REGISTERED NUMBER: 01241164 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

P W LEEMAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R B Leeman

A R Leeman

L B Leeman

SECRETARY:

R B Leeman

REGISTERED OFFICE:

Second Floor South

The Fitted Rigging House

Anchor Wharf, The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

01241164 (England and Wales)

AUDITORS:

Carleys

Statutory Auditor

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Investment property

4

3,670,000

3,670,000

CURRENT ASSETS

Debtors

5

89,901

8,809

Cash at bank

847,471

759,383

937,372

768,192

CREDITORS

Amounts falling due within one year

6

(86,132

)

(33,441

)

NET CURRENT ASSETS

851,240

734,751

TOTAL ASSETS LESS CURRENT LIABILITIES

4,521,240

4,404,751

PROVISIONS FOR LIABILITIES

(598,223

)

(598,223

)

NET ASSETS

3,923,017

3,806,528

CAPITAL AND RESERVES

Called up share capital

7

89,637

89,637

Share premium

92,301

92,301

Fair value reserves

2,530,626

2,530,626

Capital redemption reserve

10,363

10,363

Retained earnings

1,200,090

1,083,601

SHAREHOLDERS' FUNDS

3,923,017

3,806,528

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 28 November 2025 and were signed on its behalf by:

R B Leeman - Director

1.	STATUTORY INFORMATION

P W Leeman 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.

Significant judgements and estimates

The fair value of the company's investment property has been estimated based on a previous valuation completed by a Chartered Surveyor and the director's belief that there have been no impairments since then.

Turnover

Turnover represents amounts receivable for rent net of VAT.

Investment properties

Investment properties are included in the financial statements at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the properties are sold.

Current and deferred 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.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Balance sheet date.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

3,670,000

NET BOOK VALUE

At 28 February 2025

3,670,000

At 29 February 2024

3,670,000

The investment properties are measured at fair value which is the open market value of the properties. Any fair value adjustments are taken through to the profit and loss account.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,000

-

Other debtors

8,901

8,809

89,901

8,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

52,794

17

Taxation and social security

7,934

8,083

Other creditors

25,404

25,341

86,132

33,441

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

16,666

Ordinary A

£1

16,666

16,666

50,000

Ordinary B

£1

50,000

50,000

11,000

Ordinary C

£1

11,000

11,000

971

Ordinary D

£1

971

971

11,000

Ordinary E

£1

11,000

11,000

89,637

89,637

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Claire Ralph (Senior Statutory Auditor)

for and on behalf of Carleys

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company Benfleet Scrap Co Limited, whose registered office is the same as P W Leeman Limited.