 2024 | 78,419 | 3,313 | 81,732
Charge for the year | 2,032 | 11 | 2,043
At 30 September 2025 | 80,451 | 3,324 | 83,775
Carrying amount
At 30 September 2025 | 6,090 | 22 | 6,112
At 30 September 2024 | 8,122 | 33 | 8,155

5 | Investment properties

| 2025 £
At 1 October | 696,594
At 30 September | 696,594

The properties are included in the accounts at cost as in the opinion of the directors the carrying value of the properties in the accounts is unlikely to be materially different.

There has been no valuation of investment property by an independent valuer.

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 73,349 | 37,519
| 73,349 | 37,519

Lee Sing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 10,268 | 10,836
Taxation and social security |  | 20,653 | 15,506
Accruals and deferred income |  | 5,011 | 4,926
Other creditors |  | 417,889 | 400,798
|  | 453,821 | 432,066

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 76,918 | 88,120

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Related party transactions

In the year the company received £57,600 (2024 £57,600) from The Taste of the Orient restaurant, a business which is owned 100% by Mrs LM Lee. In addition, the company recharged expenses to The Taste of the Orient amounting to £105,890 (2024 £96,955). The trade debtor amount in relation to The Taste of the Orient totals £73,349 (2024 £37,519).

Transactions with directors

2025 | At 1 October 2024 £ | Repayments by director £ | At 30 September 2025 £
Directors | (400,798) | (17,091) | (417,889)

Lee Sing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

9 | Related party transactions (continued)

2024 | At 1 October 2023 £ | Advances to director £ | At 30 September 2024 £
Directors | (403,091) | 2,293 | (400,798)

The loan is interest-free, unsecured, and repayable on demand but interest may be charged.