ACCOUNTS - Final Accounts

Registered number: 00476283

M. LESSER & SON LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

M. LESSER & SON LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

M. LESSER & SON LIMITED

REGISTERED NUMBER: 00476283

BALANCE SHEET

AS AT 30 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		585		134
Investment property	5		226,868		226,868
			227,453		227,002
Current assets
Debtors: amounts falling due within one year	6	-		2,550
Cash at bank and in hand		6,252		868
		6,252		3,418
Creditors: amounts falling due within one year	7	(300,726)		(309,462)
Net current liabilities			(294,474)		(306,044)
Total assets less current liabilities			(67,021)		(79,042)
Creditors: amounts falling due after more than one year	8		(10,223)		(12,959)

Net liabilities			(77,244)		(92,001)

Capital and reserves
Called up share capital	10,000	10,000
Profit and loss account	(87,244)	(102,001)
	(77,244)	(92,001)

Page 1

M. LESSER & SON LIMITED

REGISTERED NUMBER: 00476283

BALANCE SHEET (CONTINUED)

AS AT 30 DECEMBER 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D.M. Lesser

Director

Date: 5 August 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2

M. LESSER & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

1.	General information

M. Lesser & Son Limited (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of the registered office is Ground Floor, 35 Newhall Street, Birmingham, B3 3PU and the principal place of business is 6 Anker Court, Bonehill Road, Tamworth, Staffordshire, B78 3HP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company is dependent upon a loan from one of the directors, who has indicated that he will continue to provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial statement have been prepared on a going concern basis.

2.3

Rental income

Rental income is recognised in the Statement of comprehensive income on a receivable basis.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

10%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

M. LESSER & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers or directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 4

M. LESSER & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 31 December 2024	2,301
	Additions	516
	At 30 December 2025	2,817
	Depreciation
	At 31 December 2024	2,167
	Charge for the year on owned assets	65
	At 30 December 2025	2,232
	Net book value
	At 30 December 2025	585
	At 30 December 2024	134

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 31 December 2024	226,868
	At 30 December 2025	226,868

The 2025 valuations were made by the directors, on an open market value basis.

The company's freehold investment property is included at fair value, which in the opinion of the directors is not materially different from the original cost.

Page 5

M. LESSER & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	2,550

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loan	2,770	2,770
Trade creditors	106	2,503
Corporation tax	3,974	1,767
Other taxation and social security	371	35
Other creditors	243,505	252,387
Share capital treated as debt	50,000	50,000
	300,726	309,462

The following liabilities were secured:
	2025	2024
	£	£


	Bank loan	2,770	2,770

Details of security provided:

The bank loan is secured by a government guarantee.

Page 6

M. LESSER & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loan	10,223	12,959

The following liabilities were secured:
	2025	2024
	£	£


	Bank loan	10,223	12,959

Details of security provided:

The bank loan is secured by a government guarantee.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
	2025	2024
	£	£

Repayable by instalments

1,169

The bank loan is repayable by instalments over a ten year period at an interest rate of 2.5% per annum. £Nil (2024 - £1,169) is the payable amount still remaining five years from the balance sheet date.

Page 7