LIZKIN LTD

Company Registration Number:
12380607 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2025

Period of accounts

Start date: 1 January 2025

End date: 31 December 2025

LIZKIN LTD

Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LIZKIN LTD

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Principal activities of the company

The company’s principal activity during the period was to manage three residential properties. The company started with one property in Cardiff. Over the time, the company has acquired two more properties, one in Woking, Surrey, and another in Swansea. Thus, the company now has three residential properties. These properties were acquired in poor state, and thus early losses have been made (including for the current period), due to extensive and ongoing internal refurbishments and external landscaping.

Company policy on disabled employees

The company has no employees at present. However, it would not have any bias of any kind towards any of its employees

Additional information

There is a significant company loss reported in the current reported period. Ony one property made a profit, but this was dwarfed my massive losses in the other two properties. In summary: Property 1 – in Cardiff. New kitchen fitted but still managed to make some profit about £8k. Property 2 – in Woking. Legal and Land registry fees, coupled with an entire overhaul of an old heating system and a new British gas-fitted heating system all have resulted in a massive loss of more than £13k. Property 3 – Swansea. Currently on Mortgage and low lodgers’ income from 2 lodgers. There was also significant external landscaping and external lighting system. The result is a loss of about £14.



Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

John Kinuthia
 john kinuthia

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 September 2026

And signed on behalf of the board by:
Name: John Kinuthia
Status: Director

LIZKIN LTD

Profit And Loss Account

for the Period Ended 31 December 2025

2025 2024


£
£
Turnover: 52,972 35,790
Cost of sales: ( 76,528 ) ( 85,039 )
Gross profit(or loss): (23,556) (49,249)
Operating profit(or loss): (23,556) (49,249)
Profit(or loss) before tax: (23,556) (49,249)
Profit(or loss) for the financial year: (23,556) (49,249)

LIZKIN LTD

Balance sheet

As at 31 December 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 610,090 585,640
Total fixed assets: 610,090 585,640
Net current assets (liabilities):  
Total assets less current liabilities: 610,090 585,640
Total net assets (liabilities): 610,090 585,640
Capital and reserves
Called up share capital: 610,090 585,640
Total Shareholders' funds: 610,090 585,640

The notes form part of these financial statements

LIZKIN LTD

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 September 2026
and signed on behalf of the board by:

Name: John Kinuthia
Status: Director

The notes form part of these financial statements

LIZKIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company combined income and expenses from all three properties to determine overall profit

    Tangible fixed assets depreciation policy

    The company assumes building appreciate with time and not vice versa. The company only considers depreciation for major items such as cars etc. and ignores that of very small items such as office equipment etc. Complete disposals and new purchases are however factored.

LIZKIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

    There is significant variation in income and expenditure. The properties are far apart. They were purchased in a poor state and thus regular or sufficient profit will take time for the company to start to create employment

LIZKIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2025 575,000 4,000 3,340 3,300 585,640
Additions 25,000 25,000
Disposals ( 150 ) ( 100 ) ( 300 ) ( 550 )
Revaluations
Transfers
At 31 December 2025 600,000 3,850 3,240 3,000 610,090
Depreciation
At 1 January 2025
Charge for year
On disposals
Other adjustments
At 31 December 2025
Net book value
At 31 December 2025 600,000 3,850 3,240 3,000 610,090
At 31 December 2024 575,000 4,000 3,340 3,300 585,640

LIZKIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Financial Commitments

With most refurbishments out of the way, we anticipate that the future will reflect better on our company in terms of returns, with better profit margins