Lees House Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04344346 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2025 to 31 March 2026

for

Lees House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Hill

R E Hill

SECRETARY:

C A Cross

REGISTERED OFFICE:

10 Vicarage Lane

Cockermouth

Cumbria

CA13 9DQ

REGISTERED NUMBER:

04344346 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

6,571,016

6,565,877

CURRENT ASSETS

Stocks

5

1,492,393

1,105,430

Debtors

6

267,074

117,033

Cash at bank

1,340,882

1,904,883

3,100,349

3,127,346

CREDITORS

Amounts falling due within one year

7

9,373,815

9,466,898

NET CURRENT LIABILITIES

(6,273,466

)

(6,339,552

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

297,550

226,325

PROVISIONS FOR LIABILITIES

217,000

211,000

NET ASSETS

80,550

15,325

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

80,548

15,323

SHAREHOLDERS' FUNDS

80,550

15,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

D R Hill - Director

1.	STATUTORY INFORMATION

Lees House 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, net of value added tax, and represents rent receivable for the year.

Tangible fixed assets

The long leasehold property is stated in the balance sheet at directors' valuation.

The property is not depreciated as it is regularly revalued and it is considered that depreciation would be immaterial. Annual impairment reviews are undertaken to ensure the carrying value can be supported.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company contributes to an employee personal pension plan. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

Computer

property

leasehold

machinery

equipment

Totals

£

COST OR VALUATION

At 1 October 2025

2,061,622

4,500,000

6,565

2,925

6,571,112

Additions

6,150

-

6,150

At 31 March 2026

2,067,772

4,500,000

6,565

2,925

6,577,262

DEPRECIATION

At 1 October 2025

-

3,241

1,994

5,235

Charge for period

-

820

191

1,011

At 31 March 2026

-

4,061

2,185

6,246

NET BOOK VALUE

At 31 March 2026

2,067,772

4,500,000

2,504

740

6,571,016

At 30 September 2025

2,061,622

4,500,000

3,324

931

6,565,877

Cost or valuation at 31 March 2026 is represented by:

Freehold

Long

Plant and

Computer

property

leasehold

machinery

equipment

Totals

£

Valuation in 2017

-

3,555,680

-

3,555,680

Valuation in 2018

(1,197,546

)

-

(1,197,546

)

Valuation in 2021

(1,552,164

)

-

(1,552,164

)

Valuation in 2022

-

650,224

-

650,224

Valuation in 2025

(502,709

)

(4,108,632

)

-

(4,611,341

)

Cost

5,320,191

4,402,728

6,565

2,925

9,732,409

2,067,772

4,500,000

6,565

2,925

6,577,262

If the leasehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

4,402,728

The leasehold property was last valued on an open market basis on 31 March 2026 by the directors .

5.

STOCKS

2026

2025

£

Work-in-progress

1,492,393

1,105,430

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

115,910

33,680

Other debtors

16,535

7,631

Service charge account net assets

24,040

28,462

Other taxes and social security

26,637

15,988

Prepayments and accrued income

83,952

31,272

267,074

117,033

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

41,520

37,387

Amounts owed to group undertakings

-

358,340

Corporation tax

22,232

1,038

Social security and other taxes

4,578

3,709

Other creditors

298,158

277,632

Amounts owed to service charge tenants

24,040

28,462

Directors' current accounts

8,772,635

8,480,461

Accruals and deferred income

210,652

279,869

9,373,815

9,466,898

8.	LEASE COMMITMENTS

The company is committed to annual lease payments of £90,145 in respect of a long lease which expires in 2108.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.