Lehri House Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5229929

Lehri House Ltd

Filleted Unaudited Financial Statements

30 April 2025

Lehri House Ltd

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		7,796,014	7,789,480

Current assets

Debtors	8	556,289	369,421
Cash at bank and in hand		7,764	11,130
		-----------	-----------
		564,053	380,551

Creditors: amounts falling due within one year	9	2,532,768		2,537,458
		---------------		---------------
Net current liabilities			1,968,715	2,156,907
			---------------	---------------
Total assets less current liabilities			5,827,299	5,632,573

Creditors: amounts falling due after more than one year	10		281,655	265,201

Provisions

Taxation including deferred tax	425,237	496,297
	---------------	---------------
Net assets	5,120,407	4,871,075
	---------------	---------------

Lehri House Ltd

Statement of Financial Position (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	12	80	80
Profit and loss account	13	5,120,327	4,870,995
		---------------	---------------
Shareholders funds		5,120,407	4,871,075
		---------------	---------------

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 30th April 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 .

These financial statements were approved by the board of directors and authorised for issue on 20 July 2025 , and are signed on behalf of the board by:

Mr Naheam Rafiq

Director

Company registration number: 5229929

Lehri House Ltd

Notes to the Financial Statements

Year Ended 30th April 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 Saturn Business Centre, 54-68 Bissell Street, Birmingham, B5 7HP.

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.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

The turnover shown in the profit and loss account represents rent receivable during the period, exclusive of Value Added Tax.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance

Revaluations The company states its freehold properties at valuation as required by FRS102 for investment properties. A full independent valuation is carried out every five years on an open market basis, with an interim valuation carried out every three years. In the intervening years the directors review the carrying value of freehold properties and adjustments are made where there has been a material change. Revaluation increase or decrease is provided through the profit and loss account on leasehold and freehold properties based on the difference between net book value and the revaluation value of the property. Any revaluation reserves are shown within the profit and loss reserve note.

Impairment of fixed assets

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.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	78,659	65,613
Adjustments in respect of prior periods	3	–
	----------	----------
Total current tax	78,662	65,613
	----------	----------

Deferred tax:

Origination and reversal of timing differences	( 71,060)	( 307)
	----------	----------
Tax on profit	7,602	65,306
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	303,934	261,850
	-----------	-----------
Profit on ordinary activities by rate of tax	75,984	65,463
Adjustment to tax charge in respect of prior periods	3	–
Effect of expenses not deductible for tax purposes	4,900	148
Effect of capital allowances and depreciation	( 2,225)	2
Deferred Tax	( 71,060)	( 307)
	-----------	-----------
Tax on profit	7,602	65,306
	-----------	-----------

6. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	47,000	–
	----------	-----

7. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1st May 2024	7,720,881	88,981	91,163	7,901,025
Additions	15,531	–	18,320	33,851
Revaluations	( 14,031)	–	–	( 14,031)
	---------------	----------	-----------	---------------
At 30th April 2025	7,722,381	88,981	109,483	7,920,845
	---------------	----------	-----------	---------------
Depreciation
At 1st May 2024	–	63,980	47,565	111,545
Charge for the year	–	3,750	9,536	13,286
	---------------	----------	-----------	---------------
At 30th April 2025	–	67,730	57,101	124,831
	---------------	----------	-----------	---------------
Carrying amount
At 30th April 2025	7,722,381	21,251	52,382	7,796,014
	---------------	----------	-----------	---------------
At 30th April 2024	7,720,881	25,001	43,598	7,789,480
	---------------	----------	-----------	---------------

Revaluations Desktop valuations as of 30th April 2023 have been undertaken for 10 properties. Property 1 was valued by Zafar Zackaria of Chivers Commerical on 2nd February 2021. Property 7 was valued by Simon Cavey BA(Hons) MSc MRICS on 30th January 2019. Property 8 was valued by A. M. Shareef MRICS FCABE of Property Link on 27th November 2021. Property 10 was valued by A.M. Shareef MRICS FCABE of Property Link on 13th January 2022. Property 9 was completed last year and has not been valued yet so it is shown at at historic cost. The remaining 5 properties were valued on 16th May 2018 by Mr Y. Latif FCABE; Surveyor of Property Link Birmingham. The directors have confirmed there is no change in market value from these valuations. Freehold Property Revaluations

	Historic cost	Market Value
	£	£
Property 1	596,628	1,350,000
Property 2	626,558	550,000
Property 3	355,540	390,000
Property 4	577,995	760,000
Property 5	537,288	600,000
Property 6	416,541	410,000
Property 7	275,501	350,000
Property 8	873,314	1,500,000
Property 9	601,189	600,239
Property 10	573,294	1,212,142
	---------------	---------------
	5,433,848	7,722,381
	---------------	---------------

The directors currently have no intentions to sell the company's properties. However, if all the above properties were to be sold there would be a total gain after indexation of £1,967,725 after any losses available, deferred tax of £491,681 has been provided on the potential capital gain. See note 12 for deferred tax rates used.

8. Debtors

	2025	2024
	£	£
Trade debtors	161,777	155,830
Prepayments	–	1,548
Other debtors	394,512	212,043
	-----------	-----------
	556,289	369,421
	-----------	-----------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	58,768	60,525
Trade creditors	212,269	207,686
Corporation tax	191,585	184,760
Social security and other taxes	49,392	33,194
Directors' loan account	1,334	12,585
Accruals	9,950	9,950
Other creditors	10,986	10,986
Amounts owed to associated company	1,900,406	1,916,933
Other creditors	98,078	100,839
	---------------	---------------
	2,532,768	2,537,458
	---------------	---------------

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

	2025	2024
	£	£
Bank loans and overdrafts	228,978	212,524
Other creditors	52,677	52,677
	-----------	-----------
	281,655	265,201
	-----------	-----------

11. Deferred tax

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

	2025	2024
	£	£
Included in provisions	425,237	496,297
	-----------	-----------

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

	2025	2024
	£	£
Accelerated capital allowances	425,237	496,297
	-----------	-----------

Deferred taxation has been provided at 25%

12. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	80	80	80	80
	-----	-----	-----	-----

13. Reserves

Revaluation reserve This reserve represents differences between market value and historic costs of freehold properties of the company at year end date. An amount of £2,288,534 (2024 - £2,597,634) is included within the profit and loss reserves before deferred taxation. The deferred tax on revaluations gain already provided is £418,645 (2024 - £491,931). Profit and loss account This reserve records retained earnings and accumulated losses.

14. Directors' advances, credits and guarantees

The Directors loan account was not overdrawn during the current or prior year.

15. Related party transactions

Controlling Party The company was equally owned and controlled by the four directors and their wives. The directors were the key management personnel during the year. Amounts owed to associated company Three directors of Lehri House Ltd (LHL) and their wives are also shareholders of another company. The amounts due to that company at the year end was £1,503,071 (2024 - £1,510,767). No interest is charged on this balance. Two directors of LHL are both directors and shareholders in another company. The amounts due to the company at year end was £395,835 (2024 - £406,166), Management fees of £3,600 (2024 - £3,600) were charged to the other company during the year.