Registration number: 14622953

Leapsand Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Leapsand Limited

(Registration number: 14622953)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,822	787
Investment property	5	657,518	672,513
		659,340	673,300
Current assets
Debtors	6	17,374	4,497
Cash at bank and in hand		46,337	24,818
		63,711	29,315
Creditors: Amounts falling due within one year	7	(319,412)	(318,063)
Net current liabilities		(255,701)	(288,748)
Total assets less current liabilities		403,639	384,552
Creditors: Amounts falling due after more than one year	7	(374,609)	(374,320)
Net assets		29,030	10,232
Capital and reserves
Called up share capital		10	10
Profit and loss account		29,020	10,222
Shareholders' funds		29,030	10,232

For the financial year ending 31 January 2026 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 7 August 2026
 

......................................... Mr R J Bounds Director

Leapsand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Leapsand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Asset class	Depreciation method and rate
Office Equipment	25% Reducing Balance
Plant & Machinery	20% Reducing Balance

Investment property

Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially
at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date. The fair value represents the directors best estimate of the property's market value at the reporting date and any changes in fair value are
recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Leapsand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	-	1,049	1,049
Additions	975	612	1,587
At 31 January 2026	975	1,661	2,636
Depreciation
At 1 February 2025	-	262	262
Charge for the year	49	503	552
At 31 January 2026	49	765	814
Carrying amount
At 31 January 2026	926	896	1,822
At 31 January 2025	-	787	787

5	Investment properties

	2026 £
At 1 February	672,513
Fair value adjustments	(14,995)
At 31 January	657,518

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2026 £	2025 £
Trade debtors	9,332	2,413
Other debtors	1,290	900
Prepayments	6,752	1,184
	17,374	4,497

Leapsand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	18,205	1,202
Accruals and deferred income	19,920	11,637
Other creditors	281,287	305,224
	319,412	318,063

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Loans and borrowings	8	374,609	374,320

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	374,320	374,320
Other borrowings	289	-
	374,609	374,320

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £13,003 (2025 - £Nil).