REGISTERED NUMBER: 11112097 (England and Wales)

LEE & PHILLIPS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

24,000

24,000

CURRENT ASSETS

Cash in hand

1,784

1,309

CREDITORS

Amounts falling due within one year

1,903

1,025

NET CURRENT (LIABILITIES)/ASSETS

(119

)

284

TOTAL ASSETS LESS CURRENT LIABILITIES

23,881

24,284

PROVISIONS FOR LIABILITIES

4,560

4,560

NET ASSETS

19,321

19,724

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

19,301

19,704

19,321

19,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

Mr D L Phillips - Director

Mrs R Lee-Phillips - Director

1.	STATUTORY INFORMATION

Lee & Phillips Ltd 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:

11112097

Registered office:

Ffrwd y Felin

Llanboidy

Whitland

Carmarthenshire

SA34 0EH

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

24,000

NET BOOK VALUE

At 31 December 2025

24,000

At 31 December 2024

24,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

24,000