REGISTERED NUMBER: 07661211 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Linford Properties (Leicester) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C G Reid

S D Reid

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

07661211 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

3,629

3,394

Investment property

5

7,122,605

6,694,525

7,126,234

6,697,919

CURRENT ASSETS

Debtors

6

221,209

251,580

Cash at bank

200,610

198,543

421,819

450,123

CREDITORS

Amounts falling due within one year

7

2,503,358

2,727,612

NET CURRENT LIABILITIES

(2,081,539

)

(2,277,489

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,044,695

4,420,430

PROVISIONS FOR LIABILITIES

712

611

NET ASSETS

5,043,983

4,419,819

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

4,052,792

4,052,792

Retained earnings

990,191

366,027

5,043,983

4,419,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

C G Reid - Director

S D Reid - Director

1.	STATUTORY INFORMATION

Linford Properties (Leicester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Employee ownership trust

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights or other access to those present economic benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

12,695

5,435

18,130

Additions

882

-

882

At 31 March 2026

13,577

5,435

19,012

DEPRECIATION

At 1 April 2025

9,525

5,211

14,736

Charge for year

497

150

647

At 31 March 2026

10,022

5,361

15,383

NET BOOK VALUE

At 31 March 2026

3,555

74

3,629

At 31 March 2025

3,170

224

3,394

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

6,694,525

Additions

38,580

Revaluations

389,500

At 31 March 2026

7,122,605

NET BOOK VALUE

At 31 March 2026

7,122,605

At 31 March 2025

6,694,525

Investment properties were valued on an open market basis on 20 November 2025 by Lambert Smith Hampton by George Farrell BSc (Hons) MRICS and Hannah Logan BSc (Hons) MRICS.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

(695,000

)

Valuation in 2019

(717,960

)

Valuation in 2024

(1,514,500

)

Valuation in 2025

389,500

Cost

9,660,565

7,122,605

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

52,709

71,290

Other debtors

168,500

180,290

221,209

251,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

29

7,128

Taxation and social security

91,726

114,920

Other creditors

2,411,603

2,605,564

2,503,358

2,727,612

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

C G Reid

Balance outstanding at start of year

(194,895

)

(217,653

)

Amounts advanced

51,000

29,653

Amounts repaid

(7,762

)

(6,895

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(151,657

)

(194,895

)

S D Reid

Balance outstanding at start of year

(2,307,935

)

(2,482,612

)

Amounts advanced

184,457

250,184

Amounts repaid

(10,110

)

(75,507

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,133,588

)

(2,307,935

)

The above amounts are owed to the Directors by the company.

These amounts are interest free and have no set terms of repayment.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the trustees of the employee ownership trust by virtue of their majority shareholding.