| LAE Holdings Limited |
| Registered number: |
09890610 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment property |
4 |
|
|
452,399 |
|
|
452,399 |
| Fixed assets |
5 |
|
|
1,085 |
|
|
1,447 |
| Investments |
6 |
|
|
20 |
|
|
20 |
|
|
|
|
453,504 |
|
|
453,866 |
|
| Current assets |
| Debtors |
7 |
|
7,302 |
|
|
28,346 |
| Cash at bank and in hand |
|
|
5,553 |
|
|
3,705 |
|
|
|
12,855 |
|
|
32,051 |
|
| Creditors: amounts falling due within one year |
8 |
|
(45,383) |
|
|
(77,670) |
|
| Net current liabilities |
|
|
|
(32,528) |
|
|
(45,619) |
|
| Total assets less current liabilities |
|
|
|
420,976 |
|
|
408,247 |
|
| Creditors: amounts falling due after more than one year |
9 |
|
|
(248,730) |
|
|
(262,503) |
|
| Provisions for liabilities |
|
|
|
(21,082) |
|
|
(21,082) |
|
| Net assets |
|
|
|
151,164 |
|
|
124,662 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Fair value reserve |
11 |
|
|
62,162 |
|
|
62,162 |
| Profit and loss account |
|
|
|
88,902 |
|
|
62,400 |
|
| Shareholders' funds |
|
|
|
151,164 |
|
|
124,662 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Mr L Barletta |
| Director |
| Approved by the board on 31/08/2026. |
|
| LAE Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Statutory information |
|
|
LAE Holdings Limited is a private company, limited by shares, registered in England and Wales. |
|
|
The company's registered number and registered office address are as below: |
|
|
Registered number: |
|
|
09890610 |
|
|
Registered office: |
|
|
The Grange |
|
|
|
|
Upsall Road |
|
|
|
|
South Kilvington |
|
|
|
|
YO7 2NF |
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
| 2 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
|
|
Turnover |
|
Turnover represents income received and receivable from investments. |
|
|
Investment property |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% on a reducing balance basis |
|
Computer equipment |
25% on a reducing balance basis |
|
|
Investments |
|
Investments in associates are measured at cost less any accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Accounting policies (continued) |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
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. |
|
|
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investment property |
| Total |
| £ |
|
Fair value |
|
At 1 December 2024 |
452,399 |
|
At 30 November 2025 |
452,399 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
452,399 |
|
At 30 November 2024 |
452,399 |
|
|
|
|
|
|
|
|
|
|
The historic cost of investment property was £369,517 (2024: £369,517). |
|
|
The investment property was valued on an open market basis on 30 November 2025 by the directors. |
|
|
| 5 |
Fixed assets |
|
|
|
|
Plant and machinery |
|
Computer equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2024 |
4,800 |
|
190 |
|
4,990 |
|
At 30 November 2025 |
4,800 |
|
190 |
|
4,990 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
3,486 |
|
57 |
|
3,543 |
|
Charge for the year |
329 |
|
33 |
|
362 |
|
At 30 November 2025 |
3,815 |
|
90 |
|
3,905 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
985 |
|
100 |
|
1,085 |
|
At 30 November 2024 |
1,314 |
|
133 |
|
1,447 |
|
|
| 6 |
Investments |
| Other |
| investments |
| £ |
|
Cost |
|
At 1 December 2024 |
20 |
|
|
At 30 November 2025 |
20 |
|
|
| 7 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Prepayments and accrued income |
|
852 |
|
1,332 |
|
Directors' current account |
|
|
|
|
- |
|
19,460 |
|
Amounts owed by related undertakings |
|
|
|
4,000 |
|
5,404 |
|
Other debtors |
2,450 |
|
2,150 |
|
|
|
|
|
|
7,302 |
|
28,346 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
14,972 |
|
15,673 |
|
Trade creditors |
2,200 |
|
1,484 |
|
Amounts owed to related undertakings |
- |
|
47,343 |
|
Directors' current account |
|
16,418 |
|
- |
|
Taxation and social security costs |
9,334 |
|
11,012 |
|
Accruals and deferred income |
9 |
|
8 |
|
Other creditors |
2,450 |
|
2,150 |
|
|
|
|
|
|
45,383 |
|
77,670 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
248,730 |
|
262,503 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
190,405 |
|
203,050 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
261,764 |
|
273,658 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured over the properties to which they relate. |
|
|
| 11 |
Fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 December 2024 |
62,162 |
|
67,134 |
|
Reserve transfer |
- |
|
(4,972) |
|
|
At 30 November 2025 |
62,162 |
|
62,162 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Related party transactions |
|
|
During the year the directors advanced £66,332 (2024: £16,519) to the company. The company made repayments on this loan totalling £30,454 (2024: £17,711). Leaving an amount of £16,418 (2024: £19,460 due from) due to the directors at the year end. |