Registration number: 03676989

Leon Kennedy Ltd

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Leon Kennedy Ltd

Company Information

Directors

J L Kennedy J D Kennedy

Company secretary

J D Kennedy

Registered office

Cavendish House North Wing Ground Floor 369-391 Burnt Oak Broadway Edgware Middlesex United Kingdom HA8 5AW

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Leon Kennedy Ltd

Statement of Financial Position as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	657,330	770,088
Current assets
Stocks	6	58,814	52,745
Debtors	7	588,075	681,398
Cash at bank and in hand		2,192,382	1,491,731
		2,839,271	2,225,874
Creditors: Amounts falling due within one year	8	(2,112,918)	(1,743,282)
Net current assets		726,353	482,592
Total assets less current liabilities		1,383,683	1,252,680
Provisions for liabilities - deferred tax		(93,525)	(94,509)
Net assets		1,290,158	1,158,171
Capital and reserves
Called up share capital		5,000	48
Capital redemption reserve		-	52
Profit and loss account		1,285,158	1,158,071
Shareholders' funds		1,290,158	1,158,171

For the financial year ending 31 May 2026 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.

Leon Kennedy Ltd

Statement of Financial Position as at 31 May 2026

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Leon Kennedy Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 5 November 2026 and signed on its behalf by:
 

.........................................

J D Kennedy

Director

Company registration number: 03676989

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

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

The address of its registered office is:
Cavendish House North Wing Ground Floor
369-391 Burnt Oak Broadway
Edgware
Middlesex
HA8 5AW
United Kingdom

The principal activity of the company is that of the provision of food service outlets.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a profit for the year ended 31 May 2026, and had net assets at that date of £1,290,158 including cash at bank of £2,192,382.

The company has continued to trade profitably since 31 May 2026, therefore with the resources the company has, the directors believe that the company will be able to continue to do so for the foreseeable future.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax.

Revenue is recognised at the point of delivery of goods and services to customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	12.5% straight line
Motor vehicles	25% straight line
Leasehold property improvements	Over the lease term
Plant and machinery	12.5% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition.

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 3 to 10 years

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 107 (2025 - 120).

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2025	3,267,999	3,267,999
At 31 May 2026	3,267,999	3,267,999
Amortisation
At 1 June 2025	3,267,999	3,267,999
At 31 May 2026	3,267,999	3,267,999
Carrying amount
At 31 May 2026	-	-

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

5	Tangible assets

	Leasehold Property Improvements £	Plant and Machinery £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2025	98,117	1,297,902	1,178,633	28,103	2,602,755
Additions	-	161,468	4,000	11,203	176,671
Disposals	-	-	-	(28,103)	(28,103)
At 31 May 2026	98,117	1,459,370	1,182,633	11,203	2,751,323
Depreciation
At 1 June 2025	44,636	778,671	981,257	28,103	1,832,667
Charge for the year	3,750	151,169	134,380	130	289,429
Eliminated on disposal	-	-	-	(28,103)	(28,103)
At 31 May 2026	48,386	929,840	1,115,637	130	2,093,993
Carrying amount
At 31 May 2026	49,731	529,530	66,996	11,073	657,330
At 31 May 2025	53,481	519,231	197,376	-	770,088

6

Stocks

	2026 £	2025 £
Stock	58,814	52,745

7

Debtors

	2026 £	2025 £
Trade debtors	190,831	185,324
Other debtors	397,244	496,074
	588,075	681,398

Other debtors includes £66,250 (2025: £66,250) falling due after more than one year.

Leon Kennedy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	584,430	439,156
Taxation and social security	569,181	381,129
Other creditors	959,307	922,997
	2,112,918	1,743,282

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £6,428,395 (2025 - £7,008,629). These commitments relate to property leases.

10	Transactions with directors

At 31 May 2026 there is an amount of £Nil (2025: £9,748) due from a director. During the year repayments of £24,612 and advances of £14,864 were made by the director. Interest of £Nil (2025: £5,438) has been charged at an annual rate of 3.75% in the year. There are no set repayments terms in place.