Registration number: 12384649

LN Leasing Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

LN Leasing Ltd

Company Information

Directors

Mr C G A Watkins Mr J M Martin

Registered office

Jupiter House Shrewsbury Business Park Shrewsbury SY2 6LG

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

LN Leasing Ltd

(Registration number: 12384649)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Current assets
Cash at bank and in hand		66	124
Creditors: Amounts falling due within one year	4	(68,197)	(56,083)
Total assets less current liabilities		(68,131)	(55,959)
Creditors: Amounts falling due after more than one year	4	(726)	(11,953)
Net liabilities		(68,857)	(67,912)
Capital and reserves
Called up share capital	5	100	100
Retained earnings		(68,957)	(68,012)
Shareholders' deficit		(68,857)	(67,912)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2026 and signed on its behalf by:
 

Mr J M Martin Director

LN Leasing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company was formerly known as 1st Choice Leasing (UK) Ltd.

The address of its registered office is:
Jupiter House
Shrewsbury Business Park
Shrewsbury
SY2 6LG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors will continue to support the business to ensure liabililties are met as they fall due.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

LN Leasing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	6	10,648	9,648
Trade creditors		288	288
Other creditors		57,261	46,147
		68,197	56,083

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	6	726	11,953

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

LN Leasing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	726	11,953

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,648	9,648

7	Related party transactions

Summary of transactions with other related parties

The director, Mr J M Martin
 At the period end a balance of £12,012 (2024 - £12,012) was owed to the director, which is included in Other creditors. In addition £45,249 (2024 - £34,135) is owed to a company controlled by the director.