REGISTERED NUMBER: 12212116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

LEAVIS HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A D Gadney

REGISTERED OFFICE:

12 Bulstrode Gardens

Cambridge

CB3 0EN

REGISTERED NUMBER:

12212116 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

952

2,845

Investment property

6

1,405,767

1,331,514

1,406,719

1,334,359

CURRENT ASSETS

Debtors

7

105,245

105,995

Cash and cash equivalents

107,381

69,665

212,626

175,660

CREDITORS

Amounts falling due within one year

8

(7,810

)

(18,256

)

NET CURRENT ASSETS

204,816

157,404

TOTAL ASSETS LESS CURRENT LIABILITIES

1,611,535

1,491,763

CREDITORS

Amounts falling due after more than one year

9

(1,552,773

)

(1,378,459

)

PROVISIONS FOR LIABILITIES

11

(15,262

)

(28,252

)

NET ASSETS

43,500

85,052

CAPITAL AND RESERVES

Called up share capital

12

11

11

Fair value reserve

13

334,302

298,701

Retained earnings

(290,813

)

(213,660

)

SHAREHOLDERS' FUNDS

43,500

85,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

A D Gadney - Director

1.	STATUTORY INFORMATION

Leavis House 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The areas involving the most significant judgement and estimation uncertainty are set out below.

Valuation of Investment Properties

Investment properties are measured at fair value at the reporting date. Fair value is determined by the directors using available market evidence, including recent sales of comparable properties in the local area. Where directly comparable market transactions are limited or unavailable, the directors also consider factors such as expected rental income, property condition, location and prevailing market yields in determining an appropriate valuation.

Property valuations are inherently subjective and involve significant estimation uncertainty. Changes in market conditions, rental yields, occupancy assumptions or comparable transaction data could result in material adjustments to the carrying value of investment properties in future periods.

Capitalisation of Property Expenditure

The company incurs expenditure on the refurbishment, renovation and maintenance of its property portfolio. The directors exercise judgement in determining whether expenditure should be recognised as a repair and charged to profit or loss as incurred, or capitalised as part of the property's carrying value.

This assessment requires consideration of whether the expenditure restores the asset to its original condition or enhances the economic benefits expected to be derived from the property. Due to the nature and scale of certain renovation projects, different conclusions could materially affect both the profit for the year and the carrying value of investment properties.

Deferred Taxation

Deferred tax is recognised in respect of timing differences arising between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases. For a property investment company, this primarily arises from unrealised gains recognised on the revaluation of investment properties and other timing differences.

The calculation of deferred tax requires management to estimate the extent and timing of future reversals of temporary differences and apply the tax rates expected to be in force when those differences reverse. Changes in tax legislation, tax rates or assumptions regarding the recovery of property values may result in material adjustments to the deferred tax balances recognised in future periods.

Turnover

Turnover comprises rental income receivable. The company is not VAT registered.

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

-

20% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

48,280

2,987

51,267

DEPRECIATION

At 1 November 2024

46,928

1,494

48,422

Charge for year

1,352

541

1,893

At 31 October 2025

48,280

2,035

50,315

NET BOOK VALUE

At 31 October 2025

-

952

952

At 31 October 2024

1,352

1,493

2,845

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,331,514

Additions

245,656

Disposals

(210,000

)

Revaluations

38,597

At 31 October 2025

1,405,767

NET BOOK VALUE

At 31 October 2025

1,405,767

At 31 October 2024

1,331,514

Fair value at 31 October 2025 is represented by:

£

Valuation in 2021

330,596

Valuation in 2022

55,932

Valuation in 2023

(79,494

)

Valuation in 2024

20,000

Valuation in 2025

38,597

Cost

1,040,136

1,405,767

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

as restated

£

£

Cost

1,040,136

1,004,480

Investment properties were valued on an open market basis on 31 October 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

105,245

105,995

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

4,640

7,139

Other creditors

1,464

-

Accrued expenses

1,706

11,117

7,810

18,256

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans - 1-2 years

4,639

7,141

Bank loans - 2-5 years

9,278

8,913

Mortgages

1,060,475

958,945

Directors' loan accounts

478,381

403,460

1,552,773

1,378,459

Amounts falling due in more than five years:

Repayable by instalments

Mortgages

1,060,475

958,945

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Mortgages

1,060,475

958,945

Mortgages are secured by way of a fixed charge over freehold property.

11.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

15,262

28,252

Deferred

tax

£

Balance at 1 November 2024

28,252

Credit to Profit and loss account during year

(12,990

)

Balance at 31 October 2025

15,262

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

95

Ordinary A

10p

10

10

5

Ordinary B

10p

1

1

11

11

Share capital in the accounts has been rounded to the nearest pound. The total share capital is £10.

13.

RESERVES

Fair

value

reserve

£

At 1 November 2024

298,701

Reserve transfers

35,601

At 31 October 2025

334,302

14.	RELATED PARTY DISCLOSURES

Disclosed within other creditors due in more than one year is an amount owed to the director of £478,382 (2024: £403,459). No interest has been charged on the balance during the year (2024: £36,142). The balance is unsecured and repayable on demand. The director has confirmed that repayment will not be sought within twelve months of the balance sheet date.

Disclosed within other debtors is an amount due to the company of £105,245 (2024: £105,245) from a company in which the director has a participating interest. The balance is unsecured, interest free and repayable on demand.

15.	UNSECURED DEBTS

Unsecured bank loans refer to borrowing under the bounce back loan scheme and are unsecured.