Demech Leeds Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12045894

DEMECH LEEDS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 June 2025

DEMECH LEEDS LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 29 JUNE 2024 TO 26 JUNE 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

DEMECH LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION

26 June 2025

	26 Jun 25		28 Jun 24
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		546,456		546,889

CURRENT ASSETS

Stocks		118,628	37,295
Debtors	5	15,762	26,345
Cash at bank and in hand		92,587	19,403
		---------	--------
		226,977	83,043

CREDITORS: amounts falling due within one year	6	( 986,970)		( 1,023,241)
		---------		------------
NET CURRENT LIABILITIES			( 759,993)		( 940,198)
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 213,537)		( 393,309)

CREDITORS: amounts falling due after more than one year	7	( 22,752)	( 18,692)
		---------	---------
NET LIABILITIES		( 236,289)	( 412,001)
		---------	---------

CAPITAL AND RESERVES

Called up share capital	3	3
Profit and loss account	( 236,292)	( 412,004)
	---------	---------
SHAREHOLDERS DEFICIT	( 236,289)	( 412,001)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 26 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

DEMECH LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

26 June 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

S P Graham

Director

Company registration number: 12045894

DEMECH LEEDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 29 JUNE 2024 TO 26 JUNE 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1 & 2 Sandleas Way, Leeds, LS15 8AW, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of sales proceeds from farmhouses and rents received from farm tenants.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Stocks

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Investment property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 29 June 2024 and 26 June 2025	544,000	3,681	2,200	549,881
	---------	-------	-------	---------
Depreciation
At 29 June 2024	–	1,759	1,233	2,992
Charge for the period	–	288	145	433
	---------	-------	-------	---------
At 26 June 2025	–	2,047	1,378	3,425
	---------	-------	-------	---------
Carrying amount
At 26 June 2025	544,000	1,634	822	546,456
	---------	-------	-------	---------
At 28 June 2024	544,000	1,922	967	546,889
	---------	-------	-------	---------

The market value of the investment property held as at 26th June 2025 has been calculated by the directors, and has been valued at open market value.

5. DEBTORS

	26 Jun 25	28 Jun 24
	£	£
Trade debtors	8,850	9,867
Other debtors	6,912	16,478
	--------	--------
	15,762	26,345
	--------	--------

6. CREDITORS: amounts falling due within one year

	26 Jun 25	28 Jun 24
	£	£
Bank loans and overdrafts	372,223	471,313
Trade creditors	14,370	15,570
Social security and other taxes	876	180
Amounts due to related companies	280,000	330,000
Other creditors	319,501	206,178
	---------	------------
	986,970	1,023,241
	---------	------------

7. CREDITORS: amounts falling due after more than one year

	26 Jun 25	28 Jun 24
	£	£
Bank loans and overdrafts	22,752	18,692
	--------	--------