LIFTE LIMITED


Directors	Mrs D Baldwin
	Mrs C R D Hill
	P J Hill


Registered Address	2 Jubilee Road
	Burgess Hill
	RH15 9TL


Registered Number	02578029 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,884,717		4,878,595
			4,884,717		4,878,595
Current assets
Debtors	5	62,258		76,500
Cash at bank and on hand		226,653		167,466
		288,911		243,966
Creditors amounts falling due within one year	6	(474,012)		(487,119)
Net current assets (liabilities)			(185,101)		(243,153)
Total assets less current liabilities			4,699,616		4,635,442
Creditors amounts falling due after one year	7		(889,498)		(985,604)
Provisions for liabilities	8		(282,142)		(214,677)
Net assets			3,527,976		3,435,161
Capital and reserves
Called up share capital			100		100
Revaluation reserve			829,484		895,843
Profit and loss account			2,698,392		2,539,218
Shareholders' funds			3,527,976		3,435,161

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2026, and are signed on its behalf by:

P J Hill
Director
Registered Company No. 02578029

LIFTE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover represents rental income receivable in the year. The company is not registered for value added tax.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	-	10
Office Equipment	33	-

	Investment property
	Investment property is included at fair value determined annually by external valuers or the 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. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investment property

Investment property is included at fair value determined annually by external valuers or the 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. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	4,862,126	19,407	28,971	1,318	4,911,822
Additions	-	5,700	4,611	-	10,311
At 31 December 25	4,862,126	25,107	33,582	1,318	4,922,133
Depreciation and impairment
At 01 January 25	-	7,154	24,874	1,199	33,227
Charge for year	-	3,427	723	39	4,189
At 31 December 25	-	10,581	25,597	1,238	37,416
Net book value
At 31 December 25	4,862,126	14,526	7,985	80	4,884,717
At 31 December 24	4,862,126	12,253	4,097	119	4,878,595

4.	Revaluation of property, plant and equipment
	If freehold land and buildings had not been revalued they would have been included at the following historical cost: £3,736,148 (2024: £3,736,148) Freehold land and buildings were valued on an open market basis on 31 December 2025 by the directors of the company.

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	300	7,200
Other debtors	47,610	55,810
Prepayments and accrued income	14,348	13,490
Total	62,258	76,500

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	23,283	5,865
Bank borrowings and overdrafts	131,350	146,167
Taxation and social security	51,069	43,271
Other creditors	266,792	266,792
Accrued liabilities and deferred income	1,518	25,024
Total	474,012	487,119

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	889,498	985,604
Total	889,498	985,604

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	282,142	214,677
Total	282,142	214,677

9.	Related party transactions
	Included in the financial statements are the following transactions and balances with related parties: Mexmast Limited, a company controlled by Lifte Holdings Ltd, the parent company: Turnover: £340,800 (2024: £312,500) Creditors: Amounts falling due within one year: £259,714 (2024: £259,714)