Leazes Square Limited

Registered Number
02096835
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

Company Information
for the year from 1 January 2025 to 31 December 2025


Directors	CRAVEN, Wendy Susan
	TURNBULL, Fr Brian Robert
	WILEY, Francine
	WILKIN, Claire Sophie


Company Secretary	REAVLEY, Linda Christine


Registered Address	Cheviot House
	Beaminster Way East
	Newcastle Upon Tyne
	NE3 2ER


Registered Number	02096835 (England and Wales)

Leazes Square Limited

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		13,320		13,320
			13,320		13,320
Current assets
Cash at bank and on hand		659		3,714
		659		3,714
Creditors amounts falling due within one year	4	(4,392)		(9,298)
Net current assets (liabilities)			(3,733)		(5,584)
Total assets less current liabilities			9,587		7,736
Net assets			9,587		7,736
Capital and reserves
Profit and loss account			9,587		7,736
Reserves			9,587		7,736

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 23 September 2026, and are signed on its behalf by:

WILKIN, Claire Sophie
Director
Registered Company No. 02096835

Leazes Square 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 guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company is limited by guarantee and does not have a share capital. The liability of each member is limited to £1 to be contributed towards the payment of debts in the event of the company being wound up. The managing agents for the company are Kingston Property Services Limited of Cheviot House, Beaminster Way East, Newcastle upon Tyne, NE3 2ER.

Statutory information

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

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to £1 to be contributed towards the payment of debts in the event of the company being wound up.

The managing agents for the company are Kingston Property Services Limited of Cheviot House,
Beaminster Way East, Newcastle upon Tyne, NE3 2ER.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. Service charges Under section 42 of the Landlord and Tenant Act 1987, service charge funds are held in trust by the management company on behalf of the tenants. Such funds do not belong to the management company and are therefore not accounted for by it.

Basis of preparation

The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Service charges

Under section 42 of the Landlord and Tenant Act 1987, service charge funds are held in trust by the management company on behalf of the tenants. Such funds do not belong to the management company and are therefore not accounted for by it.

	Turnover policy
	Turnover represents ground rents receivable from the lessees.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost. Freehold land has not been depreciated. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost. Freehold land has not been depreciated.

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 25	13,320	13,320
At 31 December 25	13,320	13,320
Net book value
At 31 December 25	13,320	13,320
At 31 December 24	13,320	13,320

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	392	510
Other creditors	4,000	8,788
Total	4,392	9,298

5.	Related party transactions
	Other creditors falling due within one year represents a loan taken from the service charge trust to fund the purchase of the head lease.