ACCOUNTS - Final Accounts

Registered number: 02346625

LEA VALLEY PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

LEA VALLEY PROPERTIES LIMITED

REGISTERED NUMBER: 02346625

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

	2025	2025	2024	2024
Note	£	£	£	£

Current assets
Debtors: amounts falling due within one year	4	916,833		1,866,611
Cash at bank and in hand	5	2,999		3,157
		919,832		1,869,768
Creditors: amounts falling due within one year	6	(330,832)		(365,011)
Net assets			589,000		1,504,757

Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		588,000	1,503,757
		589,000	1,504,757

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2026.

N Fletcher

Director

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LEA VALLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Lea Valley Properties Limited ("the Company") is a private company, limited by shares, incorporated in England and Wales, registration number 02346625. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

The principal activity of the Company during the year was that of property investment.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. The Company is dependent on the continued support of its bankers and other creditors. The directors are of the opinion that the Company will continue in operation for the foreseeable future.

2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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LEA VALLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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LEA VALLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£

	Other debtors	916,833	1,866,611

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	2,999	3,157

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	14,396	22,688
Corporation tax	16,284	104,817
Other creditors	293,052	232,906
Accruals	7,100	4,600
	330,832	365,011

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,000 (2024 - 1,000) Ordinary shares of £1.00 each	1,000	1,000

8.	Contingent liabilities

During 2019 the parent company, Lee Valley Estates Limited, obtained a bank facility for £22,000,000. These funds were subsequently allocated between the subsidiaries within the Group. The loan received by the parent company is cross guaranteed by all companies in the Group that received the funds and is secured on assets held by such companies.

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LEA VALLEY PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.	Related party transactions
	Included within other debtors are amounts of £904,138 (2024 - £1,843,411) due from companies under common control. Included within other creditors are amounts of £293,052 (2024 - £232,906) due to companies under common control. These balances are unsecured, interest free and repayable on demand.

10.	Controlling party

The immediate parent company is Lee Valley Estates Limited. The ultimate controlling party is considered to be M Polledri.

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