REGISTERED NUMBER: 04061285 (England and Wales)

LION ASSETS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms A A Smith

Mr L O de Souza

SECRETARY:

Ms A A Smith

REGISTERED OFFICE:

Clay Hill Park

Barnes Green

Brinkworth

CHIPPENHAM

Wiltshire

SN15 5AQ

REGISTERED NUMBER:

04061285 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Svenska Handelsbanken AG

40 Queen Square

BRISTOL

BS1 4QP

FIXED ASSETS

Tangible assets

4

3,523

5,089

Investment property

5

2,970,496

2,964,549

2,974,019

2,969,638

CURRENT ASSETS

Debtors

6

151,507

40,320

Cash at bank

42,517

3,876

194,024

44,196

CREDITORS

Amounts falling due within one year

7

1,205,990

843,087

NET CURRENT LIABILITIES

(1,011,966

)

(798,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,962,053

2,170,747

CREDITORS

Amounts falling due after more than one year

8

(396,573

)

(693,647

)

PROVISIONS FOR LIABILITIES

(88,262

)

(87,710

)

NET ASSETS

1,477,218

1,389,390

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

1,477,216

1,389,388

SHAREHOLDERS' FUNDS

1,477,218

1,389,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th October 2026 and were signed on its behalf by:

Ms A A Smith - Director

1.	STATUTORY INFORMATION

Lion Assets Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04061285

Registered office: Clay Hill Park, Barnes Green, Brinkworth, Chippenham, Wiltshire, SN15 5AQ

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine the basis of the fair value of the investment property using the directors' knowledge of

the market and their estimate of the rental multiple.

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

-

5% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2025

and 31st January 2026

7,829

DEPRECIATION

At 1st February 2025

2,740

Charge for year

1,566

At 31st January 2026

4,306

NET BOOK VALUE

At 31st January 2026

3,523

At 31st January 2025

5,089

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

2,964,549

Additions

5,947

At 31st January 2026

2,970,496

NET BOOK VALUE

At 31st January 2026

2,970,496

At 31st January 2025

2,964,549

Fair value at 31st January 2026 is represented by:

£

Valuation in 2017

605,518

Valuation in 2018

58,901

Cost

2,306,077

2,970,496

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

2026

2025

£

£

Cost

2,306,077

2,306,077

The directors believe the above represents the fair value of investment property as at 31 January 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

640

Other debtors

151,507

39,680

151,507

40,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

616,167

432,378

Trade creditors

413

14,194

Taxation and social security

100,611

116,664

Other creditors

488,799

279,851

1,205,990

843,087

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

396,573

693,647

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,012,740

1,126,025

The bank loans are secured by way of a fixed charge over the following land/properties:

- Unit 7 and unit 8 and paddock land at Callow Park, Brinkworth, Wiltshire.

- Freehold property known as Pebbledene, Barnes Green, Brinkworth, Wiltshire.

- Land and paddock at Callow Park, Callow Hill, Brinkworth, Wiltshire.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Included within retained earnings is £546,777 (2025: £546,777) which is unattributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2026 and 31st January 2025:

2026

2025

£

£

Mr L O de Souza and Ms A A Smith

Balance outstanding at start of year

39,303

(288,671

)

Amounts advanced

-

350,000

Amounts repaid

-

(22,026

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,303

39,303