Registration number: 02603763

Lizan Investments Limited

(Registration number: 02603763)

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	1,814,625	2,092,329
Current assets
Debtors	5	5,625	8,181
Cash at bank and in hand		515,934	232,397
		521,559	240,578
Creditors: Amounts falling due within one year	6	(970,180)	(1,023,501)
Net current liabilities		(448,621)	(782,923)
Net assets		1,366,004	1,309,406
Capital and reserves
Called up share capital		96	96
Retained earnings		1,365,908	1,309,310
Shareholders' funds		1,366,004	1,309,406

For the financial 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.

Director's 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 director acknowledges 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 23 July 2026
 

.........................................

J K Dashper

Director

Lizan Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

Statutory information

Lizan Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 02603763. The registered office is at The Grange, Todwick Grange, Worksop Road, Sheffield, S26 1JQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Plant and machinery	25% straight line
Motor vehicles	25% straight line

Lizan Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

1	Accounting policies (continued)

Investment property

Investment properties are initially recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

 

2	Staff numbers

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

Lizan Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Tangible assets

	Investment properties £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	2,091,960	49,604	2,141,564
Disposals	(277,612)	-	(277,612)
At 31 December 2025	1,814,348	49,604	1,863,952
Depreciation
At 1 January 2025	-	49,235	49,235
Charge for the year	-	92	92
At 31 December 2025	-	49,327	49,327
Carrying amount
At 31 December 2025	1,814,348	277	1,814,625
At 31 December 2024	2,091,960	369	2,092,329

4	Investment properties

The investment properties class of fixed assets consists of land and buildings and they were revalued by the directors on 31 December 2025. The basis of this valuation was existing use basis. This class of assets has a current value of £1,814,348 (2024: £2,091,960) and a carrying amount at historical cost of £1,814,348 (2024: £2,449,232). The depreciation on this historical cost is £Nil (2024: £Nil).

Page 4

Lizan Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5

Debtors

	2025 £	2024 £
Prepayments	2,671	-
Other debtors	2,954	8,181
	5,625	8,181

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	62	62
Taxation and social security	19,433	18,754
Accruals and deferred income	5,685	59,685
Director's current account	650,000	650,000
Other creditors	295,000	295,000
	970,180	1,023,501

7	Related party transactions

The director's current account of £650,000 (2024: £650,000) is interest free. The other creditors of £295,000 (2024: £295,000) are loans from Mr and Mrs Dashper and are also interest free.