Leis Development Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Leis Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08276990 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial

Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of

the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable

right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability

simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including

transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not discounted.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An

equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as

debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are

subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are

measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within

one year are not discounted.

Debt instruments are subsequently carried at amortised cost, using effective interest rate method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in ordinary course of business from suppliers.

Amounts payable under trade creditors classified as current liabilities if payment is due within one year or less. If not they presented as

non-current liabilities. Trade creditors recognised initially at transaction price and subsequently measured amortised cost using effective

interest method.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Leis Development Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	31,028	62,600
Prepayments and accrued income	30,142	25,642
Other debtors	-	9,000
VAT	1,451	3,632
Amounts owed by related parties	32,350	32,350

	94,971	133,224

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	37,374
Accruals and deferred income	5,251	-
Director's loan account	3,986	3,986
Amounts owed to related parties	55,088	53,499

	64,325	94,859

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Leis Development Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Related Party Transactions

At the balance sheet date, the company was owed £32,350 (2024: £32,350) by Leis Holding Ltd and had a payable balance of £9,129 (2024: £9,129) to the same entity. Leis Holding Ltd is a company under common control. These balances represent interest-free working capital loans that are repayable on demand.

The company also had an outstanding liability of £3,434 (2024: £21,145) to Mr. Ladislav Medek, who is the father of the director and a person with significant control over the company. This amount is unsecured, interest-free, and repayable on demand.

During the financial year, the company generated all of its revenue, totalling £69,200 from related entities. These entities include LEIS Delta s.r.o., LEIS Omega s.r.o., and LEIS Service Energy s.r.o. The company owed £667.88 to LEIS Service Energy s.r.o. As at the balance sheet date, a balance of £46,000 (2024: £41,025 was receivable from related parties, specifically LEIS Delta s.r.o., LEIS Omega s.r.o., LEIS Service Energy s.r.o., and LEIS Service Property.

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		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	94,971		133,224
Cash at bank and in hand		4,908		3,200

		99,879		136,424
Creditors: Amounts Falling Due Within One Year	5	(64,325 )		(94,859 )

NET CURRENT ASSETS (LIABILITIES)			35,554		41,565

TOTAL ASSETS LESS CURRENT LIABILITIES			35,554		41,565

NET ASSETS			35,554		41,565

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			35,454		41,465

SHAREHOLDERS' FUNDS			35,554		41,565