REGISTERED NUMBER: 02331606 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Brendan Lees Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Lees

Mrs L Lees

E J Lees

SECRETARY:

Mrs J Richards

REGISTERED OFFICE:

Second Floor

Commerce House, Ridings Park

Cannock

WS11 7FJ

REGISTERED NUMBER:

02331606 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

8,002,749

8,013,294

CURRENT ASSETS

Debtors

5

90,314

129,521

Cash at bank and in hand

113,314

121,362

203,628

250,883

CREDITORS

Amounts falling due within one year

6

464,901

455,303

NET CURRENT LIABILITIES

(261,273

)

(204,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,741,476

7,808,874

CREDITORS

Amounts falling due after more than one year

7

(2,704,050

)

(2,704,050

)

PROVISIONS FOR LIABILITIES

(9,359

)

(10,955

)

NET ASSETS

5,028,067

5,093,869

CAPITAL AND RESERVES

Called up share capital

8

3,000

3,000

Revaluation reserve

9

4,182,440

4,182,440

Retained earnings

9

842,627

908,429

SHAREHOLDERS' FUNDS

5,028,067

5,093,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

E J Lees - Director

1.	STATUTORY INFORMATION

Brendan Lees Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Investment

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2025

7,965,311

40,294

118,075

5,964

8,129,644

Additions

-

-

1,546

707

2,253

At 30 April 2026

7,965,311

40,294

119,621

6,671

8,131,897

DEPRECIATION

At 1 May 2025

-

39,505

71,026

5,819

116,350

Charge for year

-

197

12,149

452

12,798

At 30 April 2026

-

39,702

83,175

6,271

129,148

NET BOOK VALUE

At 30 April 2026

7,965,311

592

36,446

400

8,002,749

At 30 April 2025

7,965,311

789

47,049

145

8,013,294

Cost or valuation at 30 April 2026 is represented by:

Fixtures

Investment

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2020

800,000

-

-

-

800,000

Valuation in 2021

2,357,440

-

-

-

2,357,440

Valuation in 2022

1,025,000

-

-

-

1,025,000

Cost

3,782,871

40,294

119,621

6,671

3,949,457

7,965,311

40,294

119,621

6,671

8,131,897

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.26

30.4.25

£

£

Cost

3,782,871

3,782,871

Office and Industrial units were valued on an open market basis on 5 April 2022 by Vail Williams LLP .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

87,029

129,521

Other debtors

2,200

-

Directors' current accounts

1,085

-

90,314

129,521

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade creditors

21,935

18,649

Tax

52,538

43,678

Social security and other taxes

2,718

570

VAT

33,387

31,844

Other creditors

260,623

260,637

Directors' current accounts

-

163

Accruals and deferred income

93,700

99,762

464,901

455,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans - 2-5 years

2,704,050

2,704,050

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

3,000

Ordinary shares

£1

3,000

3,000

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2025

908,429

4,182,440

5,090,869

Profit for the year

194,198

194,198

Dividends

(260,000

)

(260,000

)

At 30 April 2026

842,627

4,182,440

5,025,067

10.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £259,913 to its directors (2025 : £255,915 ).

Included within Creditors, amounts falling due within one year, is an amount of £259,732 (2025: £259,732 ), a loan from KGL Estates (Cannock) Limited. There are no terms set down for repayment and the loan is interest free.